Riverfront development gets financing for $8 million phase

A second phase of riverfront development locked in a final piece of financing Wednesday to move forward with a $8 million apartment complex.

The RiverHeath project will break ground on a 36-unit building this spring, said Mark Geall, the developer with Tanesay Development.RiverHeath

“We’ll start work as soon as the thaw allows and have it built in about a year,” Geall said.

Appleton’s council approved loaning the development $1.6 million for a new road and infrastructure improvements, which spurred the private financing for construction.

The new building will be built just northeast of the College Avenue bridge over the Fox River, south of Telulah Park.

Kris Oates, community director at RiverHeath said floor plans are available at their sales office, 1155 Banta Court, to reserve space in the new building.

More than 70,000 tons of material was removed from the brownfield site over the last decade.

— Nick Penzenstadler: 920-996-7226, or npenzenstadler@postcrescent.com; on Twitter @npenzenstadler

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