In a reversed decision, the Oswego Village Board voted unaminously to approve a senior living community after the advisory Oswego Plan Commission turned down the proposal 3-2 just six days ago.

 

Named Village Square, the 11 acre vacant site bordered by Washington Street, Route 31 and the Oswego Village Hall, is only a concept plan as Oswego Village Administrator Dan DiSanto provides the next steps.

Proposed is a three-story building for 66 assisted living and 29  memory care apartments on four acres estimated with 47 independent  living outlying cottages or row houses on the remaining seven acres, all for monthly rental. According to Erdman of Madison, Wisconsin, the minimum age for independent living is age 65 with the average age for assisted living at 85.  Memory care residents are 75-85 years old usually.  Erdman expects 150-160 new residents. 

 

Erdman Project Engineer Karl Lueschow described one feature.

Greg Markvluwer, Vice President of Real Estate Development for Erdman explained the type of senior customer.

Oswego Village President Troy Parlier lauded the project.

If the village gives final approval near the first of the year, Erdman expects a 15-month construction with a fully developed build-out upon completion.The development is expected to generate half-a-million dollars in property taxes, however the land sits in a tax-increment financing or TIF District.

 

You can listen to Mark Harrington's radio story here: