Court approves First Place redevelopment plan

A recent Milwaukee Circuit Court ruling will allow Milwaukee-based Mandel Group to complete the First Place on the River development.

The 152-unit condominium development at 106 W. Seeboth St., Milwaukee, was millions of dollars in debt, the project was placed into receivership and the original developer, KeyBridge Development, was removed from the project.

"Now we can continue to move forward with the completion of the development and sale of the remaining condominiums," said Michael Polsky, the court-appointed receiver for the project.

Mandel Group will re-launch the development this fall. Mandel has retained Garrison Partners, a Chicago-based sales and marketing consultant specializing in urban housing to oversee marketing and sales preparation for the project.

"We’re seeing demand at all price points and are confident that the finished product will be well-received by the market," said Garry Benson, president of Garrison Partners.

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