Construction is underway on the mixed-use Waterford Lofts, a 28,200 sq. ft. project at 506 E Main Street. The project is a partnership between the Village of Waterford, Wisconsin Redevelopment Group, and Milwaukee-based Selzer-Ornst Construction Company.
Pre-sales of residential and commercial condo units have begun. According to Shorewest Realtors’ Renata Greeley, even with the development under construction, the 12 loft-style condominiums are already in high demand.
“The Village of Waterford, and Racine County in general, offers a great atmosphere to start a family, advance your career, or just enjoy a high quality of living,” said Greeley. “When you combine a flourishing small-town community with the style, excellence and comfort of these units, of course there is going to be high demand.”
Each condo unit is approximately 1,130 sq. ft. and will cost between $330k and $380k. Greeley said she expects potential residential occupancy for June 2023.
Waterford Lofts also offers a great location for new businesses to locate in Waterford’s vibrant downtown. First-floor retail in the project will be anchored by Community State Bank, an established local lender. An additional 2,800 sq. ft. of space is available for retail and commercial businesses. The space can be occupied by one or multiple businesses.
“The Village of Waterford is very interested in attracting the right tenant(s) who want to set their roots in Waterford,” said Tim Vandeville Jr., owner and broker for Waterford-based Legacy Realty Group. “The Village of Waterford, which owns the retail condo units, will work with the businesses to buy the units out right or on a rent-to-own basis.”
Those interested in purchasing a condo unit at the Waterford Lofts can contact Renata at (262) 210-6956.
Tim Vandeville Jr.
Those interested in purchasing retail space within the Waterford Lofts can contact Tim at (262) 865-4282.