MILWAUKEE — Work on the planned 31-story “Edison” mass-timber development in downtown Milwaukee has been halted due to reported cost increases related to tariffs and inflation.
A statement released Thursday, September 18, by the developer Neutral said the halt in work is a “prudent step” in the long run. “Pausing to value-engineer is a difficult but prudent step to safeguard the long-term success of 1005 N. Edison,” said Neutral CEO Nate Helbach. “Our focus remains on delivering a resilient, exceptional building for Milwaukee.”
On Thursday, the Milwaukee Business Journal, which described the work area as a “construction site-turned-ghost town,” reported that a dispute has emerged between Neutral and the project’s general contractor, Fond du Lac-based C.D. Smith. The business journal said that the contractor has not commented on the construction stoppage…