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Old December 3rd, 2009, 07:53 AM   #21
Paule
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Quote:
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Poor Breakwater Always gettin picked on.
I don't dislike the Breakwater, but I don't love it either. I have come to the point where I actually really like it. As I said in the last Milwaukee photo skyline thread, seeing the breakwater in the skyline has made me like the building more and more. But I still think it's rather bland.
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Old December 9th, 2009, 04:59 PM   #22
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The lights are almost out on the project. HUD has once again denied the loan saying they don't believe the market is strong enough for two appartment towers to go up at the sametime. The developer is going to appeal insisting that there is a market for it.

http://www.jsonline.com/business/78830652.html
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Old December 11th, 2009, 03:26 AM   #23
araman0
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From what I understand there is a strong demand for apartments in downtown Milwaukee. I remember not finding very many good options at all when I was looking for apartments a few years ago.
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Old December 11th, 2009, 07:34 PM   #24
Coldwake
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I think the next big thing we'll see is moderately pricing apartment buildings.
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Old December 12th, 2009, 01:31 AM   #25
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Since I moved to Milwaukee from Madison 6 years ago, I always thought there was a large amount of apartment inventory and choices. Normally overwelmed when it's time to apartment search.
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Old December 12th, 2009, 04:00 AM   #26
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Since I moved to Milwaukee from Madison 6 years ago, I always thought there was a large amount of apartment inventory and choices. Normally overwelmed when it's time to apartment search.
Ok but what HUD sees as the problem here is that the Bookends North is on the same pay scale, concerning rent, as The Moderne, and they believe the Moderne, which will be built, will take care of that niche in the market. The Bookends North is trying to make the case that they are even more high end the The Moderne. To me that is strange. Either way, I agree with Coldwake, moderately priced appartment buildings are the way to go.
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