Menomonie Council approves Commonweal plan
Posted: September 5, 2014
The Menomonie City Council this week approved a proposal for construction of a five-story, 76,800-square-foot building on the former Leever's Foods site at 503 S. Broadway Street. The developer of the multi-use project is Eau Claire-based Commonweal Development. Previously, the Menomonie Plan Commission approved a general plan for a mixed use commercial and residential development.
"On the optimistic side, we hope to start yet this fall and be done by next September. But that schedule is tentative," said Commonweal Development Corp. President Stuart Schaefer, who added that the project value is estimated to be in excess of $6 million.
The complex is expected to include 40 rental units, of which 16 would be one-bedroom apartments, 16 two-bedroom and eight four-bedroom units. The facility would have 104 parking stalls, including 28 underground stalls.
There will be approximately 12,000 square feet of retail space on the first level of the building.
"We will have tenants on the first floor with a drive-through…for a coffee shop, a sandwich shop and other retailers. However, we don't have any tenants committed at this time," said Schaefer. He said the building will feature a fitness center, wireless Internet access and other upscale amenities.
Menomonie Mayor Randy Knaack stated that the project is expected to create an additional $20 million in valuation to the city.
Market & Johnson Inc. is the general contractor for the project.TBL