Renaissant filed for bankruptcy on December 23.
In October, New York City-based Amalgamated Bank sued Renaissant, asking the Milwaukee Circuit Court to take possession of the 281-unit development and name a receiver. Renaissant defaulted on its $100 million construction loan. The court named a receiver but with limited power. However the bankruptcy filing negates that court order.
The Park Lafayette is a 20-story, 281-unit building going up along North Prospect Avenue and East Lafayette Place. Only eight units have been sold outright, 13 are under a rent-to-own plan According to a Milwaukee Journal Sentinel article, Renaissant's court filing says is has 39 units under contract.
Renaissant's court documents listed its assets as totaling $60 million. Its debts total $106 million.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
