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Plats and Parcels: Riverwest Hostel Becoming Cooperative Housing Facility


Plus: Wisconsin Center District sells debt for expansion.
By
Jeramey Jannene - Dec 13th, 2020 04:16 pm
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Cream City Hostel. Photo by Jeramey Jannene.
The COVID-19 pandemic decimated travel across the globe, and Milwaukee’s first hostel was not immune to the effects. Cream City Hostel closed its doors earlier this year amidst the travel slowdown.
But the building at 500 E. Center St. didn’t go dark. Bader Philanthropies is backing a new cooperative housing model built from the hostel’s infrastructure. The organization is providing a low-interest $450,000 loan to support the building’s conversion and retire existing debt. Milwaukee Area Cohousing is providing support on the conversion. ....

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