NORFOLK, NE — A new development featuring apartment complexes, assisted living and health care services could be coming to the west side of Norfolk.
Norfolk Medical Real Estate, LLC. announced today it has requested the annexation of 55 acres of land on the southwest corner of Highway 275 and South 37th street. The developers then intend to rezone, re-plate and request Tax Increment Financing for their projects.
According to a news release, the proposed development would include apartment housing, assisted living/memory care and health care services. The area would also feature green space, water features and a hike and bike trail.
Spokeswoman Mary Kay Uhing says the initial plans include four apartment buildings with about 60 units per building. The apartments would cater to a variety of people, including the general public and units specific to aging residents. She says the development aims to provide a continuum of care for senior living.
The Norfolk City Council will consider the approval of the annexation request at their meeting on Monday. State rules dictate the Council can only approve the annexation on first reading at the initial meeting. The request must be heard at three separate meetings.
In a letter addressed to City Public Works Director Dennis Smith, Manager of Norfolk Medical Real Estate, LLC. Mike Anderson indicates the development would be called Fountain Point Development. He says the development group is requesting annexation to be an integral part of the community and because TIF funds are only available within the corporate limits of a municipality.
He stated that the redevelopment project will only be feasible if TIF is available.