Minneapolis company proposes $40M senior living facility

By Brandon Anderegg

June 18, 2019

The Waters’ senior living development would have 24 ranch-style independent living duplexes.
Submitted rendering

CITY OF PEWAUKEE — Minneapolis-based developer The Waters has proposed a 150-unit senior living development in the city.

The approximately $40 million development would be located just south of Crossroads Care Center of Pewaukee between Pewaukee and Watertown roads and just north of Hawks Meadow subdivision.

Waters’ conceptual plan includes a three-story, multi-family building containing 115 senior apartment homes; a 16-unit, single-story memory care wing; and 24 ranch-style independent living duplex cottages clustered around preserved woodland and wetland areas on the campus.

Amenities on the main campus building would include restaurant/ café options, a spa and salon, concierge services, theater room active programming and underground parking, as well as personal care and assisted living services.

The conceptual site plan shows access to the development from Pewaukee Road and Hawks Meadow Drive. The plan was revised to eliminate access from Watertown Road and to limit access from Talon Drive to only pedestrians and the fire department.

The developers have revised their plans and reduced the total number of units in their development from 187 to 155 following feedback from the Plan Commission on April 18.

Developers heard feedback and concern from commissioners that The Waters’ project would be sold to a nonprofit organization in the future and that property tax revenues would be impacted. However, the developers said they will enter into an agreement with the city and record a deed restriction or covenant on the property to ensure that it will not be sold to a non-taxable entity in the future, according to The Waters’ project narrative.

The Plan Commission will review The Waters’ plans at 7 p.m. Thursday in City Hall, W240N3065 Pewaukee Road.