Construction for Park Lafayette, the twin 20-story condo towers being built on the corner of North Prospect Avenue and East Lafayette Place on Milwaukee’s east side, reached its highest point last week.
The developer for the project, Oak Brook, Ill.-based Renaissant Development Group LLC and the general contractor for the project, Brookfield-based Hunzinger Construction Co., held a topping off ceremony to celebrate the construction milestone. The construction project began in October of 2006.
"I know everyone involved feels the excitement as Park Lafayette’s two towers reach further into the east side skyline, and we’re looking forward to the near future when our doors open to residents," said Warren Barr, president of Renaissant Development.
Park Lafayette will have 280 condominiums, priced between $240,000 and $895,000. So far, 83 of the condos have been sold.
The first residents are expected to be able to move into the first tower in January. Both towers will be completed in June 2009.
Financing for the project is being provided by New York-based Amalgamated Bank. The bank serves working-class consumers and trade unions. All of the laborers on the Park Lafayette project are union workers.