Proposed 4 story project, the site of the former Steamboat Inn. The site offers ideal space for private residential units and/or mixed use commercial space. Premier corner location will serve as a landmark gateway to the City of Prescott,

 

 

Site Amenities

 

  • Extremely unique location that provides the only direct riverfront site on the lower St. Croix available for development, with a total lot size of 39,046 SQ. FT. (.9 acres), approved building size up to 90,000 SQ. FT. on 4 floors and 253 feet of shoreline with unobstructed river views.

  • Property located in the City of Prescott Tax Increment Financing (TIF) district and Wisconsin Economic Development grant eligible

  • Direct access to St. Croix riverfront and 14 slips, as approved by the Wisconsin DNR and the U.S. Army Corps of Engineers. Two slips are private and the balance are transient.

  • Proposed City completion of boardwalk under bridge and adjoining transient dockage for pedestrian traffic into the downtown retail district.

  • Project has received approvals from the City of Prescott as designed by HAF Architects the following Conditional Use Permits
    Principal use is residential in a commercial zone (12-1-50-d-1)

    Alteration of 20% slopes (13-1-50-d-2)

    Mixed-use development (13-4-6)

    Grading within the slope preservation zone (13-4-6)

    Filling and grading within the Riverway zone (13-4-9-5)

  • The following Variances have been granted
    Release/removal from floodplain inclusion LOMAR-F approved
    Structure expansion within the Riverway Zone (13-4-10-4)
    Reduce Setback from 100 feet to 40 feet from the ordinary high-water mark

    Municipal Code (13-4-10-4, (13-4-62)

  • The property currently holds rights to a valid, transferable Liquor License, granted by the City of Prescott


Arc
hitectural Conceptual Rendering


Background


This site is the former Steamboat Inn located in Prescott, WI. The Steamboat Inn was a traditional, successful destination restaurant for more than 46 years. 

 

This property became available when the second generation of owners reached retirement age and had neither the desire nor the capital to reinvigorate a declining landmark on the St. Croix River. The key to this project is its singularity; under existing regulations this is the only site on the entire lower St. Croix River that can be developed in the proposed manner. No other property can provide this mix of commercial space, and residential units with direct river access and boat slips. This combination, directly on the St. Croix River, cannot be duplicated.