Ogden & Company Investment Partners

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  • Multi-Family Projects Gear Up in Sussex, Brookfield

    Developer Arthur Sawall of Brookfield plans to build five 30-unit apartment buildings, as well as 12,000 square feet of retail space at the southwest corner of Main Street and Waukesha Avenue in Sussex. The Business Journal reports that the project would be developed on a 10-acre parcel that has sat vacant for two decades. Sawall purchased the site two years ago, according to village administrator Jeremy Smith. Construction on the first phase is expected to begin by May. The $8 million-plus investment will include two of the three-story apartment buildings. Part of the site preparation cost could be funded through tax-incremental financing. The remaining three apartment buildings will be developed at a later date, as existing units lease up. Once construction of the residential component is complete, Sawall plans to break ground on the retail portion, which will consist of two buildings.

    Milwaukee 03 February 2013 02:55