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After a rise in interest rates and construction costs the Kmart apartment project has been delayed

LA CROSSE (WKBT) "The last 16 to 18 months interest rates have really significantly increased as well as construction costs," said Three Sixty Development Director Jeremy Novak. ....

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Cottage Grove's Cedarhurst Mansion to be redeveloped

Cottage Grove’s Cedarhurst Mansion to be redeveloped
Bob Shaw
© Provided by Twin Cities Pioneer Press
Cedarhurst, a post-Civil War mansion that has hosted three presidents, is seen in Cottage Grove in a Dec. 19, 2007, file photo. (Jean Pieri / Pioneer Press)
The 154-year-old Cedarhurst Mansion property in Cottage Grove has been sold and is being redeveloped.
The mansion one of the state’s more important historical buildings was purchased by Three Sixty Development LLC of LaCrosse, Wis. The company intends to restore the mansion and develop the 13-acre site with new construction that might include apartments and a restaurant.
“We want to get started later this year,” said Jeremy Novak, chief development officer. “The mansion is the diamond for the development. It is also noose around our neck.” ....

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