Latest / Milwaukee News Today | 2 Min News | The Daily News Now!
Cottonwood Buys Park Lafayette Towers | Milwaukee News
Cottonwood Communities just dropped nearly $94 million on Milwaukee’s Park Lafayette Towers — a savvy move that signals big things for the property and the company’s national expansion. Originally built as condos in 2007, the complex hit rough waters during the crash, with only a few units sold before Mandel Group stepped in to convert them into apartments. After a rocky start and even bankruptcy for the original developer, the property rebounded — hitting 90% occupancy by 2011 and now boasting over 95%. With a city-assessed value of just $69 million, Cottonwood paid a premium, using a mix of…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.