Company proposes 88-unit independent senior complex

By Brandi Makuski

A mixed-use apartment complex is being proposed for the 1400 block of Water St.

A proposed five-story, 88-unit complex aimed at independent seniors includes covered parking on the first floor and covered balconies, along with space for “active non-residential uses” facing Water St.

Plans call for 106 bedrooms, an outdoor patio area, and 57 parking spaces on a little over one acre of land currently used as a municipal parking lot located behind The Word Church on Clark St.

General Capital Acquisitions, based in Fox Point, Wis., doesn’t yet own the property but will purchase the city-owned parking lot if their plans are approved by the Stevens Point Plan Commission on Monday.

If approved, construction is expected to be complete in 2020.

Community Development Director Michael Ostrowski called the proposed development “quite unique”.

“It creates needed housing in downtown and the community, fully¬†utilizes the site, and offers attractive aesthetics from a design standpoint,” Ostrowski said.

According to the building plans, the project is a “podium” style building, with commercial, community space and parking on the ground floor, covered by a pre-cast concrete podium and four floors of apartments.

In its proposal, General Capital Acquisitions said it plans to meet “green building” certification through the Wisconsin¬†Environmental Initiative’s Green Built Home program.

The plan commission meets at 6 p.m. on Nov. 5 in the Community Room of the Stevens Point Police Dept., 933 Michigan Ave. The public is welcome to attend.

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