Milwaukee developer Mandel Group announced Tuesday it has completed assembling a $65 million financing package to construct Element Collective, a 197-unit workforce housing development located in University Research Park.
The development will have a wide range of income-based rental rates.
“Element Collective has been a long journey for us,” Robert B. Monnat, senior partner for Mandel, said in a statement. “After developing huge momentum in 2019, we were stymied first by Covid and then by the combined impacts of inflationary construction costs and prohibitively expensive costs of borrowing.”...
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RSK: The Odana Road/Whitney Way corridors have become a hotbed for multi family development.
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- - Volume: 25 - WEEK: 46 Date: 11/11/2025 10:15:02 AM -