MILWAUKEE — Milwaukee-based developer Royal Capital Group on Wednesday, May 16 broke ground at the site of its new lofts, “Five Fifty Ultra Lofts” — located on Juneau Avenue near 6th Street.
The program included remarks from Royal Capital President Kevin Newell, Milwaukee Mayor Tom Barrett, Milwaukee Alderwoman Milele Coggs and Milwaukee Bucks’ President Peter Feigin, before the ceremonial groundbreaking.
According to a press release, Royal Capital was selected as the developer for the mixed-use housing and retail development as part of the $1 billion entertainment district.
Tenants of the Five Fifty Ultra Lofts will have access to entertainment and activities both in and around downtown Milwaukee, with well-appointed in-unit offerings and a variety of property amenities to include a rooftop lounge overlooking downtown Milwaukee and the arena, indoor-outdoor fitness gym, a TBD social lounge open to the public, a first-floor flex lounge great for entertaining large crowds, in addition to indoor skywalk access directly into the new arena.
“As developer-owner for the district’s initial housing, we’re excited to get going with Five Fifty Ultra Lofts, and are thrilled to welcome residents to Milwaukee’s new live-work-play zone!” said Newell.
“We are proud to partner with Royal Capital Group on this outstanding project,” said Mike Fascitelli, Milwaukee Bucks’ co-owner. “This new luxury loft building will mark another big step toward creating population density and residential housing for Milwaukee.”