Author: mindspike

Financing nearly set, construction starts on world’s tallest timber tower in Milwaukee

Milwaukee developers of what would become the tallest timber-structured building in the world say they have secured the equity investors needed for the project, and have started work on foundations.

Ascent Tower’s Timber Structure Begins to Rise in Downtown Milwaukee

The heavy timber pieces are being assembled in downtown Milwaukee for what is expected to become the world’s tallest building with a manufactured wood structure.

Top Milwaukee-area real estate firms, developers launch training program for diverse high schoolers

A high school level educational program launched this week for 20 students to be taught by Milwaukee-area real estate executives from some of the region’s most active firms.

Inside The World’s Tallest Mass Timber Building

The construction of Ascent, a 25-story apartment tower, looks like no other project in the city.

Infrared Fitness Studio Hotworx coming to Rhythm Apartment Building

A fitness studio that uses heat and infrared energy is moving into the retail space at the Rhythm apartment building.

World’s Tallest Timber Tower Begins Overtaking Nearby Buildings

When completed the 284-foot residential complex will be the tallest wood tower in the world, rising 4 feet higher than a mix-used structure built in Brumunddal, Norway in 2019.

Here’s a Closer Look at Milwaukee’s Three Apartment Tower Projects

With three high-end downtown apartment towers under development, we’re taking a closer look at their similarities — as well as some big differences.

New Land Upgrading Apartment Air Systems

The Covid-19 pandemic has forced people to think about the world in new ways, analyzing whether that door handle is contaminated, handshakes are harmless or the air they breathe can be trusted.

Ascent: Most Creative Financing Deal of the Year

Financing multi-family projects in Milwaukee with a price tag in excess of $100 million – and without government assistance – is like trying to assemble an enormous jigsaw puzzle, every piece of which is the same solitary color.

Plankinton Avenue site gets “You Are Beautiful” mural

This weekend, Hoffman will install a mural with that positive message at the former site of the Renaissance Bookshop at 834 N. Plankinton Ave., currently vacant and awaiting a new development from New Land.

Are downtowns ready to spring back into life? Yearning for a normalish summer

Remember when downtowns across the Midwest were booming or when renters flocked to apartment towers in the middle of cities?

Nine-story Nova apartments on Van Buren pass city committee with no opposition

New Land Enterprises 251-unit Nova apartment development in Milwaukee advanced with a Tuesday approval from a Common Council committee after a hearing where no neighbors spoke in opposition.

See the Milwaukee Business Journal’s 2021 Real Estate Award winners

In all, 18 projects in southeastern Wisconsin were chosen to be honored.

Business owners tackle air quality issues to prepare for post-pandemic reality

A time will come when COVID-19 is behind us in Milwaukee. Whether that’s sooner or later, the psychological scars of more than a year of restricted social behaviors will remain.

Will 2021 bring CRE certainty?

The impact of COVID-19 will ripple through asset categories well into 2021 and possibly beyond, as the pandemic accelerated a variety of trends that were already in the works.

ENR 2020 Top Newsmakers, Tim Gokhman: Led Development of Nation’s First Timber Tower

Risk is no stranger to the Ukraine-born developers of the 284-ft-tall Ascent residential project—on deck to take mass-timber construction to record heights.

Financing the $125 million Ascent tower was already a tall order, and then the pandemic struck

Tim Gokhman and the team at New Land Enterprises at the end of 2020 delivered a gift to Jim Wiechmann, their development partner on the Ascent apartment high-rise: two titanium balls.

Ascent Timber Tower receives its main loan from Arkansas bank

Bank OZK of Little Rock, Arkansas, provided the main lending for Ascent in Milwaukee, an apartment tower under construction that is set to become the world’s tallest timber-structured building.

New Land planning eight-story apartment building at former Buca de Beppo site

Milwaukee-based developer New Land Enterprises is planning to construct an eight-story apartment building at the former Buca di Beppo restaurant site near downtown Milwaukee.

Eight-story, 220-unit apartment building is being proposed for high-profile downtown site by New Land

The $35 million apartment project would include 2,500 square feet of street-level commercial space and a 300-space parking structure, according to a new filing with the Department of City Development.

Milwaukee Is On Track To House World’s Tallest Timber Skyscraper

Milwaukee will become home to the world’s tallest tower made of wood. Advocates say the technology, called mass timber, could create more sustainable housing for an increasingly urbanized world.

Crossroads Collective food hall will donate half of weekend sales to Hooligan’s staff

Crossroads Collective food hall is holding a benefit for its east side neighbors, the workers at Hooligan’s, who are out of work because of a fire at the popular east side bar last week.

Great Project. Great Location. Who’s in?

Area developers find investors for luxury apartment towers, but it’s not easy. The U.S. is full of investors who don’t shy from $120-million-plus real estate ventures, but most see Milwaukee as fly-over country.

