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New Land to unveil condo tower plans tonight
Published July 17, 2008 - BizTimes Daily
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Milwaukee-based New Land Enterprises LLP will unveil plans at a neighborhood meeting tonight for a new condominium tower development, that would be built next to the historic Goll Mansion at 1550 N. Prospect Ave. on Milwaukee's east side.
Tim Gokhman, director of sales and marketing, for New Land, declined to provide details about the project.
However, a report by WISN-TV Channel 12 says that the building will be 27 stories tall, with one to two condo units per floor. The price of the units will start at about $1 million.
Gokhman did confirm that New Land, which owns the mansion property, is planning a condo tower for the site. He also said that the $60 million project will include a $1 million restoration of the 100-year-old, 10,000-square-foot Goll Mansion, which will be used as a community gathering and banquet facility.
The condo development is necessary to make the restoration project for the mansion feasible, Gokhman said.
"It's the right thing to do to save the mansion," he said. "It's not just a development. It's a development and a restoration of the mansion."
Gokhman said New Land has been meeting with national, state and local historic preservation officials to make sure that the design of the condo tower is appropriate and will compliment the historic mansion building.
A group of residents who live near the mansion have organized an effort to oppose development of a condo tower on the property. Some residents have complained that a condo tower on the property would block some of their view of Lake Michigan.
More details about the project will be unveiled at the neighborhood meeting tonight, which will be held at 6 p.m. at the Wisconsin Conservancy of Music building, 1584 N. Prospect Ave.
