The city of Neenah will demolish a warehouse near Arrowhead Park to make way for a new apartment complex with 236 units, according to the Neenah News.
The city purchased the 1.8-acre warehouse property at 135 Millview Drive for $2.2 million in August using Capital Improvement Project funds. The site, located in Tax Incremental District 10, was bought from JFB RE Holdings 1, an LLC connected to businessman John Bergstrom. Records show JFB RE Holdings 1 had acquired the property earlier that month for the same price.
Community Development Director Kelly Nieforth said the acquisition has long been considered a key step in advancing downtown redevelopment goals.
When combined with two adjacent city-owned parcels, the site will total roughly three acres.
T. Wall Enterprises of Middleton, which previously developed Solaris on Main, plans to construct market-rate apartments on the site. The new development will include a mix of efficiencies, one-, two- and three-bedroom apartments.
Construction is expected to start soon and be completed in two phases. Once the project is complete, it is expected to be valued at $43 million.
