The Redevelopment Resources team has worked for over 20 years to achieve the redevelopment of selected neighborhoods, business districts and historic properties, with much of the work focused in downtown Wausau, WI. There a total redevelopment value of over $100 million has been achieved.
Some of the most notable redevelopments include the redevelopment of a site on which Wausau Benefits located its office building development, the Jefferson Street parking structure and retail space, the Marathon County, WI Public Library headquarters, the Dudley Office Tower, the Eye Clinic of Wisconsin headquarters and clinic, The Palladian (retail/ office/ condominium) development, the Jefferson Street Inn hotel development, and downtown Wausau’s 400 Block City Square green space. In various communities, RR team members have financed 12-15 historic/commercial building renovations to a high level of quality and finish.
Manufacturing sites are also included in the redevelopment portfolio, including the former Marathon Rubber Manufacturing Redevelopment project consisting of an approximate $500,000 acquisition, demolition, clean up and new construction of affordable housing and a neighborhood park.
Another housing project was facilitated at the former Wausau East High School site in the heart of Wausau, WI. Redevelopment of a former K-Mart grey-field property into 100 units of new affordable apartment units on Grand Avenue in Wausau, WI turned a vacant big box into a vibrant neighborhood and included city participation valued at $250,000.
A central city project was conceived and successfully completed around the $800,000 Pine Bar/Jefferson Elementary School redevelopment project which consisted of a public/private partnership with Wausau School District, City of Wausau and private property owners to eliminate blighted properties and reclaim land for school use.