Barrett releases details on Northwestern Mutual expansion

CREATED Dec. 6, 2012

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  • Here are another view of Milwaukee's own di Suvero at O’Donnell Park -- "The Calling," shot from behind and looking west, with the Northwestern Mutual Life Insurance buildings, the Cudahy Tower and University Club Tower in the distance. Image by Benny Sieu

MILWAUKEE - Milwaukee Mayor Tom Barrett unveiled a plan for a new high rise office building downtown, an expansion by Northwestern Mutual.

The structure will be 35 stories high and cost about $300 million.

"Northwestern Mutual will pay for the construction and then over the course of years as it pays its taxes, a portion of those taxes will be returned to offset the investment we are making," says Barrett.

The mayor released details to the public Thursday during a press conference with other city leaders.

Northwestern Mutual is replacing its current 16 story building at the same location.