Land and Space Journal Sentinel business reporter Tom Daykin talks about commercial real estate and development. SHARE

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Mandel Group Inc. has completed its financing for its delayed DoMUS apartment developmen t in the Historic Third Ward, and will begin construction immediately, the firm announced Monday.

The 132-unit, six-story apartment community is to be completed by spring of 2017. It will be at 401 E. Erie St., on what is now a parking lot overlooking the Milwaukee River.

Mandel Group is in discussions with a personal training studio to occupy 4,000 square feet of the ground floor.

The city is providing $295,000 to pay for 50% of the costs of repairing a dockwall on the project site. Property taxes from the $30 million development will pay back those funds. Mandel initially planned to begin construction in the summer of 2014 after the Historic Third Ward Architectural Review Board approved the plan.