NOW:53211:USA01012
http://widgets.journalinteractive.com/cache/JIResponseCacher.ashx?duration=5&url=http%3A%2F%2Fdata.wp.myweather.net%2FeWxII%2F%3Fdata%3D*USA01012
23°
H 23° L 9°
Clear | 7MPH

Apartments, retail considered for Shorewood's Riverbrook site

April 26, 2012

Wangard Partners Inc. is considering apartments and retail use for a high-profile development site in Shorewood that it recently bought.

Wangard paid $1.5 million for the 3.2-acre site on the south side of E. Capitol Drive, between the Milwaukee River and the biking trail overpass, said Jimmy Rosen, vice president at the firm.

The site includes a vacant lot on Capitol Drive where the former Riverbrook Family Restaurant, which closed four years ago, was demolished in 2011. It also includes the vacant Sherburn Place Apartments, just south of the lot.

In 2008, McLean, Va.-based Sunrise Senior Living Inc. bought the site for $2.35 million. Sunrise planned to demolish all the buildings and develop an 83-unit assisted living facility. But the recession and credit crunch forced Sunrise to drop that project.

The village last year paid to demolish the former restaurant, which village officials called an eyesore. As part of that agreement with Sunrise, the company paid the village $60,000 to compensate for the demolition costs after selling the land, said Village Manager Chris Swartz.

Rosen said the apartments eventually will be demolished to create more development space. He said Wangard might do the development, or might sell the land to another developer.

The site, and its development prospects, will be discussed at the next meeting of the village's Community Development Authority, on May 4.

The Riverbrook building for over 50 years housed the Pig 'n Whistle Restaurant. It closed in 1992, and was replaced by Riverbrook.

Riverbrook closed when Sunrise bought the property.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Suburban News Roundup

E-mail Newsletter

Your link to the biggest stories in the suburbs delivered Thursday mornings.


Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.

Community Watch

» Paper will be delayed by holiday 11/19

» Candidates for Lisbon post named 11/18

» Mequon teen ODs on alcohol after chugging gin with Cedarburg girls 11/18

» Rebuilt Fox Point footbridge opens 11/16

» Menasha's late score stuns Homestead in state football semifinals, 8-7 11/15

» Goldi shoe and fashion store in Shorewood to close Updated:  11/13

» Interactive North Shore school tax roundup: who's up and who's down in 2015 11/12

» Suburban roundup: Week three of the WIAA football postseason 11/10

» Bayshore neighbors bridle at falling assessments 11/8

» Stunning rally sends Homestead past Cedarburg 11/7

» Preps football photos of the week: Level 3 11/7

» Election roundup: How the Milwaukee suburbs and Lake Country voted Updated:  11/5

» Governor's race draws strong turnout on North Shore 11/5

» Enterprising eighth-grader launches his own publishing press 11/5

» Referendum passes in Glendale-River Hills district 11/4

» Poll: Which area team will win a state football title? Updated:  11/4

» Glendale housing development returns with new access road 11/3

» Shorewood passes sex offender rules 11/3

» Suburban roundup: Week two of the WIAA football postseason Updated:  11/3

» Homestead football team just a little bit better against Bay 11/1

» Falcons come close to knocking off Wisco 10/31

» Preps football photos of the week: Level 2 10/31

» 2 congregations — 1 Jewish, 1 Baptist — collaborate for concert 10/31

» Photo Gallery: WIAA state soccer tourney day one 10/30

» Vets to be honored in Glendale on Saturday, Nov. 1 10/30

View All Posts Got a tip? Welcome rss

Advertisement

Deal Watch - Milwaukee

Milwaukee's Best Discounts & Deals

Advertisement

Local Business Directory

CONNECT    

Most Popular