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GASLIGHT APARTMENTS KAUKAUNA WI

8/22/2023

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A signed development agreement, loan agreement, and financial authorization from
the developer’s lender are minimum requirements that must be met to sell the
property. 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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