Dwight Capital provides a $114 million HUD-insured loan to convert the 100 East Wisconsin office tower into a 373-unit luxury apartment community in Milwaukee.
Developers Klein Development and MOS R.E. have successfully closed on $114 million in financing to transform the 100 East Wisconsin office building into a 373-unit luxury residential high-rise. The project, which utilizes a HUD 221(d)(4) substantial rehabilitation loan originated by Dwight Capital, marks a significant milestone as the largest multifamily HUD loan ever closed in Wisconsin and the largest of its kind in Dwight Capital’s history. The City of Milwaukee has further supported the redevelopment by providing a tax increment financing package totaling up to $16.6 million.
Located in downtown Milwaukee, the 34-story structure will offer a mix of studio to three-bedroom floor plans, with approximately 20 percent of the units designated as affordable housing. The property, which was added to the National Register of Historic Places in 2025, is slated to become the tallest residential building in Wisconsin upon completion. Residents will have access to amenities including a fitness center, yoga studio, spa, coworking space, and a rooftop pool deck.
Pieper Properties files a $3.9 million permit to convert 26,608 square feet of office space into 25 additional apartments at The Mayer Building in Milwaukee.
Kolbe Windows & Doors completes Evergreen Landing Apartments on 8th, a 102-unit, 44,000-square-foot workforce housing complex in Wausau.
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