Ribbon cutting and open house planned for Pine River Terrace in Richland Center, Wisconsin

 
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A ribbon cutting ceremony and open house is scheduled for Monday, November 6, at the new Pine River Terrace Apartments, 1480 Wedgewood Drive, in Richland Center. The public is invited to attend the ceremony and tour the facility.
Developed through a partnership between Heartland Properties Inc. and Burns and Burns L.C., Pine River Terrace is an affordable housing option for residents, age 62 or older. The two-story structure is located in the Wedgewood subdivision behind the White House restaurant.
In addition to the 20 one-bedroom apartment homes, the new development offers a community room and kitchen, off street parking for all residents, and an on site management office. The building also features an elevator, bulk storage areas for each residential unit, and a limited access secured entry system. Each residential unit has individual air conditioners. Heat is included in the monthly lease.
"Heartland Properties is proud of this important investment in the Richland Center community," said Alliant Energy Investments-President Tom Aller. "Pine River Terrace provides an affordable and convenient housing choice that will improve the quality of life in Richland Center. We hope that developments like the one planted here will also grow in communities across the Alliant Energy service territory - communities as forward thinking and committed to growth as Richland Center."
The Pine River Terrace development was made possible through an investment by Alliant Energy Resources, as well as financial support from the USDA Rural Development , Wisconsin Housing and Economic Development Authority (WHEDA) the State of Wisconsin-Division of Housing and the City of Richland Center.
Pine River Terrace was constructed with the independent senior in mind, however, the building and units are accessible for residents as they age in place. "Based on the strong community support and need for senior housing, we designed a building that will accommodate the lifestyles of older adults for years to come. Already applications have been received for nearly half of the apartments," said Robert Burns of Burns and Burns, L.C., developer and architect for Pine River Terrace.
The United States Department of Agriculture Rural Development office located in Stevens Point, Wisconsin provided the majority of the permanent loan financing for Pine River Terrace. "The Pine River Terrace apartments are an excellent example of the federal government working in concert with the state, local community and private sector," said Bryce Luchterhand, State Director, USDA Rural Development. "Together we can provide quality housing at affordable rents to meet the needs of older adults in the Richland Center area."
Heartland Properties is a subsidiary of Alliant Energy Resources with a commitment to pursuing financial, economic development and community partnerships. Pine River Terrace is Heartland Properties' latest investment in Wisconsin and one of more than 100 developments it participates in throughout the Midwest, representing more than 5,200 high-quality affordable apartment homes.
Alliant Energy is a growing energy-services provider with operations both domestically and internationally. headquartered in Madison, Wis., Alliant Energy provides electric, natural gas, water and steam services to more than two million customers worldwide. Alliant Energy Resources, Inc., the home of the company's nonregulated businesses, has operations and investments throughout the United States as well as in Australia, Brazil, China, Mexico, and New Zealand.
Burns and Burns, L.C., based in Iowa City, is an architectural, real estate development and property management firm with more than 27 years experience. They specialize in affordable housing in Iowa, Wisconsin and Illinois.
For information on renting an apartment home at Pine River Terrace, contact NMC/RPB Management, L.C. at (608) 647-5886. NMC/RPB is a professional property management company serving more than 4,200 apartments for older adults and families throughout the Midwest.

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