Milwaukee-based Mandel Group Inc. this week is hosting grand opening events for One Apartments, the first building that the firm has completed in its The North End development at the southwest corner of Water and Pleasant streets, the former Pfister & Vogel tannery site along the Milwaukee River in downtown Milwaukee.
One Apartments is a five-story building with 83 apartments and 12,000 square feet of retail space.
It will probably take 3 to 5 more years to fully build out The North End project, which will have a total of 7 or 8 buildings. Mandel Group is planning for about 500 total residential units for the development. The company has shifted its emphasis in the project to apartments because the downtown condominium market has softened dramatically and there is an oversupply of downtown condos.
