An affiliate of Kenosha-based Bear Development has purchased an 11-acre site in St. Francis where it plans to build a luxury apartment development.
The Bear affiliate purchased the site on South Lake Drive from an affiliate of Pewaukee-based Thomson Companies for about $2.1 million, according to state records.
Bear plans to build 315 apartments on the site, which is located between the Park Shore condominium development at South Lake Drive and East Howard Avenue and The Landing condos at South Lake Drive and East Denton Avenue.
