A local developer plans to add a $10.6 million apartment building with office space and a cafe on Badger Street near the University of Wisconsin-La Crosse campus.

The 90,000-square-foot, five-level building at Badger and 13th streets just behind the West Avenue Kwik Trip will have 57 three-bedroom units designed to meet the demand for private-sector quality student housing, along with four one-bedroom apartments for staff, Three Sixty Real Estate Solutions owner Marvin Wanders told the La Crosse Economic Development Board on Thursday.

The development has been dubbed Aguilera Spanish for eagles nest in a nod to the UW-L mascot.

Plans also call for 3,700 square feet of first-floor office space for Three Sixty Real Estate Solutions headquarters. The first floor will have a 2,500-square-foot fitness center and 1,600 square feet of retail space, likely a cafe, Wanders said.

The building also will have an inner courtyard with green space off the third level. Plans call for 39 parking spaces on the first level with another 30 outdoor spaces off La Crosse Street on land now occupied by three residences.

Three existing properties a private home and two rentals will remain in place between the building and the parking lot.

UW-L has been approached about parking as well, Wanders said, and the company actively promotes healthy transportation and the reduction of vehicles, such as biking or use of the nearby mass transit line, to its tenants.

This is a pedestrian and people-focused development, Wanders said.

The building and parking area will replace seven houses and several garage or storage structures with a combined assessed value of $528,800.

Wanders said the Aguilera would raise the current $14,786 a year in property taxes generated to at least $150,000.

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Developer plans $10.6M mixed-use building by UW-L

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February 27, 2015 at 8:54 am by Mr HomeBuilder
Category: Apartment Building Construction