Neutral, a prominent player in the real estate development sector, has successfully secured $133 million in construction financing to support the development of The Edison, a landmark project that will become North America’s tallest mass timber building. Located in Milwaukee, Wisconsin, the development is poised to redefine the city’s skyline and serve as a significant milestone in sustainable architecture.
The financing package is structured with a blend of senior and mezzanine debt. Bank OZK is providing the senior financing, while Pearlmark, a real estate investment firm, is contributing the mezzanine portion. JLL Capital Markets played a key role in facilitating the transaction, leveraging its expertise in securing complex financing solutions for large-scale developments.
Once completed, The Edison will not only stand as a testament to the growing trend of sustainable building practices but also serve as a significant example of mass timber’s potential in high-rise construction. Mass timber, a material made from engineered wood products, offers a more eco-friendly alternative to traditional concrete and steel structures, and has gained attention for its carbon sequestration properties and lower environmental impact.
Neutral’s ability to secure this level of funding in a competitive market highlights the company’s strong execution capabilities and its appeal to investors seeking innovative, sustainable solutions in construction. As interest in green building materials and technologies grows, The Edison could set a new benchmark for future developments in the region and beyond.
The construction of The Edison marks a pivotal moment in both the Milwaukee real estate market and the broader industry, underscoring the increasing importance of sustainability in modern architecture. It also signals a shift toward embracing alternative building methods as the world moves toward more eco-conscious development practices. The success of this financing arrangement is a significant indicator of market confidence in mass timber as a viable, forward-thinking construction material.
