The Village of Shorewood appears to be close to finalizing deals on two of their key development priorities. A series of closed session discussions on the possible deals is occurring this week, both at the Village Board as well as the Community Development Authority (CDA). The following development projects are under discussion.
-
"Sunrise" Assisted Living Center (at the Riverfront). This site was listed as the #2 priority in
earlier rankings, behind the 4500 Oakland site which is already under contract.
-
The "Lakewood" Building (3575 N. Oakland). Listed as #12 in the list of top 20 development priorities.
More information on both sites is available on this Village document outlining available properties. Both sites were rated as high priority redevelopment sites in earlier documents and comments from VIllage officials. In an April, 2007 interview with the Small Business times, Village Manager Chris Swartz outlined the prioritization process.
“We identified sites that were under-utilized, not well maintained or non-conforming and came up with our top 20 sites,” said Village Manager Chris Schwartz. “We have to look for opportunities - we have to figure out what will be catalytic projects and concentrate on them and try to match developers up with projects."
The CDA meeting is this Friday at Village Hall, and is open to the public, though the specific negotiations on these sites will take place during closed session, according to the published meeting agenda.
