Japanese restaurant planned for The Point on the River

A Japanese steakhouse and sushi bar is planned for The Point on the River building at 106 W. Seeboth St. in Milwaukee’s Walker’s Point neighborhood.

Alessio Foracappa and Maria Foracappa plan to open the restaurant, called The Screaming Tuna Restaurant, in a 5,700-square-foot space in the building, with an additional 1,000 square feet of outdoor patio space along the riverwalk.

However, Foracappas were seeking a $700,000 loan from the Milwaukee Economic Development Corporation (MEDC) for the project, but the MEDC Loan and Finance Committee on Tuesday rejected the request. The Foracappas could not be reached to comment on how that would affect their plans for the restaurant.

The 12-story, 147-condominium Point on the River building was originally known as First Place on the River. The project was placed into receivership about a year ago. The original developer, KeyBridge Development, was replaced by Milwaukee-based Mandel Group, which was hired to complete the development for the banks that had loaned money for the project.

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