WHO: Nakoma Development LLC and Enterprise Community
Investment, Inc.
WHAT: Ribbon cutting and unveiling of permanent entryway signage
for Parmenter Circle
WHEN: Friday, October 19, 2007, at 10 a.m.
WHERE: Parmenter Circle, 2310 Parmenter Street, Middleton, WI
GUEST SPEAKERS: Kurt Sonnentag, Mayor, City of Middleton
Sanjeev Jaipuriar, Director, Tax Credit Syndication,
Central Region, Enterprise Community Investment, Inc.
Bill Boerigter, Multifamily Manager, Wisconsin Housing and
Economic Development Authority
Mary Wright, Vice President, Johnson Bank
BACKGROUND:
Nakoma Development LLC and Enterprise will announce the grand opening of Parmenter Circle, a 50-unit mixed-income apartment complex near downtown Middleton, providing 40 affordable and 10 market-rate apartments at the site of a former motel on Highway 12. The four-story building is the first Enterprise Green Communities initiative property built in Wisconsin and includes green and luxury amenities at rents affordable to working individuals and families.
Nakoma Development, LLC, is a private development group started in 2005 by Robert Schwarz and Robert Gake, and is based in Madison, Wisconsin. Mr. Schwarz has extensive experience in finance and development of workforce housing. Robert Gake is a licensed mechanical engineer and finance professional and has experience with HVAC design and energy efficiency systems.
Enterprise is a leading provider of the development capital and expertise it takes to create decent, affordable homes and rebuild communities. For 25 years, Enterprise has pioneered neighborhood solutions through public-private partnerships with financial institutions, governments and community organizations. Enterprise has raised and invested $8 billion in equity, grants and loans to finance more than 225,000 affordable rental and for-sale homes. Enterprise currently invests in communities at a rate of $1 billion a year. Visit www.enterprisecommunity.org and www.enterprisecommunity.com to learn more about Enterprise’s efforts to build communities and opportunity.
