The Park Lafayette is a two-tower, 280-unit condo project that offers views of Lake Michigan.The project became the property of New York City-based Amalgamated Bank in October when the developer defaulted on its loan. Giuffre, though his company Mallery & Zimmerman SC, is in talks with the bank.
Renaissant Lafayette LLC, the project's developer, filed for Chapter 11 bankruptcy in December with the hopes of keeping the property. The Chicago-based developer asked the court to allow it to continue operating the property while the company restructured.
Giuffre isn't the only investor interested in the property. A number of other developers and investors have expressed an interest. No sale has been confirmed.
Renaissant Lafayette purchased the property in 2005 and developed the two towers.
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