Northwestern Mutual plans to move 2,000 employees from its Franklin campus to downtown Milwaukee and is seeking city support for a $500 million renovation of a downtown office building it owns to make it happen. Northwestern Mutual chairman, president and chief executive officer John Schlifske said the company is consolidating to encourage collaboration and attendance in the office, versus working remotely. He said the proposed project “nurtures both the culture and the attractiveness of return to campus.” About 70% of Northwestern Mutual employees are in-office during any given day, compared with about 85% before the Covid-19 pandemic, he said. “We want to do everything we can to get back closely to that,” Schlifske told the Milwaukee Business Journal. “We think that 70 (percent) is going to continue to go up, and that’s what we’re trying to accomplish.” Northwestern Mutual would leave its Franklin office campus and the two office buildings in the Milwaukee County municipality, resulting in a smaller physical footprint overall in the region. The 80-acre Franklin property would eventually be added to the life insurance giant’s about $10 billion investment real estate portfolio, and could be sold or leased out to a new company. “We’re growing, we’re […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
