The 20-story building at 250 East Wisconsin Avenue came under the ownership of Fulcrum 250 E, LLC in 2015, after being neglected by previous owners for many years. Thanks to the combined vision and investment of Fulcrum and Millbrook, the building has undergone a complete revamp and rebrand, and reopened as Two-Fifty on April 27th, 2017.
Tenants at Two-Fifty will enjoy new modern spaces, extensive amenities, stellar views, and ideal location in the Central Business District.
Two-Fifty joined the Better Buildings Challenge pledge amidst the major undertaking of its renovation process. The building's General Manager, Mark Nicholson, knew that in order to be competitive with the market and meet the demands of their tenants, the building needed major upgrades and repositioning and saw the services provided by the program as one solution.
Two-Fifty has been under-occupied building since 2001, but despite low occupancy rates, the building experienced high energy use. Since the building is still under-occupied, energy use is expected to increase. However, even with the recent increase in occupancy, the building's energy usage has decreased with utility bills 30% less than budgeted in the first quarter of 2017.
Moving forward, Two-Fifty plans on participating in the Better Building Challenge program's benchmarking event in August to help keep an eye on the building's energy usage and to get questions answered. Now that the building is up-to-date and open for business, Two-Fifty looks forward to increasing occupancy and working with the Better Buildings Challenge to obtain an ENERGY STAR rating.