Breaking Ground: Ascent

Construction has begun on Ascent, a 259-unit apartment tower at 700 E. Kilbourn Ave. in downtown Milwaukee. At 284 feet tall, Ascent is poised to become the tallest hybrid timber structure in the world.

World’s tallest wood building rising in Milwaukee

Construction of Ascent, a 25-story mass timber building, is underway in downtown Milwaukee. When completed the 284-foot residential complex will be the tallest wood tower in the world.

As Concerns Over Climate Change Rise, More Developers Turn to Wood

With environmental benefits and lower labor costs, mass timber has grown into a market that could rival steel and concrete in the construction industry.

Opinion: Look beyond gloomy pandemic predictions. Focus on reinvesting in Wisconsin.

It’s difficult to predict the next six months — the last six months have been unprecedented, with many lives and major economic opportunities lost. This pandemic, and the resulting recession, have brought devastation to many good businesses and…

Inside the KinetiK Apartments in Bay View

Much of my tour of KinetiK, the new 140-unit apartment building at the north end of Bay View, took place in the lobby. A couple years ago that would have been a warning sign of someone trying to hide something. Now it represents the continued…

284-Ft ‘Ascent’ Could Break Mass Timber Tower Height Record

The design team for Ascent—a 284-ft-tall apartment building just getting under way in Milwaukee that is on deck to be the world’s tallest hybrid mass timber tower—leaned on the approvals experience for a 148-ft-tall timber building that was…

A look inside the world’s tallest timber tower being built in Milwaukee — and its global impact: Slideshow

The 25-story Ascent apartment development in Milwaukee is poised to claim the world record for tallest timber-structured building upon its completion in summer 2022, and Tim Gokhman of the development team recognizes that title will not be…

Construction Begins On World’s Tallest Timber Tower

Construction equipment had begun appearing on the site and piles were being driven. Now New Land Enterprises has made it official: construction is underway on what will be the tallest mass timber building in the world.

New Land planning another apartment project in Walker’s Point

Milwaukee-based New Land Enterprises is planning another multi-family project in the city’s Walker’s Point neighborhood, not far from the firm’s newest apartment building that just opened this spring.

New Land pursues another Walker’s Point apartment development

New Land Enterprises plans a new Walker’s Point development with up to 70 apartments after its nearby Quartet building rapidly hit 100% occupancy.

How New Land is adapting what it planned as an event space

Milwaukee development firm New Land Enterprises LLP is adjusting plans for a location on North Farwell Avenue after it intended to use the space as an extension of its east side food hall.

Quartet Opens

New Land Enterprises’ second Walker’s Point project, Quartet, has opened to its first residents. The 48-unit building contains a mix of one-, two- and three-bedroom apartments at the southwest corner of S. 2nd St. and W. Mineral St.

World’s Tallest Wooden Building Might Soon Join Milwaukee Skyline

There have been a lot of environmental stories coming out of the coronavirus pandemic — but one environmental win that has little to do with the pandemic is flying under the radar right here in Milwaukee.

How developer Tim Gokhman of New Land Enterprises is navigating COVID-19

Milwaukee real estate developer Tim Gokhman and his firm New Land Enterprises certainly have their hands full these days, with new apartment buildings coming online, a food hall on Milwaukee’s East Side to manage and construction of a new…

Creativity key to opening new apartments in a stay-at-home state

Tim Gokhman of New Land Enterprises invoked creativity several times as he works to open two new Milwaukee apartment buildings at the start of May.

Former New Land office space on Farwell Avenue to be converted into events venue under proposal

A former office on Milwaukee’s east side would be converted into a neighborhood-oriented events venue under a new proposal pending before city officials.

Downtown apartment high-rise Ascent will be taller and have up to 34 more units under revised plan

A planned downtown Milwaukee apartment high-rise will be taller, with more units, under a revised proposal. The Plan Commission in September approved the design of Ascent, a 23-story, 231-unit apartment tower planned for 700 E. Kilbourn Ave.

As Ascent begins, mass timber industry has an eye on Milwaukee tower project

So why is mass timber construction all the rage? And why are there two mass timber buildings in the heart of Downtown being planned, including one of the tallest in North America? We asked Tim Gokhman, managing director of New Land…

Kinetik apartments and market to open in May and June: Slideshow

Walking through the Kinetik apartment building under construction in Bay View, developer Tim Gokhman seems to stop every few feet to point out another planned detail intended to make it a bustling new destination.

New Land adds height to timber apartment tower proposal for downtown Milwaukee

New Land Enterprises is adding height to its timber-framed Ascent tower in Milwaukee to create more parking and apartments, and expects it could be the second-tallest wood-framed building in the world.