River District Back Parcel Proposed Development
Developer Sherman Associates out of Minneapolis MN contacted the Village earlier 2014 regarding a proposal to develop the privately-owned rear parcel in the River District located on the south side of Capitol Drive along the east side of the Milwaukee River. Sherman Associates is an award-winning development and property management firm. Over the past 35 years, they've focused on urban renewal and development.
The proposed project is a 4-story, 100-unit senior residence with underground parking. The project will offer many building amenities, including but not limited to a: library, fireside lounge, business center, theater room, game room, fitness center, yoga studio, great room with community kitchen, outdoor swimming pool, and on-site leasing office.
September 2015- raze existing warehouse
May 2016- start excavation/footings/framing
Fall 2016- complete construction