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Highlights of Proposals for Younkers Site

River Center

Summary: John Vetter unveiled his plan for the Younkers site at the RDA meeting on October 11. The plan calls for a building complex centered around public amenities including a town square, children's museum, indoor winter garden, a 5 screen cinema, and a splash park.

Additionally, the plan calls for a hotel, retail, parking, and a significant residential portion. The 14 story residential tower would be aimed at the lower end of the price range to accommodate a high demand for less expensive condos, a demand that Riverfront Lofts and Astor Place do not fill. There may also be an apartment component to the residential section.

Value for the plan is between $56 and $67 million, and would be eligible for TIF funding in the neighborhood of $10 - $11 million. As it stands now, funding will be a challenge for the project, and some negotiations will need to take place to make financing comfortable for both the developer and the city.

For More Information:
Model of River Center with Astor Place in background. The hotel portion of the complex is the on the north side (left) with the residential component to the south (right). The town square recedes back from the river in the area of the model where the tree is.
 
Children's Museum on the corner of Pine and Washington.
 
Town Square area with boardwalk in front.
 
Elevation of west side of riverfront. From left to right: Astor Place, River Center, Riverfront Lofts, Nicolet Bank, and the future office building on the corner of Walnut and Washington.
 

 

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