By Gail Peckler Dziki

Correspondent

A 52-acre Planned Unit Development (PUD) appears to be done with the foreclosure and bankruptcy filing by owners of 27 acres of that parcel.

The development called The Sanctuary, the collaboration between Matt Nolan and General Properties, ended last November when the 27 acres owned by General Properties went into foreclosure and was sold to a bank. The developer then filed for bankruptcy using firms such as https://www.ljacobsonlaw.com/pa/harrisburg-bankruptcy-attorney/ to help with this transition.

When owner Matt Nolan died last August, General Properties continued to work with Nolan’s heir, son Matt Nolan Junior. The project had proceeded as far as having the conceptual plan approved by the Paddock Lake Planning Commission. The plan had not yet gotten to the village board.

 

The 52 acre site was zoned A-A agricultural and located on the west side of 248th Avenue, with 67th street as the southern border. The proposal combined the two parcels. A rezoning would have allowed the configuration of single family and multi-family residential units and commercial/institution occupancies on the site. Also planned was assisted living with supporting medical facilities.

Village administrator Tim Popanda said there are no plans to resurrect the project.

 

Proposal for White Tail Ridge still in the works

A plat was already approved for the site for the White Tail Ridge development, which never went through. Frontage on Highway 50 is zoned for commercial and Popanda said that developers, Celadon Holdings LLC. Scott Henry, were already working with a national chain store and a medical group for that area.

The development would be subsidized rental senior housing restricted to people 55 years and older. The 105 units would be either single-family homes, each on its own lot or duplexes.

Both the plan commission and the village board have approved the concept for this plan. Right now the developer is waiting for word from the state regarding a loan from the Wisconsin Housing and Economic Development (WHEDA).

According to Popanda, one important criterion that WHEDA considers is the amount of available senior housing in a community.

There is a current waiting list several years long for the senior housing developments in Lake Geneva, Silver Lake and Paddock Lake. The development that is already in Paddock Lake has 24 units, all under one roof. Popanda said the new development would put the number of subsidized senior housing to 10 percent of the village’s residences.

 

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