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
68°
H 82° L 59°
Clear | 5MPH

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

» Police chase, gunfire began with Porsche stolen at gunpoint Updated:  8/1

» Tochi in Shorewood is closing 7/31

» Lipscomb selected to replace Dimitrijevic as board chair 7/30

» Football coach Drake Zortman leaves Shorewood/Messmer for Homestead Updated:  7/29

» Senior-heavy Nicolet baseball team showed improvement this season 7/29

» Shorewood baseball team struggles with youth 7/29

» Whitefish Bay memorializes woman killed in crosswalk Updated:  7/29

» Brown Deer baseball team hung together despite tough season 7/29

» Shorewood debates trick-or-treat times Updated:  7/29

» Glendale evaluates city hall improvements 7/28

» 'Milwaukee lion' spotted in Glendale Updated:  7/28

» North Shore communities react to state ban on municipal home inspections at time of sale 7/27

» Brown Deer closes on sale of former American TV and Appliance building 7/27

» Woman robbed at gunpoint at Brown Deer bank 7/27

» Bizarre play leads to Homestead "9" sectional loss to Falls 7/22

» North Shore area baseball teams drop tough regional contests 7/22

» Whitefish Bay baseball team comes up just short of Falls in regional thriller 7/22

» Brown Deer municipal buildings need improvements 7/22

» The Suburban 16 Power Rankings: Watt, Niebrugge, and others on the next level 7/22

» Mequon seeks to develop 13 acres in town center district 7/22

» Niebrugge makes Homestead High proud again with finish at British Open 7/22

» Thiensville apartment developer agrees to consider smaller condominium development 7/22

» Whitefish Bay man allegedly charged officer with knives, screamed 'kill me' in officer-involved shooting 7/21

» Initial Reaction Podcast: A dumb-sports-fan's guide to the Bucks arena financing situation 7/21

» JCC Maccabi Games will bring 1,000 teen athletes to the North Shore 7/21

View All Posts Got a tip? Welcome rss

Advertisement

Advertisement

Advertisement

Local Business Directory

CONNECT    

Most Popular