MILWAUKEE -- Taiwanese electronics manufacturer Foxconn is considering the possibility of building an office tower in downtown Milwaukee, multiple real estate sources tell TODAY'S TMJ4's partner The Milwaukee Business Journal.
The Business Journal's Sean Ryan broke the news Friday morning. The possible development would come in addition to the already-planned $10 billion facility likely to be built in Racine or Kenosha Counties.
"Although it would have fewer jobs, a Foxconn corporate office could give Milwaukee a significant piece of the Foxconn deal, and potentially another signature building to add to its development boom," Ryan says in the Journal.
One site that has reportedly been pitched to Foxconn is a 2.5 acre lot at E. Clybourn St. and N. Lincoln Memorial Dr. that was opened up during the reconfiguration of the Lake Interchange. It just so happens that the State of Wisconsin, which has been working overtime to land the Foxconn deal, owns that lot.
The city's Department of City Development "has nothing we can share at this point," the Journal reports.
Governor Scott Walker and Foxconn officially signed a memorandum of understanding Thursday that formed a partnership between the two groups.
