Siegel-Gallagher Awarded Management Assignment for Wisconsin Tower
- Aug 19, 2008
By Erika Schnitzer, Associate EditorMilwaukee–Siegel-Gallagher Management Co., a division of Siegel-Gallagher ONCO International, a Milwaukee-based full-service commercial real estate firm, has landed the management assignment for Wisconsin Tower, a 74-unit, 22-story condo tower.“I think the Board of Directors selected us because we mostly do high-rise management and we are associated with two other really high-end condos–Kilbourn Tower and University Club Tower,” says Kris Ruka, property manager for Wisconsin Tower.Wisconsin Tower is an adaptive reuse of the Mariner Tower, which was used as commercial and medical space, until it was sold in 1971. Originally designed by Chicago-based Weary and Alford, the development’s lobby, which is almost all original, is inspired by the Art Deco period and is reminiscent of 1930s Milwaukee. The rooftop’s steel tower is now illuminated at night by LEDs.In 2004, City Real Estate Development bought the property and began converting the building into condos. The development, which was the tallest skyscraper built in Milwaukee during the 1920s, offers mostly one- and two-bedroom units, in addition to two three-bedroom, build-out penthouses. Prices range from $150,000 to $1,005,000 for a 3,948-sq.-ft. penthouse.Residences offer stainless steel appliances, custom granite countertops, hardwood floors, granite bath floors, custom maple and cherry cabinetry and balconies. Additional amenities include underground heated parking and a sixth-floor green roof terrace with a courtyard, grilling area and dog walks. The second floor of the development offers a fitness center, private party room, guest suites, office spaces and storage lockers, and the ground level has space for a restaurant.The property, which is currently 81 percent sold, is in close proximity to Marquette University, Bradley Center and the Grand Avenue Mall.