The Monona City Council made significant strides in urban development during their April 21 meeting, approving the Riverplace General Development Plan (GDP) aimed at enhancing housing options in the area. This ambitious project, spearheaded by DSI State Group LLC, will transform a 3-acre site at 100 to 300 Riverplace into a vibrant community featuring 227 multifamily residential units across two market-rate buildings.

The council's approval marks a crucial step in addressing the growing demand for housing in Dane County. The phased approach allows for careful evaluation of the first building's performance before proceeding to the second phase, ensuring that the development meets market needs effectively. Council members expressed enthusiasm for the project, highlighting its potential to diversify housing choices and stimulate local activity.

A key aspect of the discussion centered on sustainability. Council members raised questions about incorporating renewable features, such as electric vehicle charging stations and solar energy solutions. The developers assured the council of their commitment to sustainable practices, promising to explore options for green demolition and energy-efficient installations.

In a notable move, council member Doug proposed an amendment requiring the developers to report on the sustainability measures implemented and their associated costs. This initiative aims to enhance transparency and accountability in the project's environmental impact.

As the project progresses, the council anticipates further discussions on tax increment financing, which will be crucial for the project's financial viability. The Riverplace development is poised to not only provide much-needed housing but also set a precedent for future sustainable urban projects in Monona.