The developer of Sussex’s Mammoth Springs apartments will begin construction this summer on that project’s final phase, and also is planning additional nearby developments totaling 245 apartment and condominium units over four years.
Art Sawall already has developed two three-story, 30-unit apartment buildings at Mammoth Springs, with two similar buildings about to open.
This summer, he plans to begin building a fifth apartment building, also with 30 units, and two commercial buildings with 6,500 square feet apiece.
The $20 million, 150-unit Mammoth Springs is being developed on 10 acres south of Main St. and west of Waukesha Ave./Highway 74.
Also, Sawall is planning over $30 million in additional downtown Sussex developments from 2016 through 2019. Those projects are:
■ Seventeen side-by-side duplexes, totaling 34 condo units, and a three-story building with 30 to 36 apartments, on a site south of Silver Spring Drive and west of Hickory Drive. Sawall plans to begin those developments in the summer of 2016.
■ A three-story, 57-unit apartment building south of Main St. where it intersects with Silver Spring Drive, with that project to start in the summer of 2017.
■ A pair of 14-unit townhouse-style buildings, and two three-story buildings with 30 and 36 apartments, on land north of Silver Spring Drive and south of the Mammoth Springs quarry pond. Work on those buildings is to begin in the summer of 2018.
■ A four-story, 24-unit apartment building north of Main St. and west of Waukesha Ave. That would likely be built in 2019.
Sawall is seeking village financing help in connection with the projects. He declined to comment the amount of the proposed financing help, and Village Administrator Jeremy Smith couldn’t be reached for comment Thursday.
Financing for Mammoth Spring includes $2.8 million in village funds provided through a tax incremental financing district. The new property taxes generated by Mammoth Springs are paying back that amount.
Sawall said demand for apartments at Mammoth Springs has been stronger than he expected, drawing both younger renters and empty nesters. Some of those residents work at Quad/Graphics Inc.’s nearby headquarters, he said.
Sawall, founded Brookfield-based ECT International Inc., and sold it in 2008 to software firm Bentley Systems Inc., based in Exton, Pa.
Written By Tom Daykin
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