For the first time in more than 75 years, the old hospital off Metomen Street is not owned by the city of Ripon.
Last week Friday, the city and Commonwealth Cos. of Fond du Lac closed on the sale of the property. It plans to place 28 apartments and 12 townhomes on the site, with some units available as soon as February.
Construction will begin this summer.
Commonwealth Cos. acquired the property for $75,000, though it also has been paying about $10,000 a month for the utilities at the site since Ripon Medical Center moved out in December.
The Fond du Lac developer also expects to pay hundreds of thousands of dollars in demolition to remove some of the less historic additions onto the building — a cost that has increased dramatically in recent weeks.
Despite such a financial setback, the company is excited to be moving forward.
“I think it’s going to be the best housing stock in the city and, I think, arguably in the county. It’s going to have all the amenities we like to put in,” said Jason Leffel, senior vice president of operations for Commonwealth Cos., adding the site will have everything from a community room to a play area for kids. “It will become, in a lot of ways, a showcase for what we can do in a rehab situation.”
Read the full story in the April 16, 2015 edition of the Ripon Commonwealth Press.