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Construction Paused on Milwaukee’s 31-Story Mass Timber ‘Edison’ Over Rising Costs

The developer says tariff and inflation cost spikes triggered a value‑engineering pause.

Overview

  • Neutral halted above‑ground work after completing the foundation at 1005 N. Edison Street in downtown Milwaukee.
  • The company previously announced $133 million in financing for the high‑rise, which includes more than 350 apartments and ground‑floor retail.
  • No timetable has been set for resuming construction, and the developer says the site will be maintained and completed work safeguarded during the pause.
  • The Milwaukee Business Journal reported a dispute between Neutral and general contractor C.D. Smith, and the contractor has not commented.
  • Planned at 31 stories, the Edison is intended to become North America’s tallest mass timber building, with Neutral’s 25‑story Ascent currently holding the title as a Sydney project is expected to set the world mark upon completion.