DEVIN ABSHERE / CLARION
Willy Street Co-op's new retail space in the Metropolitan Place Condos is currently on hold.
METROPOLITAN PLACE FORCLOSURE
By STEVEN VAN HAREN
Clarion Staff Writer
La Salle and Associated Banks have
filed mortgage foreclosure actions against
Metropolitan Place and it’s manager,
Clifford Fischer. The documents filed with
the Dane County Court say that Fischer’s
company defaulted on a $43 million loan
and still owes the banks $26 million.
Metropolitan Place is an immense and
prominent condo and retail development
in the heart of downtown Madison, on
the corner of West Washington Avenue
and Broom Street, and the future home of
locally owned organic grocery store, Willy
Street Co-op. |
