Real estate development firm Irgens will host a groundbreaking ceremony on June 18 to celebrate the start of construction for 833 East, a 17-story class A office building that the firm will build at 833 E. Michigan St. in downtown Milwaukee.
Tenants in the 358,000-square-foot building will include the Godfrey & Kahn S.C. law firm; Colliers International|Wisconsin and Inland Companies; and Irgens’ own offices. Godfrey & Kahn will occupy about 100,000 on the top four floors of the building.
It will take about 20 months to construct the building, so it will likely be complete in early 2016.
The building will be built on a one-acre site currently occupied by a parking structure built in 1951. An affiliate of Irgens bought the property earlier this year from U.S. Bank for $5.4 million.
The site is located just southeast of the 42-story U.S. Bank Center at 777 E. Wisconsin Ave.
The design firm for the 833 East project is Milwaukee-based Kahler Slater and the general contractor for the project is Milwaukee-based CG Schmidt.
A consortium of four banks are providing $71 million in financing for the $105 million project. The PrivateBank and Associated Bank will each provide $24 million in financing and Bank Mutual and Anchor Bank will each provide $11.5 million.
