Developers of Lafayette Place have decided to drop their plans--they have been unable to secure financing to make the proposal a reality.
The Lafayette Place proposal was a 32-story, 139-unit condo tower located in a dense low-rise neighborhood on Milwaukee's East Side. It had gone through a few design iterations in order to try to satisfy neighborhood concerns about placing a high-rise in the middle of a low-rise neighborhood. But with other condo developments popping up all over the city, both high-rise and low-rise, Lafayette developers were also weary about flooding the market. They will attempt to develop the vacant lot with something else in the future.
Read all about it from the
Journal Sentinel:
Plans are dropped for condos on east side
I'm actually not disappointed this one has been dropped, as a high-rise was never really suitable for that neighborhood.