Ascent MKE: The World’s Tallest Mass Timber Building
Record-breaking. Award-winning. Breath-taking.
Concepted in 2018, started in 2020, and completed in 2022, our 25-story Ascent set a world record and reframed what is possible in the world of construction and design.
The project brand resonated with local and national media, and people all around the world, capturing imaginations and resetting expectations in the world of construction.
The 493K SF mixed-use residential project offers 259 luxury apartments, along with 7K SF of street-level retail and 20K+ SF of amenity space.
Ascent MKE has been featured in:
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• 45% pre-leased at the time of opening
• 90% leased ~12 months after opening (6 months ahead of schedule)
• 60% retention rate (10-20% better than portfolio best and portfolio average)
• 25% of residents cite mass timber as a critical decision factor
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Achieved the first 3-hour fire rating in the US (all other US mass timber buildings are <180')
Sourced 2 million+ lineal board feet of lumber from Austria, navigating logistics challenges through COVID
Secured 14 variances from code officials
Financed the $130m Ascent in 2020 despite capital market meltdown
Secured insurance coverage on tall timber
Achieved 99% accuracy of MEP + mass timber coordination
Leased and Refinanced within 15 months of completion
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Timber + Partners was born from New Land Enterprises, an award-winning company that has developed 29 projects with a value over $650M. New Land manages 2,000 apartments as well as 200k SF of commercial space.
Seeing incredible opportunity, but also a need for a different approach, we formed Timber + Partners to solely focus on mass timber development.