The City of Eau Claire has led in the redevelopment of a 12 acre site at the confluence of the Eau Claire and Chippewa rivers. In addition to a newly constructed riverfront park, amphitheater, Farmer’s Market and office building, plans are in the works for a a new group of multi-use buildings. These buildings will provide living, working, and shopping opportunities to the residents of Eau Claire.
The proposed $20 million project is a mixed-use development of 11 separate new buildings over four city blocks. Current proposed amenities include:
- 34 market-rate riverfront apartments
- A drug store (Midelfort Pharmacy signed as tenant)
- A rebuilt post office
- Two to three additional mixed-use buildings
- 6,000 square feet ground floor commercial
- 225 parking stalls on first two blocks
Situated at the confluence of the Eau Claire and Chippewa rivers, these new buildings will allow residents the chance to live and work right on the river. The new park and amphitheater are designed to support a thriving neighborhood and, in fact, were built to link this new neighborhood to the river's edge. Currently this valuable land area right in the heart of the city is under-utilized, mostly functioning as parking lot space.
The city of Eau Claire has a strong regional economy with a solid positive record of job growth, low commercial vacancy, and growing residential demand. The new Phoenix Park neighborhood will help meet the city’s growth and will be a catalyst for more quality economic investment.