After waiting years for something to go in at the triangular intersection of Park Street and Fish Hatchery Road, some south-side residents are looking to wait a bit longer to digest a major apartment proposal.

Middleton-based developer T. Wall Enterprises is scheduled to present updated plans Thursday for Wingra Point 2, a six-story, mixed-use project with lower level parking and a second level roof garden terrace.

A neighborhood meeting is scheduled for 6:30 p.m. at the Madison Water Utility Building at 119 E Olin Ave.

The new building would contain 173 apartment units above 9,330 square feet of commercial space on the first level. Vehicles would access the parking structure from Park Street, with a total of 177 parking stalls on site.

While the project would complete redevelopment of the former Bancroft Dairy site, a neighborhood group wants a chance to get more involved in the process. About half of the 3.3-acre site has already been developed into UW Health’s new 78,000-square-foot Wingra Clinic.

“We are neither for or against the proposed buildings at this point, but we have some serious concerns about the plans we have seen to date,” said Carrie Rothburd, who owns a home on West Lakeside Street, a half block from the proposed development.

Rothburd is looking to form a development steering committee through the Bay Creek Neighborhood Association that could dive deeper into what is proposed and offer constructive feedback to the developer and city.

Initial plans unveiled in December called for 186 apartment units over 13,000 square feet of commercial space. But after getting feedback from neighbors at a meeting in January, T. Wall has downsized things a bit.

“The project is still in an early stage,” cautioned District 13 Ald. Lucas Dailey.

Dailey, who was appointed to the council midterm with the understanding he would not run for election, has taken an arms-length approach the development. The April race is between Sara Eskrich and Zach Madden, which would factor into the project at a later date.

T. Wall has been ramping up the rental housing development on Madison’s south side. It recently opened the 67-unit Wingra Point apartments across from the old dairy site on Fish Hatchery Road.

The firm is also constructing the 80-unit Watermark Lofts apartments on John Nolen Drive just south of the Sheraton Hotel.

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