Impact Seven will host a ground breaking for the Franklin School Apartments on Tuesday. The project involves the adaptive reuse of the historic Franklin School into 12 units of affordable housing, as well as the new construction of eight three-bedroom townhouses on the property.
Originally built in 1937, the building has maintained much of its original architecture, and was added to the State and National Registry of Historic Places in March. This $4.4 million project preserves an icon of the city’s history while sending a message of environmental stewardship and responsible growth, say project officials.
“It will safeguard a neighborhood landmark while adding attractive housing to aid in satisfying Rice Lake’s growing demand for housing,” said Matt Wysocki, vice president of Organizational Development for Impact Seven.
The school was closed in 2003 because of mold problems.
Speakers will include representatives from Impact Seven, Wisconsin Housing and Economic Development Authority, Wisconsin Economic Development Corporation, Wisconsin Department of Administration, Federal Home Loan Bank of Chicago and Bremer Bank.
The program begins at 11 a.m. at the site at 1101 S. Main St.
The renovations to the existing building and new townhomes will feature green-built construction paired with a respect for the historic nature of the project.
The apartments will feature an open design with high, exposed ceiling structures, and retain existing built-in design elements such as art niches and built-in shelving. Amenities will include a multi-purpose community room playground, Energy Star appliances, on-site laundry, central air-conditioning, and onsite parking.
Construction will last the duration of the year, with tentative occupancy set for 2016. Those interested in becoming tenants should contact Impact Seven at 855-316-8967 for pre-qualification.