More senior housing could be coming to McFarland if village officials choose to move forward with one of the proposals to develop 4.5 acres along the Farwell Street corridor.
The community development authority (CDA) is being tasked with looking at a pair of proposals for the future development of the Gannon Property, 4719 Farwell St., which the village purchased in July.
The village board approved having the CDA evaluate the proposals 6-1 with Trustee Carolyn Clow voting nay at the Nov. 26 meeting. Clow requested the board create a separate evaluation committee to analyze the proposals and determine which to recommend.
When the CDA determines what project would best fit for the site, it will make a recommendation to the board. From that point, the development would need to go through all of the steps all other developments go through, including plan commission review.
One proposal comes from Lakestone Properties and Movin’ Out, which set out a plan for 80 residential units mainly marketed to seniors. There would be a mix of 64 affordable senior housing units and workforce housing along with commercial spaces in a three-story building.
According to the plan, the units would be targeted to people making 30-80 percent of the Dane County median income with 20 units set aside for people making 30 percent or less of the county’s median income. This would be a single-phase construction project.
The second proposal comes from Horizon Development Group for Scarlett Oaks, a three-story two-phase senior housing development with the first phase consisting of 56 market-rate independent senior apartments and the second phase of 40 affordable independent senior units.
Both phases would include a commercial space, with Horizon outlining a possible 5,000 square foot senior center in the second phase. The proposal indicates the potential for the village’s Senior Outreach Services to relocate to the property.
According to the request for proposals (RFP), the village would sell the property to the developer for $1. The tax increment created by the project would be required to pay the village $930,000 – the price McFarland paid to purchase the property – within 15 years.