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Council approves developers agreement for 408‑unit multifamily project at Paradise Drive and River Road
Summary
The common council approved a developers agreement with Fiduciary Real Estate Development for a 408‑unit multifamily project (SP‑26‑006). Council confirmed the agreement covers public‑right‑of‑way improvements for phase one (Lot 1, 256 units) and said lot two development will follow after required improvements are complete.
The City of West Bend common council on July 6 approved a developers agreement (SP‑26‑006) with Fiduciary Real Estate Development for a multifamily project totaling 408 units on roughly 64 acres at the southwest corner of East Paradise Drive and South River Road.
Planning staff (John) said the planning commission approved the project in April and that the developers agreement focuses on public improvements—turn lanes and roadwork—within the public right-of-way on Paradise and River Road. Staff confirmed the agreement applies to phase one (Lot 1), a 25‑acre parcel proposed for 256 apartments; lot two will be connected via the first phase and, according to staff, would not necessarily require a separate development agreement provided the public improvements covered in phase one are completed.
"This really just addresses those things within our public right-of-way that they're installing for their development," John said, adding the developers must complete improvements in phase one before proceeding to phase two.
Council members asked for clarification about whether lot two would require a separate agreement and were told the present agreement is intended to address the road infrastructure for phase one. After discussion the council moved, seconded and approved the development agreement by voice vote.
The agreement includes provisions for developer responsibilities, public improvements, rights and restrictions and requires the developer to build and fund specified turn lanes and roadway improvements as part of phase one.
