Latest news with #Madison-based
Miami Herald
6 days ago
- Business
- Miami Herald
Neutral Announces Groundbreaking for Neutral 1005 N Edison St Project, Tallest Mass Timber Building in the United States to Take Place June 16, 2025
The Milwaukee, WI, residential with retail project charts a path for greener high rises with an innovative, sustainable mass timber construction process MILWAUKEE, WI / ACCESS Newswire / May 28, 2025 / Neutral, the Madison-based real estate developer with a focus on innovative, long-term sustainability, announces an official groundbreaking ceremony for their 1005 N Edison St project, set to become the tallest mass timber building in the United States. An on-site event with speeches by Neutral CEO, Nathan Helbach, and remarks from distinguished guests, including Milwaukee Mayor, Cavalier Johnson, will be hosted on June 16, starting at 2:30 p.m. onsite. RSVP HERE When it opens, Neutral Edison will be 31 stories, with 350 residential apartments (studio, one-, two-, and three-bedrooms), as well as approximately 7,200 square feet of complementary retail space, to downtown Milwaukee. The project will offer tenants a lifestyle focused on health and well-being, including a full floor devoted to a membership club with a fitness center, health clinic, spa, pool, and sauna. The first floor will be a membership workspace and cafe facing the riverwalk with an organic grocery store, and the top floor lounge will offer a demo kitchen, community garden, and entertainment deck with private dining rooms. The project blends exposed mass timber with natural materials and state-of-the-art ventilation systems, creating an environment that nurtures both resident well-being and environmental sustainability. Mass timber - a durable and sustainably engineered wood product - has numerous benefits for the environment, the consumer, and the developer. In producing far fewer carbon emissions than conventional steel or concrete construction, mass timber absorbs carbon dioxide. From a development point of view, mass timber also means less weight and construction waste. The materials used to build Neutral Edison are estimated to reduce the embodied carbon footprint and energy consumption by over 45% compared to conventional buildings of the same typology and use. It will pursue Passive House certification following the PHIUS 2021 Core Standard, one of the leading and strictest certifications for energy-efficient buildings. Neutral Edison will also pursue Living Building Challenge 4.0. Core Certification, focused on sustainable buildings and overall resident well-being. "With the growing interest in longevity and wellness, we are one of the top major projects in the housing rental market offering living environments with this level of on-site health services and attention to sustainability," said Neutral CEO Nate Helbach. "This unique integration is possible through our dedication to investing in enduring quality, community and resident wellbeing." "Using mass timber technology in conjunction with a low carbon, high performing envelope, Neutral Edison sets a new standard for sustainable building design and construction practices," said Daniel Glaessl, Partner & Chief Product Officer. "We couldn't be more excited for the launch of this property with first in class offerings for healthy and intentional living." Groundbreaking Timeline on June 16, 2025: 2:30 PM Event begins (at 1005 N Edison St, Milwaukee, WI)3 PM Welcome speeches by Neutral CEO and remarks by Mayor Cavalier Johnson and Alderman Robert Bauman3:15 PM Ceremonial groundbreaking and photos3:30 - 4 PM Media interviews RSVP HERE ABOUT NEUTRAL Neutral is a real estate developer building ground-up market-rate multifamily assets in the Midwest region, which has gained global acclaim as one of the leaders in real estate focused on sustainability, resident health, and well-being. Neutral buildings use mass timber and meet the industry's most rigorous sustainability certifications. Neutral recently completed Bakers Place projects with 206 rental units in downtown Madison, WI. Headquartered in Madison, Neutral was founded in 2020 by Nate Helbach and Matt Frazer. For more information, visit SOURCE: Neutral press release
Yahoo
22-05-2025
- Automotive
- Yahoo
Vehicle Service Group to Expand Manufacturing Capacity in Madison, Indiana
New automated production line will bring jobs, skills development, and enhance local manufacturing capabilities DOWNERS GROVE, Ill., May 22, 2025 /PRNewswire/ -- Vehicle Service Group (VSG), part of Dover (NYSE: DOV) and leading manufacturer of vehicle lifting and repair equipment, today announced an over $5 million investment in its Madison, Indiana, facility to support the installation of a state-of-the-art automated production line. The new production line is designed to complement VSG's existing manufacturing capabilities and ensure the company can serve the North American market efficiently and reliably. An over $5 million investment in new automation and production equipment will also create new jobs and skills development opportunities for Madison-based team members, enhance production capacity to support growing demand in North America, and improve lead times and product availability for customers served by the Madison facility. "This strategic expansion is part of VSG's global manufacturing optimization strategy to invest in automation, new technologies, and improved quality along with workforce development in our key markets," said Arjun Mirdha, President of VSG, TWG and OK International. "This investment is a testament to the dedication of our Madison team and not only strengthens our ability to serve customers with high-quality products delivered on time but also creates meaningful opportunities for our employees and supports the long-term growth of our operations here in Indiana. We're not just investing in equipment, we're investing in our people who deliver exceptional products and service to our customers, as well as our community, and the future of U.S.