San Diego investor purchases parking lot near Bucks arena site

Last updated on May 15th, 2019 at 05:05 pm

The 75-stall lot is located along the Milwaukee River, south of West Juneau Avenue and across the street from The Moderne apartment and condo tower. The site is also about a block east of the proposed site for a new arena for the Milwaukee Bucks.

MVP REIT plans to hire a parking operator and anticipates financing approximately 60 percent of the purchase price, according a filing with the U.S. Securities and Exchange Commission.

The company also purchased a 54-stall lot in March at 822 N. Old World 3rd Street for $1 million.

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