Executive Summary: Archway Residences

OUR SOLUTION

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Build with Purpose

Create Housing Choices

Strengthen Downtown

Partner with the City of New Richmond to deliver a modern library shell and site improvements that anchor downtown with a civic resource designed for the future.

Introduce thoughtfully designed townhomes and apartments that

Combine civic, residential, and potential neighborhood-scale commercial uses to activate downtown New Richmond as a vibrant hub for living, learning, and connecting.

expand options for residents of different ages and lifestyles, while enhancing convenience with community amenities and underground parking.

MARKET ANALYSIS

New Richmond is experiencing steady growth, with more than 20 percent population increase over the past decade and incomes rising above the state average. Housing supply has not kept pace, with vacancy rates of 0.7 percent for owner-occupied homes and 2.7 percent for rentals, leaving few options for those seeking modern, low-maintenance living downtown. Its location just 45 minutes from the Twin Cities makes New Richmond especially attractive to commuters and professionals who want a small-town lifestyle with access to metropolitan

opportunities. Rising home values and competitive rents highlight strong demand, and Archway Residences directly responds by delivering new housing integrated with a 30,000 square foot public library, reinforcing downtown as a vibrant civic and cultural hub.

OBJECTIVES

The primary objective of Archway Residences is to strengthen downtown New Richmond by combining high-quality housing with a modern public library in a single, community-focused development. The project aims to expand housing options, support economic growth, and provide a civic anchor that enhances quality of life, making downtown a place where people can live, learn, and connect.

1243 Badger St. La Crosse, WI 54601 www.threesixty.bz Call: 608-782-7368 Email: development@threesixty.bz

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