-based manufacturing." The project timeline includes equipment installation, hiring, and training of team members, with production ramp-up planned for Q1 2026. VSG has been a long-standing employer in the Madison area, and this latest investment reinforces its commitment to local job creation, workforce development, and economic growth. For more information about VSG and its manufacturing operations, please visit About Vehicle Service Group: Vehicle Service Group (VSG), part of Dover Corporation, is a global leader in vehicle service and repair equipment. Through its trusted brands like Rotary, Forward, Direct Lift and Chief Collision Technology, VSG delivers innovation, quality, and performance to automotive service professionals around the world. About Dover: Dover is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at Vehicle Service Group Contact:David Fischmer(812) 265-9543dfischmer@ Dover Media Contact:Adrian Sakowicz, VP, Communications(630) 743-5039asakowicz@ Dover Investor Contact:Jack Dickens, VP, Investor Relations(630) 743-2566jdickens@ View original content to download multimedia: SOURCE Dover Sign in to access your portfolio
Yahoo
22-05-2025
- Automotive
- Yahoo
Vehicle Service Group to Expand Manufacturing Capacity in Madison, Indiana
New automated production line will bring jobs, skills development, and enhance local manufacturing capabilities DOWNERS GROVE, Ill., May 22, 2025 /PRNewswire/ -- Vehicle Service Group (VSG), part of Dover (NYSE: DOV) and leading manufacturer of vehicle lifting and repair equipment, today announced an over $5 million investment in its Madison, Indiana, facility to support the installation of a state-of-the-art automated production line. The new production line is designed to complement VSG's existing manufacturing capabilities and ensure the company can serve the North American market efficiently and reliably. An over $5 million investment in new automation and production equipment will also create new jobs and skills development opportunities for Madison-based team members, enhance production capacity to support growing demand in North America, and improve lead times and product availability for customers served by the Madison facility. "This strategic expansion is part of VSG's global manufacturing optimization strategy to invest in automation, new technologies, and improved quality along with workforce development in our key markets," said Arjun Mirdha, President of VSG, TWG and OK International. "This investment is a testament to the dedication of our Madison team and not only strengthens our ability to serve customers with high-quality products delivered on time but also creates meaningful opportunities for our employees and supports the long-term growth of our operations here in Indiana. We're not just investing in equipment, we're investing in our people who deliver exceptional products and service to our customers, as well as our community, and the future of U.S.-based manufacturing." The project timeline includes equipment installation, hiring, and training of team members, with production ramp-up planned for Q1 2026. VSG has been a long-standing employer in the Madison area, and this latest investment reinforces its commitment to local job creation, workforce development, and economic growth. For more information about VSG and its manufacturing operations, please visit About Vehicle Service Group: Vehicle Service Group (VSG), part of Dover Corporation, is a global leader in vehicle service and repair equipment. Through its trusted brands like Rotary, Forward, Direct Lift and Chief Collision Technology, VSG delivers innovation, quality, and performance to automotive service professionals around the world. About Dover: Dover is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at Vehicle Service Group Contact:David Fischmer(812) 265-9543dfischmer@ Dover Media Contact:Adrian Sakowicz, VP, Communications(630) 743-5039asakowicz@ Dover Investor Contact:Jack Dickens, VP, Investor Relations(630) 743-2566jdickens@ View original content to download multimedia: SOURCE Dover Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
15-05-2025
- Business
- Miami Herald
Bakers Place Apartments Now Leasing in Downtown Madison, WI
206 New Apartments in Downtown Madison Offering Wellness Amenities. MADISON, WISCONSIN / ACCESS Newswire / May 15, 2025 / Neutral, a Madison-based real estate developer, is excited to announce the launch of leasing at Bakers Place. With 206 high-quality, market-rate apartments now available, move-ins are beginning in May. Hines will be managing the property. The project brings 206 high-quality market-rate apartments to downtown Madison, WI within walking distance to the State Capitol, office district, and UW-Madison. Bakers Place will feature state-of-the-art amenities including: a gym with cutting-edge equipment developed in partnership with PKFit and a contrast therapy room; resident library; coworking spaces; terraces with communal gardens, views of the lakes, and grill stations. Smart home locks and package delivery notifications, parking garage with EV charging. Pet wash. A primary care health studio. On-site concierge and community manager. And organic food delivery from local farmers. The apartments feature exposed timber ceilings, high-end finishes, and flexible floorplans