A vacant 8.25 acres of city-owned land north of the Remington Detention Pond could soon be the home for a multifamily housing development.
The Antigo Plan Commission voted Tuesday to see proposals from developers to potentially develop the site on the west side of North Hogan Street. The Committee of the Whole will discuss the matter next week.
Mark Desotell, director of administrative services, said the city has been approached by developers currently considering Wisconsin Housing and Economic Development Authority (WHEDA) applications for multifamily development.
(The City) Council previously approved the development of 40-60 market-rate apartments at this location with SC Swiderski, Desotell wrote in a memo to the mayor and council. ?That proposed development agreement was suspended after Swiderski sold their 88-unit site know as Prosser Place Apartments to Diamond Property Management.?
Desotell said the request for proposals (RFP) was recommended to better define any competing proposals that may guide the city in deciding how to proceed with the site. Development can include all or part of the site.
He said a review of current occupancy rates of local apartment complexes showed only 25 vacancies out of 625 units for a 96% occupancy rate. Also, a call to area Realtors indicated about 30 homes for sale.
I feel that it is an appropriate time to once again consider this type of development and recommend that this RFP be distributed for consideration of an affordable housing development at this location,? Desotell said.
Expectations are that the site will contain single-family, multifamily or a combination. Units must range from one to three bedrooms, and an outdoor play area is necessary.
Rental units must include attached garages with apartment access from the garage for each unit, professional management, site maintenance, additional parking areas and in-unit laundry facilities.
The city is proposing a price of $5,000 per acre, but the sales price will not be the only factor to be considered.
RFPs would be opened at 10 a.m. Wednesday, Oct. 14, at City Hall.