La Crosse, WI – Copper Rocks, a mixed-use real estate development featuring market-rate apartments in six buildings, 30,000 Sqft of commercial and community space, and an outdoor green space, is still in the works. No changes have been made to the plan other than the anticipated date for the groundbreaking at the former Kmart site at the corner of Losey Boulevard and State Road.
An unforeseen rise in construction costs over the past 12-18 months, as well as some supply chains of critical building components, have constrained movement on this project.
Rising interest rates have escalated the nationwide demand for multifamily housing, impacting the La Crosse area. The Copper Rocks development adds supply with 206 market-rate studios, 1, 2, and 3-bedroom apartments. Three Sixty Real Estate Solutions Development Director, Jeremy Novak, states “This is something the neighborhood and community are excited about. The community will ultimately see all of the benefits we envisioned initially. It is a matter of when we start, not if.”
Three Sixty’s core value of only developing and managing projects that positively impact the communities they serve extends to customers, employees, and investors. Novak continued, “We are still actively working to get this project started, but it’s more important to get it right than to get it done quickly.”
Consistent conversations and updates with city staff and a watchful eye on market conditions remain crucial. “Once conditions look appropriate, we will be ready to hit the ground running with this much-anticipated project.” Said Novak.
For questions regarding the Copper Rocks development, please get in touch with Jeremy Novak, Development Director: 608-782-7365 or email [email protected].