ranging from studios to three-bedroom homes. The building was built with the use of sustainable materials like mass timber and is pursuing LEED Silver certification. On the ground floor, Copa Vida, a Californian coffee roaster and café chain, will open its first-ever location outside California, along with an organic shop. The Neutral development team is led by CEO Nate Helbach and CPO Daniel Glaessl "Neutral is thrilled to introduce Bakers Place to downtown Madison. This flagship project embodies our vision for sustainable and healthy living. We've designed a space where you can thrive, featuring a primary care clinic, a fully equipped performance lab, a gym, an organic café, and dedicated areas to study and unwind. Our personalized wellness and fitness programs are tailored to fit your unique lifestyle." said Helbach About Neutral Neutral is a vertically integrated real estate developer building ground-up market-rate multifamily assets in the Midwest region. Neutral has gained global acclaim as one of the leaders in real estate focused on sustainability, resident health, and well-being. Neutral buildings use mass timber and meet the industry's most rigorous sustainability certifications, including Passive House, Living Building Challenge, LEED, and Energy Star. In addition to Bakers Place, Neutral is developing 517 W Main St in Madison, WI, featuring 33 residential units, and Neutral 1005 N Edison St in Milwaukee, WI, with 378 units - the tallest mass timber building in the country. Neutral, headquartered in Madison, was founded in 2020 by Nate Helbach and Matt Frazer. For more information, visit About Hines Hines is a leading global real estate investment manager. We own and operate $90.1 billion of assets (includes both the global Hines organization and RIA AUM as of December 31, 2024) across property types and on behalf of a diverse group of institutional and private wealth clients. Every day, our 5,000 employees in 30 countries draw on our 68-year history to build the world forward by investing in, developing, and managing some of the world's best real estate. To learn more, visit Contact Information Daniel Glaessl Partner and Chief Product Officerdg@ SOURCE: Neutral press release
Yahoo
15-05-2025
- Business
- Yahoo
Bakers Place Apartments Now Leasing in Downtown Madison, WI
206 New Apartments in Downtown Madison Offering Wellness Amenities. MADISON, WISCONSIN / / May 15, 2025 / Neutral, a Madison-based real estate developer, is excited to announce the launch of leasing at Bakers Place. With 206 high-quality, market-rate apartments now available, move-ins are beginning in May. Hines will be managing the property. The project brings 206 high-quality market-rate apartments to downtown Madison, WI within walking distance to the State Capitol, office district, and UW-Madison. Bakers Place will feature state-of-the-art amenities including: a gym with cutting-edge equipment developed in partnership with PKFit and a contrast therapy room; resident library; coworking spaces; terraces with communal gardens, views of the lakes, and grill stations. Smart home locks and package delivery notifications, parking garage with EV charging. Pet wash. A primary care health studio. On-site concierge and community manager. And organic food delivery from local farmers. The apartments feature exposed timber ceilings, high-end finishes, and flexible floorplans ranging from studios to three-bedroom homes. The building was built with the use of sustainable materials like mass timber and is pursuing LEED Silver certification. On the ground floor, Copa Vida, a Californian coffee roaster and café chain, will open its first-ever location outside California, along with an organic shop. The Neutral development team is led by CEO Nate Helbach and CPO Daniel Glaessl "Neutral is thrilled to introduce Bakers Place to downtown Madison. This flagship project embodies our vision for sustainable and healthy living. We've designed a space where you can thrive, featuring a primary care clinic, a fully equipped performance lab, a gym, an organic café, and dedicated areas to study and unwind. Our personalized wellness and fitness programs are tailored to fit your unique lifestyle." said Helbach About Neutral Neutral is a vertically integrated real estate developer building ground-up market-rate multifamily assets in the Midwest region. Neutral has gained global acclaim as one of the leaders in real estate focused on sustainability, resident health, and well-being. Neutral buildings use mass timber and meet the industry's most rigorous sustainability certifications, including Passive House, Living Building Challenge, LEED, and Energy Star. In addition to Bakers Place, Neutral is developing 517 W Main St in Madison, WI, featuring 33 residential units, and Neutral 1005 N Edison St in Milwaukee, WI, with 378 units - the tallest mass timber building in the country. Neutral, headquartered in Madison, was founded in 2020 by Nate Helbach and Matt Frazer. For more information, visit About Hines Hines is a leading global real estate investment manager. We own and operate $90.1 billion of assets (includes both the global Hines organization and RIA AUM as of December 31, 2024) across property types and on behalf of a diverse group of institutional and private wealth clients. Every day, our 5,000 employees in 30 countries draw on our 68-year history to build the world forward by investing in, developing, and managing some of the world's best real estate. To learn more, visit Contact Information Daniel Glaessl Partner and Chief Product Officerdg@ SOURCE: Neutral View the original press release on ACCESS Newswire Sign in to access your portfolio
