Renaissant Development Group continues to grow Park Lafayette on the corner of North Prospect Avenue and East Lafayette Place. The 20-story, two-tower condominium development on Milwaukee's East Side, is on schedule and is expected to reach its highest point around July 4. In keeping with industry tradition, project workers plan to hold a "topping off" ceremony, signing their names and placing a commemorative plaque on the top floor of each tower.
"This is a significant milestone for Park Lafayette, and we are excited to be approaching the final stages of this project," said Warren Barr, president of Chicago-based Renaissant Development. "The project is in great shape, and we are looking forward to the day when residents will be able to move into their new luxury condos. We hope they enjoy living in Park Lafayette as much as we have enjoyed building it."
Meanwhile, Mandel Group, Inc. confirmed yesterday via a news release that it was appointed developer in charge of completing the First Place condominium development.
First Place is a 152-unit development at the confluence of the Milwaukee and Menomonee rivers, immediately south of the Historic Third Ward. Construction of the building is nearly complete and occupancies began in November.
"We've spent considerable time examining the building, the floor plans, and the overall potential for the successful completion of this development," said Robert Monnat, Chief Operating Officer for Mandel Group. "Our approach in guiding all future work will specifically focus on creating value for the buyers of units at First Place."
First Place voluntarily filed for receivership in January to provide for the orderly completion of the property and proper payment of construction and development costs. The original developer was previously removed from the project.
Among Mandel's other developments in the Milwaukee area are University Club Tower, a 36-story, $100 million-plus high rise luxury condominium tower on Milwaukee's lakefront; Marine Terminal Lofts, a $40 million development comprising 83 condominiums and 45,000 sq. ft. of commercial space in Milwaukee's Historic Third Ward; and The North End, along the left bank of the Milwaukee River in the Park East corridor.
A life-long and passionate community leader and Milwaukeean, Jeff Sherman is a co-founder of OnMilwaukee.
He grew up in Wauwatosa and graduated from Marquette University, as a Warrior. He holds an MBA from Cardinal Stritch University, and is the founding president of Young Professionals of Milwaukee (YPM)/Fuel Milwaukee.
Early in his career, Sherman was one of youngest members of the Greater Milwaukee Committee, and currently is involved in numerous civic and community groups - including board positions at The Wisconsin Center District, Wisconsin Club and Marcus Center for the Performing Arts. He's honored to have been named to The Business Journal's "30 under 30" and Milwaukee Magazine's "35 under 35" lists.
He owns a condo in Downtown and lives in greater Milwaukee with his wife Stephanie, his son, Jake, and daughter Pierce. He's a political, music, sports and news junkie and thinks, for what it's worth, that all new movies should be released in theaters, on demand, online and on DVD simultaneously.
He also thinks you should read OnMilwaukee each and every day.