Associated Bank backing 3 Milwaukee developments

Special to The Freeman

Nov. 3, 2013

MILWAUKEE – Associated Banc-Corp. has announced it will provide about $45 million in financing for three Milwaukee developments.

The Green Bay-based bank will provide $15,485,000 in financing for Milwaukee-based Wangard Partners Inc.’s Avenir Apartments, a 104-unit project expected to be built at 1477 N. Jefferson St., according to an Associated statement. The project is expected to be finished in September 2014.

Associated Bank will provide $15 million to finance the renovation of the Executive and Stockhouse building at Milwaukee’s Schlitz Park. The historic property will be converted to a 151,00-square-foot multi-tenant office building.

Another $14.5 million will provide financing to Milwaukee-based General Capital Group LLP to finance construction of a 310-bed dormitory for the Milwaukee Institute of Art & Design at 252 E. Menomonee St. Occupancy for the project is slated for August 2014.

Associated Bank’s Corporate Commercial Real Estate division is committed to providing commercial real estate clients with financing solutions, products and services that address development requirements, according to the statement. The real estate division has offices in Wisconsin, Illinois, Indiana, Michigan, Minnesota, Missouri and Ohio.