Latest news with #NateHelbach
Yahoo
17-06-2025
- Business
- Yahoo
Downtown's latest high-rise just staged a groundbreaking. But what's going on across the street?
Downtown Milwaukee's latest apartment high-rise just staged its groundbreaking ceremony − but the bigger question is: what's happening with a separate site just across the street? a 31-story, 378-unit tower, is being developed by Madison-based Neutral at 1005 N. Edison St., overlooking the Milwaukee River. Neutral also has conceptual plans to develop high-rises with apartments, hotel rooms, offices and other uses at the Marcus Performing Arts Center parking garage, 1001 N. Water St. − just east of The Edison. Mayor Cavalier Johnson's Department of City Development in July proposed a one-year exclusive right to negotiate a sale of the city-owned Marcus site to Neutral. That would give the firm time to refine its plans, including financing. But that negotiation right has yet to be reviewed by the Common Council − which also would review a proposed site sale. Alderman Robert Bauman, whose district includes downtown, is skeptical about Neutral's plans. The Marcus site proposal was on people's minds at June 16 groundbreaking ceremony. Neutral CEO Nate Helbach said the Edison would be North America's tallest mass timber high-rise. That environmentally sustainable construction technique uses layers of wood pressed together to create columns, beams and other building frame components. Helbach told ceremony attendees that maybe Neutral will win the distinction of building the world's tallest mass timber building "with the project across the street." Helbach and Daniel Glaessl, Neutral partner and chief product officer, both praised Department of City Development staff. "Love to work with you guys," Glaessl said. "I hope we can work together for many years to come." Bauman praised Neutral, saying plans for The Edison grew several times from when the proposal's first version was introduced in 2021. But Bauman said after the ceremony his concerns remain about Neutral's Marcus site plans. They include the fact the city's request for proposals drew just three responses, and questions about the feasibility of Neutral's plans as two east side apartment tower plans remain on hold. Another concern, Bauman said, is Neutral's plan to do the project in phases. He said that could result in a relatively small project component built while the rest of the 2.5-acre site remains undeveloped for years. Development Commissioner Lafayette Crump has said the department would use the proposed year-long negotiation period to conduct a more extensive feasibility study. Helbach told the Milwaukee Journal Sentinel he's continues to have talks with city staff about the Marcus site. He said he's had minimal conversations with Bauman because of his focus on the Edison − but plans to reengage with him soon. Helbach also hopes The Edison's construction will "build some assurances" about Neutral's ability to do the larger Marcus site development. Meanwhile, Bauman wants the Department of City Development issues a new request for proposals for the Marcus site. Asked what Helbach could say to make his case for Neutral's plans, Bauman replied, "I don't know. But I'm all ears." The $133 million Edison's first apartments are to completed by spring 2027, with the remaining units finished by summer 2027. Tom Daykin can be emailed at tdaykin@ and followed on Instagram, Bluesky, X and article originally appeared on Milwaukee Journal Sentinel: A downtown high-rise breaks ground. Next door project plan is in limbo Sign in to access your portfolio
Yahoo
13-06-2025
- Business
- Yahoo
The Edison high-rise under development has landed its commercial tenant: a coffee shop and cafe
The Edison apartment high-rise under development in downtown Milwaukee has landed its commercial tenant: a coffee shop and cafe. Copa Vida, a California-based chain, will lease just over 3,000 square feet on the ground floor of The Edison, a 32-story, 378-unit tower, 1005 N. Edison St. The cafe, known as Copa Vida Provisions, will feature a menu with pastries, sandwiches, and breakfast items, including omelets and pancakes, said Nate Helbach, CEO of Madison-based Neutral, which is developing The Edison. Its main entrance will be at the corner of North Edison and East State streets, he said. Copa Vida also will provide food and beverage service for The Edison's residents who use the building's 6,000-square-foot co-working space, Helbach told the Milwaukee Journal Sentinel. That space also will be on the ground floor, along the RiverWalk. Neutral has been doing site preparation and foundation work this spring, with the first concrete slab to be poured this summer, Helbach said. The $133 million development's first apartments are to completed by spring 2027, with the remaining units finished by summer 2027, he said. The Edison has a groundbreaking ceremony set for June 16. Copa Vida's first location opened in 2022 in Pasadena, California, according to its website. It operates cafes throughout southern California, and has two locations at Neutral-developed buildings in Madison. The Copa Vida news was first reported by Tom Daykin can be emailed at tdaykin@ and followed on Instagram, Bluesky, X and article originally appeared on Milwaukee Journal Sentinel: Milwaukee's developing Edison high-rise lands Copa Vida cafe
Miami Herald
15-05-2025
- Business
- Miami Herald
Bakers Place Apartments Now Leasing in Downtown Madison, WI
