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Condos near Seven Stones progressing

Landscape crews work at the site of the Seven Stones condo project in Sussex Friday, Nov. 18, 2011.

Landscape crews work at the site of the Seven Stones condo project in Sussex Friday, Nov. 18, 2011. Photo By Todd Ponath

Nov. 29, 2011

Village of Sussex - Units have already been sold for a 56-unit condo development near Seven Stone and Williams Drive off Highway 164 said Sussex Village Administrator Jeremy Smith.

"They are building for people," Smith said Tuesday. He said the final lift of asphalt was put down recently. Site grading, installation of water mains, sanitary sewer, and storm sewer, as well as curbs and gutters for streets were also completed recently.

Village officials provided more than a million dollars for public improvements in order to help spur sales next spring in a private condominium project whose developers have entered into a unique agreement with the village. The land owners, Peter and Herbert Gross, along with John Whalen of Corner Stone Development, have agreed to repay the village for the improvements through special real estate tax assessments. Construction contractors D.F. Tomasini of Sussex submitted the lowest competitive bid for the project at $1,043, 237.

Smith said Tuesday the next phase of construction is a clubhouse and the first unit before the end of the year and coming out of spring the goal is to be working on the next couple of buildings.

"There's no sense in slowing down," Smith said. "It helps numbers all around and helps developers pay back the village's investment."

Smith said the village wanted to complete the public works projects as soon as possible so enough construction work could be completed to begin marketing some of the 56 condos, priced between the mid-$200,000 and $300,000 range, in the spring.

Smith said the agreement with the village regarding the public improvement contract enables the developers to "jump start" the project.

Smith described it as a "win-win" for both the village and the developer. He explained the developer is able to finance and build the project more quickly because of the village's willingness to help quickly build the public improvements and allow the developer to reimburse the village later.

The new condo units would help expand the village's real estate tax base in the midst of an economic recession that has resulted in lower real estate values across Lake Country.
 

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Weekend Happenings

Featured this week:  

Musical Theater Audition Workshop: 1 p.m. April 18, Lake Country Playhouse, 221 E. Capitol Drive, Hartland. April 18 workshop is held from 1-4 p.m. for ages 16 and up April 19 workshop is held from 11 a.m.-2:30 p.m. for children ages 8 to 15. Tuition is $85 per session. Enroll via email broadwayplayground@gmail.com

Chris Kohn: 9:30 p.m. April 18, Delafield Brewhaus, 3832 Hillside Drive, Delafield. Kohn’s original music is a  blend of acoustic rock, funk, jazz and soul. For information call (262) 646-7821.

Jeremy Allen’s Grand Illusions: 2 p.m., 6 p.m. April 18, Hamilton Fine Arts Center, W220 N6151 Town Line Road, Sussex. Allen performance includes live tigers, death-defying escapes and awesome illusions. $0-$50. hamiltonfineartscenter.com

 

Wisconsin Poet Laureate Kimberly Blaeser: 10:30 a.m. April 18, Delafield Public Library, 500 Genesee St., Delafield. Blaeser will discuss poetry, answer questions, and sign books. Blaeser is a UW-Milwaukee English professor of Anishinaabe ancestry. Free.

Updates to this calendar are made weekly Monday afternoon. 

 

All weekend happenings.