Key Takeaways
- The Loomis Crossing Technology Park is a joint venture between Cobalt Partners and Likewise Partners, featuring three industrial and flex buildings totaling 242,000 square feet.
- The project is part of the larger 38-acre Loomis Crossing development, which will include commercial buildings, a medical office building, apartment units, retail, and green space.
- The technology park is designed to provide modern and flexible space for a mix of tenants, ranging from small technology firms to larger corporate, logistics, or light manufacturing operations.
- The project has received unanimous approval from the Greenfield Plan Commission and is scheduled to go before the Common Council on January 20.
- Construction of the first two technology park buildings is estimated to cost more than $30 million and is expected to begin in the spring.
Introduction to Loomis Crossing Technology Park
The Loomis Crossing Technology Park is a significant development project in Greenfield, Wisconsin, which is being advanced by Cobalt Partners and Likewise Partners. The project is a key piece of Cobalt Partners’ broader 38-acre Loomis Crossing development, located north of Interstate 43 and east of West Loomis Road. The technology park will feature three industrial and flex buildings, totaling approximately 242,000 square feet. The largest building will be around 122,357 square feet, followed by an 86,946-square-foot building and a 33,229-square-foot building. The first two buildings are planned to begin construction in the spring, with the third phase scheduled based on market demand.
Project Details and Design
The Loomis Crossing Technology Park project is designed to provide modern and flexible space for a mix of tenants, ranging from small technology firms to larger corporate, logistics, or light manufacturing operations. The site plans include a new signalized entrance on West Loomis Road, along with internal circulation, driveway, and parking improvements that will also serve nearby businesses. The project is expected to provide a significant boost to the local economy, creating new job opportunities and adding long-term value to the city. The technology park is also designed to be adaptable, with flexible space that can be customized to meet the needs of a variety of tenants.
Loomis Crossing Development
The Loomis Crossing Technology Park is part of the larger Loomis Crossing campus, a mixed-use destination that is expected to include commercial buildings, a 40,000-square-foot medical office building, 227 apartment units, retail, green space, and the newly restored historic Turf Skatepark. Cobalt Partners, in partnership with Joseph Property Development, recently completed the first two apartment buildings at the site, and a third 114-unit building is planned to begin construction in March. The Loomis Crossing development is a significant project that is expected to transform the area, providing a vibrant and dynamic community with a range of amenities and services.
History and Background
The land on which the Loomis Crossing Technology Park is being developed was once intended for the never-completed Stadium Interchange, which was supposed to connect Interstate 894 to County Stadium. After the project died, the roughly 20-acre parcel functioned for decades as an oversized, underused park-and-ride. Greenfield Mayor Michael Neitzke said that the technology park sits on land that was an obvious candidate for development, but it took over 20 years to find a use that was financially prudent and provided the infrastructure for job creation. Neitzke expressed his enthusiasm for the project, stating that it will add long-term value to the city and provide new opportunities for residents.
Next Steps
The proposal for the Loomis Crossing Technology Park has received unanimous approval from the Greenfield Plan Commission and is scheduled to go before the Common Council on January 20. Construction of the first two technology park buildings is estimated to cost more than $30 million and is expected to begin in the spring. The project is a significant investment in the local economy, and its approval is seen as a major milestone in the development of the Loomis Crossing campus. As the project moves forward, it is expected to create new job opportunities and stimulate economic growth in the area. With its modern and flexible design, the Loomis Crossing Technology Park is poised to become a hub for innovation and entrepreneurship in Greenfield.
