The restoration of the historic Button Block building in downtown Milwaukee will create a 94-room extended-stay Hilton Homewood Suites opening in early 2017. The $17 million project will bring newfound activity to the mostly vacant, seven-story building at North Water and East Clybourn streets.
Serving as a stronger link between Milwaukee's central business district and the 3rd Ward, the hotel will help enliven the area just north of I-794. As part of this project, the city plans to continue its investment in the area with $1.9 million in improvements to the area's streets and making the sidewalks more pedestrian-friendly. The street improvements also aim to encourage more people to pass below the interstate bridges between the downtown and 3rd Ward.
This historic restoration of the building creates the opportunity for State and Federal Historic Tax Credits. Features of the renovation include two lobbies, lounge areas, food and beverage facilities, a swimming pool, a fitness center on the lower levels and guestrooms with kitchenettes and office areas on floors 2 through 7. The plan includes a new sidewalk level entry plaza on the northern face of the building, off of Water Street. The city infrastructure improvements include $700,000 in tax incremental financing to help fund this new pedestrian- oriented entry courtyard.