West Milwaukee continues to see new and exciting development. Here is just a sample of the history and exciting developments happening in the Village.
Opportunity Zone: West Milwaukee has been identified as an Opportunity Zone and is an ideal location to maximize the benefits of Opportunity Zone investments. The 2017 Tax Cuts and Jobs Act established opportunity zones to spur private investment in communities throughout the United States. This new opportunity zones (OZ) program will encourage investment in some of the most economically challenged communities through tax incentives. The private investment promotes economic growth and job creation.
Investors can re-invest unrealized capital gains into opportunity funds. These funds in turn invest in projects located within designated OZs. Investors can then temporarily defer and reduce taxes on the invested capital gains and eliminate taxes on future gains from the opportunity funds if held for 10 years. Zones can be searched on the interactive map to determine whether a property is located on the map click here.
The West Milwaukee Fairfield site preparations began at the end of May 2018, and the hotel opened in August 2019. The hotel is located at the east portion of the parcel at 43rd and National.
On Thursday, August 29, 2019, the Village of West Milwaukee attend the Grand Opening Event of Fairfield Inn & Suites. The event was extremely successful and featured food and a tour of the new hotel premises!
Aldi ( 1740 Miller Park Way) held their grand opening in October, 2019 and a new Sketchers Store is planned for the same center at 1744 Miller Park Way.
The Best Western – Milwaukee West located at 5501 W. National Avenue completed a interior and exterior renovation.
Interstate Partners is planning a 86,000 square foot building at 4775 W. Electric Ave. Construction is expected to be completed in spring 2019.
The construction of a new Advanced Auto Parts distribution and retail store next to Mr. Car Wash was completed. The 22,000 square foot building held their grand opening late 2017.
The ground breaking for the new Goodwill and Applebee’s took place in April, 2016.