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City plans ambitious residential development along River Place

November 26, 2024 | Monona, Dane County, Wisconsin


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City plans ambitious residential development along River Place
In a recent government meeting, discussions centered around a proposed development plan for a site located at 103100 River Place, which aims to transform the area with the construction of two seven-story residential buildings. The project, spearheaded by DSI Real Estates Group LLC, is set to include between 250 and 270 residential units, marking a significant shift from the current office buildings slated for demolition.

The meeting highlighted the importance of community feedback as the developers seek to refine their plans ahead of a formal application expected to be presented to the planning commission and common council in January. The developers emphasized their commitment to creating a pedestrian-friendly environment, featuring walk-up units and a rooftop amenity deck for residents, while also ensuring the design incorporates durable materials that blend with the urban landscape.

The zoning for the property falls under a community design district, which allows for a planned community development framework. This framework is intended to provide flexibility for phased development while ensuring that the project aligns with the city’s comprehensive plan, which designates the area for commercial use.

Additionally, the project will involve discussions with the community development authority regarding tax increment financing, with the first meeting scheduled for the following evening. The developers expressed optimism about moving forward with construction later next year, pending the necessary approvals.

As the public hearing concluded, the developers reiterated their openness to community input, aiming to address any concerns and incorporate feedback into their final proposal.

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