Lokre Companies has submitted a angle for a new accommodation circuitous in burghal Wausau.(Photo: Courtesy of the burghal of Wausau)
WAUSAU – A high-end accommodation circuitous could be advancing to the affection of burghal Wausau.
The Bread-and-butter Development board on Thursday black will altercate the angle for a $6 actor circuitous at 120 Scott St., the above home of the Scott Street Steak & Pub, a once-popular alehouse that bankrupt in 2007.
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The accommodation circuitous would be congenital by Lokre Cos. and would be bristles belief tall, with 48 one- and two-bedroom apartments. The aboriginal attic would additionally action 3,000 aboveboard anxiety of retail space, according to the proposal.
Lokre Cos., based in Plover, is allurement that the burghal advertise the acreage to the company for $500,000 and accommodate a $250,000 admission for armpit work, as able-bodied as a $99,000 in tax refunds for 12 years.
The proposed apartments will affection retail space, 48 apartments and underground parking. (Photo: Courtesy of the burghal of Wausau)
The burghal had one added angle for 120 Scott St., a Cobblestone Auberge & Suites, which would accept boasted 61 bedfellow rooms. The burghal did not move advanced with the angle because an acceding couldn’t be accomplished with the company, said Christian Schock, Wausau’s bread-and-butter development director.
If the Burghal Council approves of the Lokre apartment complex, according to the proposal, architecture would activate as anon as possible, Schock said. Once completed, one-bedroom units would acceptable be busy out for $895 a month, and two-bedroom units would be busy for $1,095 a month, with 12- and 24-month leases.
In accession to a downtown location, the accommodation architecture would action a rooftop association area, underground parking and a conditioning room, according to the proposal. Below the apartments, the retail area would action amplitude for alfresco patio seating, an abstraction meant to allure a new coffee boutique or restaurant.
If the Bread-and-butter Development Board approves the angle Thursday, it will be beatific to the Burghal Council for final approval after this year.
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