George’s Ballroom project moves forward
NEW ULM – Demolition of George’s Ballroom is expected to occur this August or September as part of a redevelopment plan including the creation of a multi-residential building and commercial retail space on the site.
The redevelopment is being managed by The Coldwell Banker Commercial (CBC) Fisher Group from Mankato. For the last few months, the Fisher Group has been soliciting input from the public on the design and theme of the new building.
During a meeting of the New Ulm Chambers Hot Topics lunch, Fisher Group managing director Dain Fisher answered questions about the George’s Ballroom redevelopment project while seeking additional input.
The new building will have around 85 apartment units, built on four stories with underground parking for every resident. An additional 35 parking stalls will be on ground level for guests. Residential amenities will include a community lounge, bike repair, pet wash, rooftop lounge, 16 EV charging stations in the garage and outdoor green space plaza.
Fisher estimated the building will cost around $20 million.
“We are looking at about a 20-month timeline,” Fisher said. “We would like to break ground, which means demo first, and that would be mid to late August, early September 2024.”