Case Study: Milltown Residences

The Milltown Residences Development is a comprehensive project catalyzed by the City of River Falls work on Desanctis Park, desired additional Park improvements, and meeting the City Objectives defined in the City of River Falls Housing Study.

Case Studies

Milltown Residences

Project Summary

Quick Facts

The Milltown Residences Development is a comprehensive project catalyzed by the City of River Falls work on Desanctis Park, desired additional Park improvements, and meeting the City Objectives defined in the City of River Falls Housing Study. The central focus of the project involves the construction of 84 town-homes in the vicinity of DeSanctis Park. These town-homes provide modern sustainable housing options, catering to the diverse needs of the River Falls community, and contribute to the neighborhood’s overall aesthetic and vitality. The first-floor apartments offer one and three-bedroom ranch-style options with a zero entry and in-floor heating. The apartments on the second level offer town-home-style living in two-bedroom and three-bedroom options. Another component of the project was to enhance DeSanctis Park’s accessibility and utilization. The city of River Falls prioritized the addition of a parking lot, making it easier for residents to enjoy the park’s amenities. This improvement created a welcoming and vibrant public space for recreational and community activities. The Glover School, a historic institution in DeSanctis Park, was non-functional due to a lack of essential utilities such as water, sewer and heating/cooling systems. As part of this project, the restoration of Glover School was considered to keep the community history, ensuring its legacy continues for community residents. The project also included realignment of a nearby intersection as well as an addition of a park path connecting to a newly constructed parking lot to allow for emergency vehicle access. The Milltown Residences is a collaborative effort between the City of River Falls and the development team, aimed at improving the quality of life for residents. It embraces sustainability, community engagement, and safety while preserving the natural beauty and recreational value of DeSanctis Park.

1570 DeSanctis Place, River Falls, WI 54022 Location

Multifamily Residences Project Type

Architect/Engineer I & S Group Inc. (ISG)

Builder Mettera, LLC

Management Three Sixty Real Estate Solutions, LLC

Website https://milltown.threesixty.bz/

Special Features Prairie restoration, utilities and functionality to Glover Schoolhouse within DeSanctis Park, Bike/Pedestrian Sidewalk Extension

www.threesixty.bz

Milltown Residences Case Study 1

Design

Milltown Residences was constructed from the ground up by Mettera, LLC, Three Sixty’s self-performing construction company. Mettera believes in partnering with smaller, local contractors, allowing our developments to weave in an important fabric of local community support, respect and ownership. The design consists of 4 town-home buildings each consisting of 21 residences in a mix of 1, 2 and three bedroom apartments. They feature gazebos, fire pits, grills and sitting areas between two of the buildings for community gatherings. Providing spaces for socialization fosters a strong sense of place for residents. In a thoughtful and sustainable approach, garden boxes have been integrated into the design of the Milltown Residences. These garden boxes serve a dual purpose, benefiting both local wildlife and the residents, while contributing to the overall community and environmental well-being including biodiversity enhancement, food security, and connection to nature.

Additionally, the strategic location of the property adjacent to DeSanctis Park provides residents with an invaluable neighborhood amenity. Residents of the town-homes will enjoy the added benefit of easy access to the park, enhancing their quality of life and offering a natural extension of their living space. This proximity to DeSanctis Park further promotes community engagement, outdoor recreation, and a sense of connection with nature, making the Milltown Residences an even more attractive and holistic residential option for the City of River Falls’ residents.

Milltown Residences Rendering

Sustainability When it comes to sustainability very few principles are more important to us than the impact of the local factor. Be it local sourced materials, local produced products, local jobs or supporting good paying job growth! This is our commitment ,where applicable, to using local based businesses in this development; we are committed to keeping it local. Our team focused on many strategic sustainable methods in this development including: • Creating a tight building envelope that uses best practices for lower energy consumption, utilizes sustainable high quality materials, and energy efficient designs. • Creating an environment that highlights and respects our natural resources and is designed in a method that connects people to the resource. • Storm water retention and management that will manage the water on-site. • Landscaping will use native plants and provides a food source for both people and wildlife. Garden boxes were added on-site for residents and a natural prairie was planted replacing sod along West Division St. creating living spaces that promote the well-being and health of both humans and the natural environment. • Building design will utilize natural light to create more creature comfort and reduction in energy needs. • It is the intent of this project to create a healthy living model with close access to pedestrian resources such as DeSanctis Park and the Glover School. • Bio-filtration, engineer soil to remove contaminants, native plant ecol- ogy, and rain gardens.

