Barry Mandel’s Penthouse
From his downtown penthouse, the Milwaukee real estate developer may have the best view in town.
You’d be hard pressed to find a Milwaukee developer who lives the lifestyle he sells as much as Barry Mandel. When he completed his tallest building to-date, the 36-story University Club Tower, Mandel did the next most logical thing, move in. Ditching their Fox Point home, Mandel and his wife bought a two-story, 6,433 square-foot penthouse condominium with a view of both the lake and Downtown. It’s the height of urban living.
Mandel has a reputation as a developer who sweats the details and plays to win. Facing a $25,000 disagreement over the construction costs for the U-Club tower (pared down from a much bigger sum), Mandel agreed to a 100-meter swimming race against Rich Lynch, president of project general contractor J.H. Findorff & Son, to resolve the dispute, with the winner getting the $25,000. Little did Mandel know, Lynch was a former college swimmer at UW-Madison. Following months of training with Olympian Adam Mania, Mandel arrived for the race day in terrific shape, and beating the odds, won by the narrowest of margins.
- Style: Multi-family – Post-modern architecture
- Location: Juneau Town neighborhood (East Town) – east edge of downtown Milwaukee
- Walk Score: 88 out of 100
- Public Transit Score: 66 out of 100
- Street Smart Walk Score: 87 out of 100
- Size: 6,433 sq ft
- Year Built: 2007
- Assessed Value: $3,800,000 (2011)
- Currently listed: No
- 3 bedrooms
- 3 garage parking spots
- 3 full baths, 3 half-baths
Fun Fact: Mandel’s two floors are shared only with a condo belonging to Marcus Corp. CEO Stephen Marcus.
About Barry Mandel
Milwaukee-native Barry Mandel is the president of Mandel Group, Inc., which has developed over $500 million in residential and retail developments in the metro-area since 1991. With a law degree and an insider’s knowledge of city government, Mandel’s real estate expertise is matched only by his political savvy. He’s managed to execute a number of tough deals, including the ongoing development of The North End, a multi-phase “neighborhood by design.” The latest phase required an unusual financing package with WHEDA financing and a loan from the city that was approved by the Common Council after the Department of City Development balked at providing it. He’s also secured financing from the Village of Shorewood for a development under construction, as well as satisfying the demands of both UW-Milwaukee and often difficult-to-please East Siders when his firm developed Cambridge Commons for the UWM Real Estate Foundation.
How Milwaukee Is It?
The condominium is 0.6 miles from Milwaukee City Hall.
More About Barry Mandel
- He Built This City – March 9th, 2012 – Milwaukee Magazine
- Moving Forward in the Downturn – February 28th, 2010 – Milwaukee Journal Sentinel
- Mandel has made mark on downtown Milwaukee – February 10th, 2008 – The Business Journal serving Greater Milwaukee