Park East venture gets partial financing. (Trammel Crow Residential Inc./ Milwaukee Redevelopment Corp. joint venture)

Park East venture gets partial financing

The joint venture developing the Park East corridor residential project has landed permanent debt and equity financing for 30 percent of the $85.3 million development.

Last week, officials with TCR/MRC Joint Venture told the Milwaukee County Board of Supervisors' Economic Development Committee that the debt/equity financing, coming from separate sources, provided the most challenging piece to the financing puzzle for the project.

Jon Wellhoefer, executive vice president of Milwaukee Redevelopment Corp., said the joint venture still hoped to meet the county's July 31 deadline for the start of construction on the …