Destroy This Building, NML Declares
A second NM building, at Wells and Van Buren, is also being torn down.
Northwestern Mutual is in the process of removing not one, but two buildings from downtown Milwaukee’s landscape. Deconstruction of the what NML refers to as the East Building can be seen from all over downtown as a tower crane hovers above. Once deconstruction is complete NML will begin work on the $450 million, 32-story, 1.1 million square-foot Northwestern Mutual Tower and Commons which will built on the site.
But a second lesser known NML demolition project is also underway, just blocks from the tower site. At the corner of E. Wells St. and N. Van Buren St., 795 N. Van Buren St., an odd little building has come to the end of its life and is being torn down.
What is to become of the site?
In October Michael Horne reported that according to John Gardner of NML, the company’s, “long-term plan for the property has yet to be determined, but we’ll retain it as part of our investments.” Gardner says the site is part of Northwestern Mutual’s general investment account, “which includes approximately $5.8 billion in real estate equities that we manage to create long-term value for our policyowners and build on our financial strength.”