Water’s Edge Condos to Replace Empty Lakeside Parcels

The Journal Times
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CALEDONIA — Three new condominium buildings are now officially coming to Caledonia, part of a project that has been floating around for a while, a project which will eliminate lakeside parcels that have sat unused for decades.

Construction plans for phase 1 of the Water’s Edge Condominium Development were approved at the Caledonia Village Board meeting Monday for three, 73-unit, 5-story condos located at 5915, 5919 and 5945 Water’s Edge Drive, formerly Erie Street, in Caledonia.

These locations include the former Olympia Brown School/R.E.A.L. School and former Western Publishing Co. Creative Center, now owned by the Village of Caledonia. The latter has been vacant since the mid-1990s.

The project is led by West Allis-based Cardinal Capital Management Inc., under the limited liability company CCM-Caledonia. The projected start of construction on the six-story condominiums has been set for later this year, and the projected end date for the entire project is 2027.