The developer for the long delayed Rivianna development has made some minor changes to the project and is now seeking final approval of a detailed plan development. The project will be reviewed by the City Plan Commission during its Monday, July 13 meeting. .
The project consists of three 15-story towers that would be built on top of a four-story base on a vacant three-quarters of an acre lot at 236 S. Water St. along the Milwaukee River in the Fifth Ward, just south of the Third Ward. The development will have a maximum of 186 residences, a 128-room hotel, 11,000 square feet of retail space and a 411-space parking structure. In a second option the developer says the project may have a larger hotel with 236 rooms and 152 residences.
Bob Schultz the leader of the development group for the project, The Rivianna Group LLC, could not be reached for comment.
Minor modifications to the general planned development plans for the project, which were approved by city officials, include an increase in the number of residential units from 166 to a maximum of 186 and an increase in the height of the structure from 178 feet to 185 feet.
The original plan for the development, submitted before the downtown Milwaukee condo market collapsed, focused on residential condominiums. The latest plans call for rental residential units which could be converted to for-sale units in the future.
The residences in the building would range from 500-square-foot studios, to 1,850-square-foot 3-bedroom units, to penthouses ranging in size from 1,950 to 2,900 square feet of space.
The project also includes a pair of green roofs between the towers, which would provide 10,000 square feet of park area, an elevated riverwalk, another riverwalk along the water with 23 boat slips.
Rivianna may also have a "yacht club," where vendors could rent boats.
