NORTHWESTERN MUTUAL PLANS $300M OFFICE TOWER

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MILWAUKEE — Northwestern Mutual Life Insurance Co. plans to build a new $300 million office tower at its downtown Milwaukee campus. The company is currently seeking a reported $48 million in city financing for the project. The financing would come in the form of a tax incremental financing district. The 840,000-square-foot tower is planned at the site of the company's current office building at North Cass and East Mason streets. Last year, the company said it would demolish the 500,000-square-foot building, which currently houses 1,100 employees, due to significant maintenance costs. Northwestern says the new building will have the capacity for as many as 1,700 employees.

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