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The Wausau Common Council approved a $750,000 loan for a $10.5 million renovation of Riverside Place.

The project will modernize office space and add 52 residential units to the building's top two floors.

This renovation aims to provide "missing middle" housing for the city's downtown area.

The developer, Lokre, will also reduce its reserved parking spaces, potentially creating new revenue for the city.

WAUSAU – City residents will likely see more investment in downtown revitalization with an over $10 million renovation of Riverside Place at 11 Scott St.

The Common Council voted 7-4 in a regular meeting Oct. 28 to provide $750,000 in financial assistance to 11 Scott Street LLC, a subsidiary of Lokre Development, to renovate the over 100,000-square-foot office buil

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