Workers with J.H. Findorff & Son Inc. recently began construction of The Moderne, a 30-story building that will be built southwest of Old World Third Street and Juneau Avenue in downtown Milwaukee.
“We’re in full 100 percent construction phase,” said Rick Barrett, the developer for The Moderne.
A groundbreaking ceremony to celebrate the start of the construction project will probably be held in February, Barrett said.
The Moderne will be a 30-story building with 203 apartments, 14 condominiums and first floor retail space. The AFL-CIO Investment Trust provided a $42 million loan, backed by the U.S. Department of Housing and Urban Development’s 221(d)4 program, and the city of Milwaukee provided a $9.3 million loan.
The construction schedule for the project is 22 months, which means the project is scheduled to be completed at the end of October, 2012. However, Barrett said, “we’re going to try to shave some time off of that.”
The project will be topped off by Christmas, Barrett said.
“We will have the structure in place in 12 months,” he said.