This new apartment community will attract a great mix of residents into downtown, particularly, young professionals and active adults to enjoy the benefits of living in a modern building with great amenities in a beautiful location and thriving community. Moreover, these new residents will bring new patronage and support to our local businesses for the benefit of all”.Īt the time of this release, the City has delivered a development agreement to the developer for their execution. Without the City’s vision and support, these projects could not take place. Jim Walter of Harvest Development shares, “We are thrilled to be working with the City of Kaukauna to bring these two projects into existence. Other Northeast Wisconsin communities have seen a positive correlation between new downtown residential offerings and increased business demand for both new and existing services, such as dining, shopping, and entertainment within close driving or walking distance. Kaukauna’s Mayor Tony Penterman notes, “We’re excited to see this vacant site developed and are confident that this project will be highly impactful on our community”. A hyper-competitive housing market in the Fox Cities also makes renting a compelling option for many. This market demand is due to a number of factors, including shifting housing preferences for young professionals and empty-nesters, a limited inventory of single-family homes, and a limited number of new multi-family construction projects in Kaukauna over the last decade. 109 new rental units will come online through 2023 between this project and the redevelopment of the Carnegie Building. The report noted conservatively that existing demand could support 150 new units in the downtown over the next five years. Proposed Edgewater Pointe Apartments From Catherine Street (From Abacus Architects)Ī recently completed housing analysis of Kaukauna’s downtown area completed by Redevelopment Resources in 2021 notes a significant gap in apartment inventory.
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