Eyes on Milwaukee
BMO Harris Breaks Ground On 25-Story Tower
$132 million office tower across from City Hall will be Milwaukee's 12th tallest building.
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$132 million office tower across from City Hall will be Milwaukee's 12th tallest building. Back to the full article.
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How’d they do the deal so fast and with such vigor? Must’ve been all those recent laws the state passed to exempt the banking services sector located within 500 ft of the main offices of a first class city from building code, environmental, and demolition permit regulations along with a fast track legal resolution path to dissuade any project challengers. I mean, that’s how business gets done, right? No major corporations would even dare make an investment of this magnitude without it, would they? Meanwhile, in Mt. Pleasant…
Something doesn’t add up. This article says bmo occupies almost all of the 280,000 sq ft current building but will occupy 123,000 sq ft in the new building. And they will consolidate more workers into the new building. Either they are seriously shrinking the offices and cubicles or there is a serious error in this story. Can someone confirm what is really happening?
@Ken – Over-simplification on my part. While BMO is the sole tenant in their current building, there is likely substantial empty space. Godfrey & Kahn occupied 91,000 square-feet in the building until last year (before moving to 833 East, another Irgens project ironically)
That puts BMO under 200k in the building, which when you look at the saving’s ratio Michael Best is achieving moving into the new building (90k to 59k), seems reasonable that BMO could fit into 123k.
Not, by merit of its location, a skyline changer, but I otherwise really like it.
If only we could have moved it a few blocks east… but there was sound financial reasoning for building it here.
Can’t wait to see it rise!
They are doing several things, first getting rid of almost all offices and putting staff into mini sized cubes…. also if you look at the floors they are on now, there are many empty offices / cubes, so while they have a big space, most of it is wasted, so between cutting space allocated to each employee by shrinking work areas along with the number of positions moved to Chicago, this will fit