Construction could begin as early as this fall on a low-moderate housing project in downtown Appleton.
The City of Appleton says the historic Post-Crescent building on Washington Street will be converted into 69 apartments with a mix of one-, two- and three-bedroom apartments. The project is worth $12 million.
The development is a WHEDA historic tax credit project, with 58 of the 69 planned apartments reserved for low- to moderate-income levels. Low- to moderate-income housing is defined as a family of four making less than $45,180 per year.
Andy Dumke and Cal Schultz of Northpointe Development Corp. will serve as developers for the project. Their company also built the Woolen Mills Lofts along the Fox River, another low- to moderate-income housing project.
In addition to the Woolen Mills, the Crescent Lofts project would join Eagle Flats and Union Square apartments as prime riverfront or downtown living options that are geared toward low- to moderate-income residents and families. Those projects total more than 200 apartments available downtown for those with lower incomes.
The project is expected to be complete in March 2021.