Proposed skywalk backed [Milwaukee Journal Sentinel]
| By Tom Daykin, Milwaukee Journal Sentinel | |
| McClatchy-Tribune Information Services |
The skywalk would link the company's historic headquarters building at
The proposed annual rent payment hasn't yet been determined, said
The skywalk would cross
Northwestern Mutual in December announced it would buy the
The sale of the seven-story building is to close by the end of 2012, and obtaining city approval for the skywalk is one of the sale contingencies, Randall said. The building is now owned by
The 153,720-square-foot
The company announced plans in September to demolish the 16-story building and replace it with a new building, either downtown or at its
The insurer said company executives have determined that the 500,000-square-foot building, known for its brown color, is facing extensive long-term maintenance costs.
Employees who work in the building will not be relocated until 2013, with the building to be razed by the end of that year. About 100 employees will move to the
The company's process to determine its future space needs is to be completed later this year, company spokesman
Meanwhile, the skywalk plan and impending building purchase amount to "an investment in downtown so those employees can remain in the short term," Randall said.
"We certainly need the skywalk to integrate into the rest of the campus," he said.
The downtown campus includes a building at
___
(c)2012 the Milwaukee Journal Sentinel
Visit the Milwaukee Journal Sentinel at www.jsonline.com
Distributed by MCT Information Services
| Wordcount: | 463 |


Advisor News
- Embracing a family-centric approach to financial planning
- Family communication: Financial planning’s growing blind spot
- Americans aren’t turning retirement plans into action, LIMRA finds
- Ashley Hinson ‘death tax’ story collides with truth
- How advisors can prepare clients for an uncertain retirement landscape
More Advisor NewsAnnuity News
- Investigation finds deceptive sales, churning of annuities targeting postal workers
- Corebridge annuity sales slip ahead of Equitable marriage
- California teachers settle class-action lawsuit over in-plan annuity fees
- Jackson Financial CEO caps 40-year career with blockbuster Q2
- Lumos Insurance introduces the Immediate Care Plan to help families fund long-term care
More Annuity NewsHealth/Employee Benefits News
- California sets aside $250 million for public hospitals. Bay Area officials say it falls far short
- Louisiana hospitals see sharp uptick in uninsured patients after Obamacare subsidies expired
- Louisiana hospitals see sharp uptick in uninsured patients after Obamacare subsidies expired
- CareScout Redefines Worksite Long-Term Care Insurance With a Solution That Goes Further for Employers and Employees
- Next Generation My Care – It’s here … now what?
More Health/Employee Benefits NewsLife Insurance News
- Built to Last: Winston-Salem—a quiet industrial powerhouse
- The silver economy ushers in a new era of life insurance growth
- Family communication: Financial planning’s growing blind spot
- Indiana eyes more oversight of insurance companies' exposure to private credit
- HEALEY-DRISCOLL ADMINISTRATION RETURNS $14.5 MILLION TO HEALTH AND DENTAL INSURANCE CONSUMERS AND BUSINESSES
More Life Insurance News