STEVENS POINT - A groundbreaking ceremony was held in downtown Stevens Point Monday for a senior housing community.
General Capital Group announced its plan to build an 88-unit housing complex on the corners of Third Avenue and Water Street.
The complex will give seniors in Stevens point a place with access to the city's downtown area.
Stevens Point Mayor Mike Wiza said this project will move Stevens Point forward by fixing problems identified in the community.
"We did a housing study a while back and senior housing element was one of the components we were lacking," said Wiza.
Wiza said the development will be successful due to the prime location and resources.
"We have a grocery store downtown, a pharmacy well within walking distance for these residents so I think it's going to be a pretty big success," said Wiza.
General Capital Group Partner Sig Strautmanis said building this complex will keep seniors involved in the community.
"This is the perfect spot for this kind of housing," said Strautmanis. "Seniors can live here and they can walk a couple of blocks over to businesses."
Strautmanis said the project is a part of a bigger picture to improve the city.
"We are also redeveloping the whole street frontage as a pedestrian plaza, with a lot of neat pedestrian features and seating areas for everyone," said Strautmanis
The housing complex will open a leasing office in downtown Stevens Point this summer and start accepting tenants by the end of the year.