After years of delays, financing secured for complicated project to build 44-story lakefront tower. By Jeramey Jannene - May 3rd, 2021 01:18 pm //end headline wrapper ?>The Couture. Rendering by RINKA.
Construction on Milwaukee’s most anticipated real estate development will begin May 5th.
Barrett Lo Visionary Development closed Friday on a $104.7 million loan to support the development of The Couture. The approximately $190 million, 44-story tower will include 322 apartments and 40,000 square feet of commercial space.
The loan comes from Old National Bank. The U.S. Department of Housing and Urban Development is providing a guarantee on the loan.
“This is the largest FHA loan amount HUD has executed in the state of Wisconsin and the largest amount for HUD’s Midwest region since the year 2000,” said HUD spokesperson