Plan Commission approves multi-use proposal - City Council to act on the zoning change this week
Posted: October 4, 2013
The City of Eau Claire Plan Commission this week approved a zoning change for property located on Keystone Crossing, just east of Buffalo Wild Wings, for a multi-million dollar retail, office and housing development. The vote was 6-1 in favor of the rezoning to multi-use. The Eau Claire City Council will act on the rezoning change at its Oct. 8th meeting.
The 15-acre parcel, which is currently owned by Keystone Crossing, LLC, includes slightly more than four acres of buildable land. The project is being proposed by Glen Mills, owner of MyNextHome in Eau Claire.
As was first reported in the Sept. 27th issue of The Bottom Line, the first phase of the project includes 5,544 square feet of retail space and 44 apartment units on the upper two levels of the three-story structure.
The second phase of the development includes a 26-unit senior housing facility. The third phase consists of a 31,000-square-foot retail building; and the final phase proposes a 16,000-square-foot office and/or retail building.
Dean Larsen of Acqusition Realty & Development, who is assisting both the buyer and seller of the land, estimated that the value of the entire project is between $17 million to $20 million.
According to City of Eau Claire Planner Tom Reiter, the only issue raised during the Plan Commission involved who would be responsible for future costs for any roadway improvements that would result from increased traffic.
"Otherwise, the project was approved as presented and now goes to the full city council," said Reiter.
Cedar Corp. of Menomonie is the architect for the project.TBL