SHEBOYGAN, WI (WHBL) - Roughly two months after word of 80 apartment units will be built where the former Boston Store property stood in downtown Sheboygan, a bigger apartment complex has been announced near the Sheboygan River.
Both the city and Eighth-New Jersey LLC announced Tuesday a 15-million dollar luxury apartment complex will be built along the west side of South Eighth Street between New Jersey and Virginia avenues.
As part of a deal to develop the space, the city will sell the land to the LLC for 10-dollars, and help finance part of the project by using $1.775-million dollars from a TIF district. The project will be owned by a joint venture, featuring principal owners SMET Construction Services of Green Bay and LCM Funds of Milwaukee. The LLC will finance and provide developer cash for the rest of the project.
The building will consist of approximately 91 apartment units, and will match the elevation changes on the site. Scott Revolinski of LCM Funds said in a statement, “The building is designed to make use of the existing site topography and provide an attractive, densely developed aesthetically pleasing to the central business district and enhance the use of an undeveloped parcel in a key revitalization area for the City.”
The building will include a roughly 100 stall parking garage and up to 35 exterior parking stalls. Amenities will include a lobby/common area space, exercise center, meeting space, community/entertaining space, central trash collection, bicycle storage, and a rooftop-deck with penthouse entry atop the structure.
Chad Pelishek, City of Sheboygan Director of Planning and Development said the apartments fit the city’s 2014 Harbor Center Master Plan, where this is considered the 8th Street Gateway. He adds in a statement, “Enlivening this space with the proposed street side housing development will provide a key connector between the downtown and the waterfront.”
The current plan is to start construction in June, with a final completion date around September of 2017. The first apartment residents could move in around spring of 2017.