The Manitowoc City Council has approved a term sheet to sell 1.646 acres of land in the River Point District (former CN Peninsula) to Allie Family Companies.
According to Mayor Justin Nickels, a six-story apartment building, which will house 81 market-rate apartments, will be constructed on that land just northwest of the 10th Street Bridge. The units in the River North Apartments will range in size from studios to 3 bedrooms and feature underground parking and panoramic views of Downtown Manitowoc, the Manitowoc River, and Lake Michigan.
The plan is for construction to begin in the summer of 2021 with a completion date in the fall of 2022.
The apartment building will be located on the southeast portion of the district, with North 10th Street to its east and the new “River Point Drive” being constructed to the south along the Manitowoc River. The project cost is expected to be just over $14.3 million, with a portion being financed with TIF.
Inquiries can be made to Park Regency Management at 920-684-1531 and more information will come available at LiveAtRiverNorth.com at a later date.
Click below to view artist renderings of the building.
