WATERTOWN DAILY TIMES
Update: F Street Presents N 1st Street Development Concept to Council
F Street, a private investment group and commercial real estate developer, presented its development concept for townhouses along the waterfront at the end of North 1st Street next to the corner of Jones Street during a City of Watertown Common Council meeting on Tuesday.
The estimated $4.5 million concept was previously presented to the city’s Plan Commission in April, and much like its previous discussion, the development was met with positive reviews but with concerns about parking.
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F Street, a private investment group and commercial real estate developer, has opened a conversation with The City of Watertown Plan Commission about potentially building townhouses along the waterfront at the end of North 1st Street next to the corner of Jones Street.
No bids for the land or official proposals have been made by the Plan Commission, but F Street Director of Development Nick Jung discussed with the commission the possibility of developing townhouses along the Rock River.
The family-style townhouse units are mainly three-bedroom concepts and would be two separate two-story buildings with their own garages. If the group and city proceeds, these townhomes would be built over the current parking lot that sits on the parcel, but it would also retain 33 spaces in the southern portion — next to the Masonic Temple building — and also have parking spaces for each townhouse unit.
