website watertownhistory.org
ebook History of Watertown, Wisconsin
River
Mill
Senior
Residences
Built on site of former Globe Mill, abandoned mill was destroyed by fire in 2001
2007
12 19 Approval of conceptual plans for the redevelopment of the former Empire Globe property. The total project will encompass the area along the west bank of the Rock River just north of the Mill Race Terrace Apartment building [former Kusel building] and will go north and include the upper and lower city parking lots on the east side of Water Street from the east end of Emmet Street north to include much of the city parking lots. WDT
2008
02 23 CONCEPTUAL PLANS REVIEWED
The Watertown Plan Commission Monday reviewed
the conceptual plans for the proposed River Mill Development along
South Water Street, and some members brought up concerns about the potential
parking problems that could occur. River
Mill Investments LLC is in the process of considering the property for a mixed
use of development and has until May 15 to sign an offer to purchase contract. The city of Watertown purchased much of the
property from Larry Mistele for $550,000 and in
addition paid $55,000 to Kohlenberg Properties of
Oconomowoc for signing that firm’s offer to purchase over to the city. The city’s land investment totals $605,000.
05 29 Plans for the proposed $30 million River Mill development project along South Water Street could have potentially hit a snag. According to Watertown Mayor Ron Krueger, Common Bond Properties did not receive the financial assistance it had applied for in February from the Wisconsin Employment and Training Association. Krueger does not know the exact amount Common Bond Properties had applied for, but he did say the lack of government assistance has caused the developers to re-evaluate the project. “The developers for River Mill are now revisiting and relooking at if they can go forward as a private project without a government grant in there,” Krueger said. WDT
2010
Signage on architectural drawing has
“River Mills” but development has always been referred to as “River Mill”
New homes for seniors to revitalize downtown as CommonBond announced the closing of financing for a new development of senior housing in Watertown.
|
QUICK FACTS |
“CommonBond continues to be
invited to meet the growing need for affordable homes in Wisconsin. In Watertown the city council wanted to both
meet the needs of area seniors and also expand the economic impact of their
downtown area. CommonBond
will create River Mill to serve a wide range of seniors and blend in with the
historic district. “
The development will be the first phase of the new
downtown riverfront redevelopment.
Subsequent phases will include additional affordable
and market rate housing and retail development, surrounding a waterfront park.
In exchange for the City of Watertown’s generous
donation of land and capital, CommonBond will also be
constructing a public river walk along the side of the building that will be
connected to future river walks in the downtown district.
Cross Reference: Watertown Riverwalk Plaza
The River Mill development will be characterized by
its quality and the level of amenities it offers to seniors of different
incomes. From scenic views, quality
construction, and range of affordability, River Mill will be the first housing
of its kind in the Watertown area.
|
Planned amenities
include: |
Business center including public access computers CommonBond Advantage Center Management office Numerous lounges Beautiful views of the river |
|
Fitness Room Underground parking Community room with kitchen/fireplace Salon Elevator |
“CommonBond thanks all River Mill partners,
including WHEDA, the Federal Home Loan Bank of Chicago sponsored by M&I
Bank and USBank for providing the financing to make this development
happen. A special thank you to the City
of Watertown and community members for welcoming and strongly supporting these
new homes and CommonBond Communities.”
Architect: Zimmerman Architectural Studios
Contractor: VJS Construction Services
Derived in part from CommonBond website.
History of Watertown, Wisconsin