MILWAUKEE (CBS 58) – After nine years of debate and delay, construction is due to begin on the 44-story Milwaukee couture apartment tower on Wednesday, May 5th.
The US Department of Housing and Urban Development (HUD) and Barrett Lo Visionary Development secured a $ 104.7 million loan for the tower on Friday, according to a press release. This is the largest FHA loan HUD has ever taken out in the state of Wisconsin.
The release says the couture will provide an estimated 4,400 construction jobs and around 200 permanent jobs when completed.
The design includes a multimodal transport hub with pedestrian walkways and bridges, public spaces and parks, the district’s Bus Rapid Transit line, bicycles and the tram, and replaces an unused transit center that has since been demolished.
“To get to this point, the developer and all government agencies involved have done a lot of hard work,” said Mayor Tom Barrett. “Couture will contribute to our economy and create jobs. This increases the traffic connection. and it will change our skyline. Couture is a great addition to Milwaukee. “
Vertical construction work for the project is expected to begin in early 2022. Completion is expected for autumn 2023.
The Couture becomes the fourth tallest building in Milwaukee.