Multi-family development on School District land near Oakdale Drive
Waukesha
Summary
Fiduciary Real Estate wants to build 15 apartment buildings with 384 units in two phases on 36.7 acres the school district is selling. Neighbors fear traffic, cut-through driving, safety at the park and bus stop, and a change in neighborhood character. No vote was taken — the commission gave feedback and the developer will return this fall.
At a glance
- Total mentions
- 15
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 23, 2026.
Impact analysis
The site is currently tax-exempt school district land, so any development would add it to the tax rolls — the developer touts a roughly $60 million investment, though no tax impact estimates exist yet.
Renters seeking new market-rate housing, the school district as seller, and the city's tax base.
Residents of the adjacent River Hills and surrounding single-family neighborhoods, who fear traffic, safety impacts near the park and bus stop, and loss of their green-space view.
Mentions & discussions (1)
Related development
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