MILWAUKEE – The long-delayed and debated couture project on the Milwaukee lakefront could break ground this week.
Our news partners at the Milwaukee Business Journal report that final funding has been secured for the $ 188 million project.
The 44-story building will consist of luxury apartments above and retail below. It will also house the easternmost stop on the Milwaukee tram.
Urban Development Commissioner Lafayette Crump says the building “will change the Milwaukee skyline, we’re talking about the tallest residential building in city history.”
The city will be responsible for the additional $ 19.5 million in tax funding for the project. Part of the agreement requires 40% of the estimated 4,400 construction workers employed to be residents of the City of Milwaukee.
“The transit elements that are involved, not to mention all of the construction and spending on local and diverse businesses … [it’s] a really catalytic project from this point of view, ”said Crump.
It is expected that construction on the underground aspects of the project could begin as early as this Wednesday. The transit hub at the foot of the building that would house the hop station could be completed by June 2022 and the rest of the building in the fall of 2023.
The building is being developed by Barrett Lo Visionary of Milwaukee, JH Findorff & Son is the prime contractor and Rinka, also of Milwaukee, is the architectural firm.
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