206 New Apartments in Downtown Madison Offering Wellness Amenities. MADISON, WISCONSIN / ACCESS Newswire / May 15, 2025 / Neutral, a Madison-based real estate developer, is excited to announce the launch of leasing at Bakers Place. With 206 high-quality, market-rate apartments now available, move-ins are beginning in May. Hines will be managing the property. The project brings 206 high-quality market-rate apartments to downtown Madison, WI within walking distance to the State Capitol, office district, and UW-Madison. Bakers Place will feature state-of-the-art amenities including: a gym with cutting-edge equipment developed in partnership with PKFit and a contrast therapy room; resident library; coworking spaces; terraces with communal gardens, views of the lakes, and grill stations. Smart home locks and package delivery notifications, parking garage with EV charging. Pet wash. A primary care health studio. On-site concierge and community manager. And organic food delivery from local farmers. The apartments feature exposed timber ceilings, high-end finishes, and flexible floorplans ranging from studios to three-bedroom homes. The building was built with the use of sustainable materials like mass timber and is pursuing LEED Silver certification. On the ground floor, Copa Vida, a Californian coffee roaster and café chain, will open its first-ever location outside California, along with an organic shop. The Neutral development team is led by CEO Nate Helbach and CPO Daniel Glaessl "Neutral is thrilled to introduce Bakers Place to downtown Madison. This flagship project embodies our vision for sustainable and healthy living. We've designed a space where you can thrive, featuring a primary care clinic, a fully equipped performance lab, a gym, an organic café, and dedicated areas to study and unwind. Our personalized wellness and fitness programs are tailored to fit your unique lifestyle." said Helbach About Neutral Neutral is a vertically integrated real estate developer building ground-up market-rate multifamily assets in the Midwest region. Neutral has gained global acclaim as one of the leaders in real estate focused on sustainability, resident health, and well-being. Neutral buildings use mass timber and meet the industry's most rigorous sustainability certifications, including Passive House, Living Building Challenge, LEED, and Energy Star. In addition to Bakers Place, Neutral is developing 517 W Main St in Madison, WI, featuring 33 residential units, and Neutral 1005 N Edison St in Milwaukee, WI, with 378 units - the tallest mass timber building in the country. Neutral, headquartered in Madison, was founded in 2020 by Nate Helbach and Matt Frazer. For more information, visit About Hines Hines is a leading global real estate investment manager. We own and operate $90.1 billion of assets (includes both the global Hines organization and RIA AUM as of December 31, 2024) across property types and on behalf of a diverse group of institutional and private wealth clients. Every day, our 5,000 employees in 30 countries draw on our 68-year history to build the world forward by investing in, developing, and managing some of the world's best real estate. To learn more, visit Contact Information Daniel Glaessl Partner and Chief Product Officerdg@ SOURCE: Neutral press release
Yahoo
15-05-2025
- Business
- Yahoo
Bakers Place Apartments Now Leasing in Downtown Madison, WI
206 New Apartments in Downtown Madison Offering Wellness Amenities. MADISON, WISCONSIN / / May 15, 2025 / Neutral, a Madison-based real estate developer, is excited to announce the launch of leasing at Bakers Place. With 206 high-quality, market-rate apartments now available, move-ins are beginning in May. Hines will be managing the property. The project brings 206 high-quality market-rate apartments to downtown Madison, WI within walking distance to the State Capitol, office district, and UW-Madison. Bakers Place will feature state-of-the-art amenities including: a gym with cutting-edge equipment developed in partnership with PKFit and a contrast therapy room; resident library; coworking spaces; terraces with communal gardens, views of the lakes, and grill stations. Smart home locks and package delivery notifications, parking garage with EV charging. Pet wash. A primary care health studio. On-site concierge and community manager. And organic food delivery from local farmers. The apartments feature exposed timber ceilings, high-end finishes, and flexible floorplans ranging from studios to three-bedroom homes. The building was built with the use of sustainable materials like mass timber and is pursuing LEED Silver certification. On the ground floor, Copa Vida, a Californian coffee roaster and café chain, will open its first-ever location outside California, along with an organic shop. The Neutral development team is led by CEO Nate Helbach and CPO Daniel Glaessl "Neutral is thrilled to introduce Bakers Place to downtown Madison. This flagship project embodies our vision for sustainable and healthy living. We've designed a space where you can thrive, featuring a primary care clinic, a fully equipped performance lab, a gym, an organic café, and dedicated areas to study and unwind. Our personalized wellness and fitness programs are tailored to fit your unique lifestyle." said Helbach About Neutral Neutral is a vertically integrated real estate developer building ground-up market-rate multifamily assets in the Midwest region. Neutral has gained global acclaim as one of the leaders in real estate focused on sustainability, resident health, and well-being. Neutral buildings use mass timber and meet the industry's most rigorous sustainability certifications, including Passive House, Living Building Challenge, LEED, and Energy Star. In addition to Bakers Place, Neutral is developing 517 W Main St in Madison, WI, featuring 33 residential units, and Neutral 1005 N Edison St in Milwaukee, WI, with 378 units - the tallest mass timber building in the country. Neutral, headquartered in Madison, was founded in 2020 by Nate Helbach and Matt Frazer. For more information, visit About Hines Hines is a leading global real estate investment manager. We own and operate $90.1 billion of assets (includes both the global Hines organization and RIA AUM as of December 31, 2024) across property types and on behalf of a diverse group of institutional and private wealth clients. Every day, our 5,000 employees in 30 countries draw on our 68-year history to build the world forward by investing in, developing, and managing some of the world's best real estate. To learn more, visit Contact Information Daniel Glaessl Partner and Chief Product Officerdg@ SOURCE: Neutral View the original press release on ACCESS Newswire Sign in to access your portfolio
