The Edison: Milwaukee Mass Timber Building Secures $133.3M Financing
📰 (06 JANUARY 2025) | Neutral announced it has secured $133.3 million in construction financing for The Edison, a 378-unit luxury mass timber sustainable development project in the heart of Milwaukee.
🌲 Sustainable Building Standards Using Mass Timber Technology
The Edison is on track to become North America's tallest mass timber hybrid structure, standing at an impressive 31 stories.
But there's more to this building than its height.
This project represents Neutral's commitment to redefining conventional development. And its contribution to advancing sustainability and well-being goes beyond mass timber.
🌿 More key aspects and features:
- Passive House Certification | The Edison will pursue Passive House certification from PHIUS 2021 Core Standard, one of the leading and strictest certifications for energy-efficient buildings.
- Living Building Challenge | The Edison will also pursue Living Building Challenge 4.0. Core Certification, focused on regenerative buildings and overall resident well-being.
- Reduced Carbon Footprint | The building's materials and sustainable strategies, such as geothermal cooling and district-level heating, are estimated to reduce the embodied carbon footprint by 17% and the operation carbon footprint and energy consumption by 45% compared to similar conventional buildings.
- Luxury Meets Sustainability | The development will offer 378 market-rate units (totaling 308,913 residential rentable square feet) and world-class amenities, including a sky-floor lounge, wellness facilities, and community spaces for modern living.
💚 Investing in a Sustainable Future
The Edison's blend of exposed mass timber and natural materials, combined with the highest sustainability certifications and standards, will revolutionize urban multifamily living.
Neutral is excited about Edison's position in the market.
With positive population growth, the development is in a unique position and potential as one of the only luxury high-rises set to deliver in downtown Milwaukee in 2027.
🤝 A Collaborative Effort
CEO Nate Helbach, CPO Daniel Glaessl, and CTO Matt Frazer lead the Neutral development team.
The Edison is the result of a collaborative effort among various partners:
- Development: Neutral
- Financing Partners: Bank OZK, Pearlmark, and JLL
- Architecture: Hartshorne Plunkard Architecture
- Construction: C.D. Smith Construction
👷 Looking Ahead
While an exact groundbreaking date hasn't been announced, construction start is tentatively planned for late Q1 or early Q2.
Stay tuned for more updates from Neutral and C.D. Smith at IN THE NEWS on The Edison page at https://www.cdsmith.com/the-edison#news.
Date: January 24, 2025 | Author: Tracy Lisowe
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Neutral Secures $133.3 Million in Construction Financing for The Edison | Neutral Press Release 01.06.2025
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WHAT IS MASS TIMBER CONSTRUCTION? QUICK FACTS from C.D. SMITH
Mass Timber construction is an energy-efficient alternative to high-rise and commercial buildings. Wood is a natural, renewable and sustainable material for building, with a lighter carbon footprint than steel or concrete. Not only does it...(continue to mass timber construction page of cdsmith.com).
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