Neutral has secured $133.3 million in construction financing for The Edison, a 378-unit mass timber luxury apartment project in Milwaukee.
JLL worked on behalf of the borrower to secure the senior financing through Bank OZK and the mezzanine financing through Pearlmark.
The Edison, located at 1005 North Edison St., will total 308,913 residential rentable square feet and will offer studio and one-, two- and three-bedroom units as well as approximately 7,200 square feet of complementary retail space. At 31 stories, it is on track to be the tallest mass timber building in North America and one of the tallest mass timber structures globally. The project will feature luxurious units with exposed mass timber, expansive views, designer finishes and an integrated technology package. The project will feature best-in-class amenities including a cafe, fitness center, spa, pool, sauna, demo kitchen, dog park, movie room, community garden and entertainment deck with kitchens. The a
