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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:  

Spring Seedling Sale & Greenhouse Open House: 10 a.m. May 23, NuGenesis Farm, N68 W33208 County Road K, Oconomowoc. A variety of organic veggie and herb seedlings to plant in your home or community garden this spring will be for sale. All plant sale profits will benefit the Giving Garden initiative.

Memorial Honor Celebration: 8 a.m. May 23, Wisconsin Harley-Davidson, 1280 Blue Ribbon Drive, Oconomowoc. Daylong event begins with reveille and breakfast at 8 a.m. followed by color guard and the national anthem. The event also includes military and veterans organizations, interactive displays and vehicles, food and beverages and entertainment. Evening showing of “Honor Flight: One Last Mission.” on a big, outdoor screen.

"Small Space Container Gardens" Seminar: 11 a.m. May 23, Ebert’s Greenhouse Village, W1795 Fox Road, Ixonia. Free educational seminar by gardening expert Melinda Myers. Melinda, who will also be available to answer gardening questions. Enter to win a $500 Ebert’s shopping spree with Melinda.

Tyke Hike: 10 a.m. May 23, Lapham Peak State Park, W329 N846, Delafield. Children and their families will hike with a guide and a representative of the Delafield Library will share books, songs and a craft to enhance the experience. Meet at the Lapham Peak Tower. State park sticker is required.

Updates to this calendar are made weekly Monday afternoon. 

 

All weekend happenings

 

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