Posted Sep 14, 2015, 1:38 PM
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devout Pizzatarian
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Join Date: Jul 2001
Location: Lincoln Square, Chicago
Posts: 29,735
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it looks like i might have dead-filed this one a bit prematurely.
the developer claims he's still actively trying to find financing, so.....
Quote:
Chicago developer still seeking investors for downtown Milwaukee apartment tower
http://www.bizjournals.com/milwaukee...stors-for.html
Chicago developer Bob King said he is still hoping to build a planned $75 million, 37-story apartment tower in downtown Milwaukee, but said large institutional investors that would finance the project have not yet shown much interest in the project.
“I haven’t given up on it yet,” King, president of Carroll Properties, told the Milwaukee Business Journal.
“I’m still excited about Milwaukee and I still think it’s a great plan,” Carroll said. “It’s a $75 million project, so I have to get other people to like it as much as I do.”
Milwaukee’s downtown has been rapidly growing in the past several years, and has attracted more interest from developers from Chicago and beyond. Nonetheless, it is not a top-tier city like Chicago or New York where it is easier to attract financing from national investors who put money into projects across the country.
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"Missing middle" housing can be a great middle ground for many middle class families.
Last edited by Steely Dan; Sep 14, 2015 at 1:56 PM.
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