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Gorman & Co. has completed the Park East Enterprise Lofts, a live/work complex in the heart of Milwaukee. The $12.5-million project was developed in an effort to spur economic development and residential revitalization.

The four-story building features a mix of live/work units and apartments as well as 2,600 square feet of retail space and common areas. Construction has not yet been completed on the community's retail space but is expected to end in spring 2007.

"This is the first residential development in the downtown urban center in the redevelopment district," Tom Capp, COO of Gorman & Co., told MHN. "The project has been made possible by an expressway that was torn down. Its most defining feature is the combination of separate residential and commercial doors to its live/work units, which have signage on the street."

The 85 one-, two- and three-bedroom residential units range from 795 to 1,290 square feet and rent from $565 to $1,125 per month. More than 75 percent of the units are being offered below market rate. All units feature central air conditioning and some include patios and vaulted ceilings.

Amenities include a business center, movie theater, fitness center, rooftop deck, two conference rooms and a community room with a kitchen and fireplace.