Latest news with #Neutral
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
27-05-2025
- General
- Yahoo
International Olympic Committee confirms Russian teams are still banned from 2026 Winter Games
Russia remains prohibited from participating in the 2026 Winter Olympics in Italy. On Tuesday, the International Olympic Committee stated that Russia is still penalized over its invasion of Ukraine in 2022. The IOC made their statement, via Reuters, following reports about participating in the games. The reports suggested that Russian hockey officials engaged in conversations with the International Ice Hockey Federation about next year's event. "The IOC Executive Board recommendation from March 2023 with regard to teams of athletes with a Russian passport remains in place," the IOC said. "It is based on the fact that, by definition, a group of Individual Neutral Athletes cannot be considered a team. We take note that the IIHF has confirmed that it will follow this recommendation." Russia's ban means their dominant ice hockey team will not be competing after impressive performances in recent Olympics. The Russian men bested Germany for the gold medal in the 2018 Pyeongchang Games. Four years later, they finished second to Finland in Beijing. Russia's recent block comes after 15 Russian athletes played in the 2024 Summer Olympics under the Individual Neutral Athlete status. The athletes' participation underwent vetting by the IOC before they competed without the Russian flag and anthem. Earlier this month, the International Skating Union approved four Russian skaters' participation in the Milan-Cortina Olympics. Seventeen-year-old national champion Adelia Petrosian is among the group that received the green light to compete as neutral athletes.
Time of India
16-05-2025
- Business
- Time of India
Liquor makers may see over 10% revenue growth in FY26: Report
Indian alcoholic beverage industry anticipates significant growth. Revenue is projected to rise by 8-10%, reaching ₹5.3 lakh crore this fiscal year. This follows a strong CAGR of 13% in the previous three years. Crisil Ratings forecasts increased operating profitability. Spirits will continue to dominate the market. Urbanization and rising incomes will drive volume growth. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Alcoholic beverage manufacturers in the country are expected to witness a revenue growth of 8-10% at ₹5.3 lakh crore in the current financial year, keeping up momentum after a compound annual growth rate (CAGR) of 13% over the three preceding fiscals, a report said on operating profitability will increase 60-80 basis points (bps), supported by continuing premiumisation, Crisil Ratings said in a industry is dominated by spirits, which contribute 65-70% of total revenue, with the remaining coming from beer, wine and country liquor, said the report. Spirits are alcoholic beverages produced through distillation, whereas beer and wine are made through industry volume will grow 5-6%, driven by urbanisation, an increase in drinking population and rising disposable income, it added."This fiscal, healthy volume and ongoing premiumisation will support revenue growth despite the absence of major price revisions. Revenue from premium and luxury segments, priced at over ₹1,000 per 750 ml, is expected to grow 15%. The contribution from these segments will rise to 38-40% of spirits revenue this fiscal," Crisil Ratings Director Jayashree Nandakumar to the report, higher volumes and realisations are likely to support the profitability of players through better contribution and cost absorption, despite a marginal increase in input major raw material inputs for the spirits and beer segments are Extra Neutral Alcohol and barley, which together account for 60-65% of the total material cost.
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
