The RDA facilitates projects, both public and private, that add to the vitality and resilience of our community. We partner with private property owners through our Revolving Loan Program to help create high quality development in Watertown. In addition, the RDA seeks developers who are interested in pursuing new projects to revitalize the downtown.
111 S. Water Street
In 2021, the RDA finalized a development agreement with T. Wall Enterprises to redevelop a vacant City parking lot along the Rock River. A 90-unit residential complex comprised of studio, one- and two-bedroom apartments will be built. Below-grade residential parking and 2,800 sf of first-floor retail space complete the project. Architecturally, T. Wall’s objective is to build an iconic building with a clock tower at its northwest corner in traditional main street-style that complements Watertown’s existing downtown character.
"I want to thank the City team, the RDA, TWall, and the property owners who put the interests of the community first so that the property to the north of this development could be developed," said Mayor Emily McFarland.
415 E. Main Street
In August 2021, Misti Hawn received a loan and grant for the 415 E. Main Street property. Plans are to remove the "modernized" horizontal siding to expose the original façade and restore the windows. An old Miller beer mural on the west wall, discovered during the renovation, will be restored.
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“This project is a perfect example of the kind of investments the RDA makes to encourage reinvestment in under-utilized areas of the city. This project is truly a labor of love…not only bringing the building back to resemble its original façade but giving a gift of history to future generations.”
- Alex Allon, Executive Director
Watertown Redevelopment Authority
117 N. Second Street
Historical photos dating to 1879 show the building was occupied by Weltbürger Printing Office. In the early 1900s, it housed Neumann & Krueger Cigar Manufactury and later Art’s Shoe Service, John Klemann Music Shop, a number of realtors, and most recently law offices. In 2019, Deerfield Properties purchased the building. Renovations include a complete remodel of the main floor, the creation of two high-end apartments on the second floor, and an exterior facelift.
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“I am very, very thankful that the RDA exists. This is my second project with the RDA…the first project went so well. Without RDA low interest rate loans, projects would never be economically feasible, so they would not happen.”
- Dan Rahfaldt, Owner/President
300 E. Madison Street
Built in the 1890’s, this building was home to the William Kopfer Saloon. Prior to its purchase in 2020 by Fourth Corner LLC, the lower level (commercial space) had been vacant for 12 years. Former occupants include Ken’s Tap, Yangers Pub, and 5 Star Realty.
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“We could not have done this project without the RDA revolving loan. The RDA board was very supportive of the project and shared our vision for revitalizing this property. Upon approval, loan funds were distributed very quickly allowing us to keep pace with contractor availability.We are very thankful to the RDA and the revolving loan program they provide.”
- Bob Mudler, Owner
Fourth Corner, LLC