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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:  

David HB Drake: Wiscon-Sing: 7 p.m. March 20, Peace Lutheran Church & Academy, W240-N6145 Maple Ave., Sussex. Using folk music and instruments, musician and songwriter David HB Drake presents Wiscon-Sing, taking the audience on a multimedia musical tour through Wisconsin’s history. Entertaining education for all ages. Free. www.peacelutheranacademy.org

 The Milwaukee Guitar Quartet: 4 p.m. March 22, Hawks Inn Visitor Center, 426 Wells St., Delafield. Classical guitar quartet performs various styles, from Baroque to Sousa. Concert is 4-6 p.m. Call (262) 337-1560 for information., $10. www.summerstageofdelafield.org

Fish Fry: 4:30 p.m. March 20, St. Paul School, S38 W31602 County Road D, Genesee Depot. All-you-can-eat fish fry, from 4:30 to 7:30 p.m., includes baked potato or curly fries, coleslaw, dessert, applesauce, grilled cheese, coffee or milk. Soda and beer available for purchase. $10.50 adult, $5 children, free for ages 4 and younger.

 Chili Lunch and Pie Auction: 10 a.m. March 22, Zion Lutheran Church, N557 Main St., Ashippun. The annual event will be held from 10 a.m. to 1 p.m. For more information call the church office at (920) 474-7234 or www.zionashippun.org

Updates to this calendar are made weekly Monday afternoon. 

 

All weekend happenings.