Third phase of lumberyard project moves forward

Proposal for townhomes building gets thumbs up from Architectural Review Board
By 
JOE POIRIER
Ozaukee Press Staff

Plans are moving forward for the development of the third phase of the former lumberyard site in downtown Grafton. 

Last week, the village’s Architectural Review Board approved plans for a building  in the 1505 Apartments complex that will house six townhomes on Wisconsin Avenue.

“It will be a unique building that will fit well in an urban setting,” said Steve Bersell, chief operating officer of Fiduciary Real Estate Development.

“The idea to build town homes was really driven by the site. It’s long and narrow and so it was the best type of building that would fit in the area.”

Pending approval from the Plan Commission next week and Village Board in February, Bersell said he expects construction of the 12,000-square-foot building to start by May 1 and the structure to be ready for occupancy by Feb. 1, 2020.

The building will consist of three levels, including two-car garages and private entrances on the ground level, a main living area on the second floor, and two bedrooms and bathrooms on the third level. Some of the units will have a fireplace. 

“When the project is finished, it will add a high-end product to the Grafton marketplace,” Bersell said, noting he expects townhomes rent to average $2,000 per month.

Prior to the construction of the apartment complex, the site of the townhomes was a former day-care center. 

Bersell said he expects the fourth and final phase of the project to begin this time next year on a vacant half-acre at the lumberyard site. Plans call for a 3,000-square-foot commercial building that Bersell said would be ideal for a bank.

“We want it to be a professional and complementary use to what we are building around there,” he said.

The 10,000 square feet of commercial space in the 1505 Apartments has been accounted for, Bersell said. The tenants include Fiddleheads Coffee, an office for Edward Jones Investments, Grafton Orthodontics and Sahale Ale Works microbrewery, which plans to move in this spring.

Bersell said 96% of the 77 units in the first phase of the apartment complex have been leased, and 25 of the 47 units in the second phase, which was completed in November, are occupied. He expects all the units to be leased by early spring.

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Wisconsin’s largest paid circulation community weekly newspaper. Serving Port Washington, Saukville, Grafton, Fredonia, Belgium, as well as Ozaukee County government. Locally owned and printed in Port Washington, Wisconsin.

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