Residents in Menomonee Falls aren’t getting any younger – none of us are. However, there are more elderly residents in the village than a decade ago, and United Financial Group has brought a proposal forward to construct a senior living community on the south end of the village.
Since 2000, the percentage of Menomonee Falls residents over the age of 62 increased by 12.9 percent, according to U.S. Census data. In 2000, 18.6 percent, or 6,058 residents, were over the age of 62. In 2010, that total swelled to 21 percent of the population, or 7,484 residents.
Developers behind the project are hoping to tap into that growing market in the area.
Pending Village Board approvals, United Financial will work with Fiduciary Real Estate Development to construct a 180-unit senior living community on 38 acres of land near the corner of Lannon and Lisbon roads. The development, dubbed Waterside Highlands, would include a mix of single-family homes, four-unit town homes, and a three-story, 151-unit elderly apartment facility.
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The 38-acre plot for the development is part of a 135-acre lot owned by Thomas and Sherry Wruck. The 74 additional acres of vacant land left on the property is planned for residential use.
The three-story central apartment building would include a 5,000-square-foot community center with a media room, workout center, library, and meeting areas. The plans include four four-unit townhomes and 13 single-family homes on 10 acres of the property. Apartment floor plans range from 700 to 1,400 square feet.
Before plans can move forward, developers must obtain approval from the Village Board to amend its comprehensive plan and rezone the land for residential uses.
United Financial operates the senior community, which opened in 1997 on Wildwood Drive in Menomonee Falls. The company operates more than 2,500 senior living units throughout the state.