Johnson Controls CEO Alex Molinaroli is renovating his Brewer’s Hill home to the tune of $680,000.
Molinaroli filed a building permit with the City of Milwaukee to make alterations at his home, 801 E. Reservoir Ave., on Aug. 7.
He is using Milwaukee architectural firm Vetter-Denk Inc. for the work.
Molinaroli purchased the four-bedroom, four-bathroom 2005 townhome in January 2015 for $814,900, according to city documents. The property is assessed at $949,500.
Glendale-based Johnson Controls Inc. is considering locating a major new office development in the Milwaukee area. Sources close to the project have said the company is interested in a downtown Milwaukee site near the lakefront that will become available when the ramps of Interstate 794 are reconfigured; however, the company has not publicly disclosed any details of the project.
Johnson Controls announced Sept. 18 it would reduce its global salaried workforce by as many as 3,000 people over the next two years. The company did not release specifics on where the cuts would occur but said they would be across all of the business units and corporate functions and not limited to Milwaukee.