DeSanctis Park trails and creek adjacent to Milltown Residences

Restored (and managed) 48 acres of the previous tilled field into a natural pollinator prairie in La Crescent, MN, similar to the prairie gardens at Milltown Residences.,

Milltown Residences Case Study 2

www.threesixty.bz

The Site and Background

River Falls, situated in St. Croix and Pierce Counties, is a thriving and dynamic community with a population of 15,256. Over the past seven years, the city has experienced a consistent growth rate of 1.7 percent, reflecting its attractiveness as a place to live and work. Positioned in western Wisconsin, River Falls enjoys the advantages of its proximity to the Twin Cities markets, making it an appealing choice for residents and businesses alike. The city’s strategic location, combined with its ongoing growth, and leadership underscores its potential for economic development and community enhancement. Milltown Residences is situated on 7.09 acres along West Division Street just south of DeSanctis Park. It is also three blocks west of an Elementary school.

Map of Milltown Residences in connection to DeSanctis Park

DeSanctis park has many natural amenities including native prairies, trails, sledding hill, and the historic Glover School. The Elected Officials and City Staff had a vision to add infrastructure to DeSanctis Park to make the park more accessible, ensure the public use of Glover School, and add value to community residents. As part of the public-private partnership and as a component of Milltown Residences, infrastructure was added to parking, water/sewer, and additional roadway access for emergency vehicles. The site of Milltown Residences matches Three Sixty’s testament to the commitment of providing a place to live which promotes a healthy and enriching lifestyle for our residents. Milltown Residences aligns perfectly with our core belief that any project should be a true asset to both the residents and the broader community.

Milltown Residences during construction

Milltown Residences construction, showing historic Glover School

Milltown Residences Case Study 3

www.threesixty.bz

Project Financial Information

2019 Assessed Value: 2019 Real Estate Taxes:

$0 $0

$17,411,186 TOTAL PROJECT COST:

2022 Assessed Value (Stabilization): 2022 Current Real Estate Taxes:

$9,828,200 $163,724.97 $163,724.97

Increment Created:

*The above numbers are based on the economics prior to breaking ground for construction.

Number of Residences: Number of Bedrooms: Number of Parking Spaces:

84

164 199

• Garage/Enclosed:

91

• Surface (including on-street):

108

Project Timeline

2020

2021

March

August

RFP Accepted

Plan Commission

RFP Due January

Building One Occupancy June

Building 4 Occupancy December

Rezoning May-July

Development Agreement Completed Ground Breaking October

About Three Sixty The Three Sixty vision is to plan, develop and manage projects that will positively impact the communities as a whole - by stimulating growth and improving the lives of the people throughout the neighborhoods we serve. Three Sixty Real Estate Solutions is a vertically integrated, full-service real estate company with a community first mindset, only embarking on projects that will positively impact the community, the neighborhood, the customer and our team. Our expertise of the multi-family industry, from construction to management, allows us to yield long-term investment and catalyze growth by creating a sense of place that strengthens the neighborhoods. Our name is derived from the full circle of services we provide and our commitment to a project from start to finish. We have grown to be a successful, full-service real estate company because of the years of diligent and successful planning, developing and managing of all of our properties. We serve our customers at a level that exceeds industry standards and we provide quality outcomes for all partners.

Contact us: 608-782-7368 Development@threesixty.bz 1243 Badger St. La Crosse, WI 54601

www.threesixty.bz

Great River Residences Case Study 4

Page 1 Page 2 Page 3 Page 4

Made with FlippingBook Annual report maker