Rooney purchases Hillcrest from Charter Bank
Posted: December 7, 2012
TBL has learned that Jim Rooney, owner of Heartland Homes & Development, closed on the acquisition of the assets of the Hillcrest Golf & Country Club in Altoona from Charter Bank this week. The 161-acre, 18-hole golf course and country club facilities accumulated approximately $2.1 million in debt that was owed to Charter.
"We've met with the Wisconsin Department of Transportation and the cities of Eau Claire and Altoona. We are still exploring site development options," said Rooney, who added that 60 percent of the property will likely be reserved for single-family residential development, 30 percent will be allocated for multi-family use and the remaining 10 percent will be occupied by commercial development.
If the Altoona Plan Commission approves the project, Rooney said he would like to present a finalized plan to the Altoona City Council sometime this spring. "We're hoping to come up with a more complete plan in the next month or two," he said.
"I do not see a scenario where we wouldn't have a lot of green space. The property naturally lends itself to parkland and connectivity issues with existing bike trails," said Rooney, who added that Rick Harrison Site Design of Minneapolis and Advanced Engineering Concepts of Altoona will assist with the final design.
Heartland Homes, which was established in 1997, is owned by Jim and Jennifer Rooney. Heartland is nearing completion of Prairie Park, a 171-unit development on Eau Claire's south side; has just started construction of 80 additional housing units in Willow Creek in Chippewa Falls; and plans a spring, 2013, groundbreaking for Metro Crossing, an 84-unit student housing project at the site of the former Midway Motor Lodge on the south side of Eau Claire. TBL