Mandel unveils $100 million luxury apartment tower for east side
Mandel Group Inc. is unveiling plans for a $100 million luxury apartment high-rise on Milwaukee's east side, a development that was initially conceived more than 25 years ago.
The 24-story tower, dubbed Portfolio, would create 235 apartments on what is now a 1-acre vacant lot at 1350 N. Prospect Ave., just northeast of the Lake Bluff condos. The site overlooks Lake Michigan.
Mandel Group is working with Department of City Development officials on the building's design. A Mandel Group affiliate owns the project site, which is zoned for a residential high-rise.
The firm plans to begin construction by summer 2017 on the tower, which would take roughly two years to complete, said Barry Mandel, president.