Situation
A parcel next to Greenway Station, a 51-acre outdoor lifestyle retail center in Middleton, Wisconsin, sat undeveloped for nearly 10 years due to a plummeting real estate market. A local development firm saw an opportunity to transform the property into market-rate residential living and turned to Husch Blackwell to structure, manage and close the $15.7 million deal.
Result
Our work included securing project approvals, structuring the project as a commercial condominium, resolving title issues and assisting with multiple rounds of financing, including construction and tax increment financing (TIF).