Mandel Group Inc. is receiving $24.1 million in low-interest loans through the Wisconsin Housing and Economic Development Authority (WHEDA) for the second phase of its North End project in downtown Milwaukee. The tax-exempt bonds will be issued by WHEDA and sold to individual investors. The $38 million project will consist of two, five-story buildings with a total of 155 apartment units and 2,300 square feet of retail space. The buildings will be constructed along the Milwaukee River at Water and Pleasant streets in the Park East corridor. Mandel is also still in negotiations with the city of Milwaukee for a loan for the project. The first phase of the North End was an 83-unit apartment building with 12,000 square feet of retail space.
