New building planned for downtown Pewaukee
Realtor says building’s exterior will have a ‘Nantucket look’

By Alison Fox - Freeman Staff

 August 15, 2014

PEWAUKEE - Siepmann Realty Corp. is preparing to build a 10,000-square-foot, two-story building at 125 W. Wisconsin Ave., in the downtown area of Pewaukee.

The building will be across the street from the Pewaukee beach and a condominium building. It will include retail or restaurant space on the first floor and office space on the second floor.

Siepmann Realty President Jim Siepmann said Pewaukee residents will be pleased with the building, as it will complement the architecture of the current buildings lining the lake on Wisconsin Avenue. In 2002, the firm built two buildings on Wisconsin Avenue that are now occupied by the Chocolate Factory and the Lakefront Grille.

The main goal of Siepmann Realty was to create a building plan for diversity in the types of buildings within the downtown area, which is something Siepmann said the village is looking for.

The exterior of the building will have a Nantucket seaside look, Siepmann said. There will be a stone base along the first floor exterior and shingles will cover the second floor exterior.

“I think people will be very pleased with it,” he said.

Siepmann said his firm has an office tenant commitment for the entire second floor, which he declined to name. He said he hopes to break ground on the project in September with plans for completion by August 2015 - at the request of the unnamed tenant.

The firm has not yet secured tenants for the first floor, which will have four units.

Siepmann said the firm had to jump many hurdles during the planning process regarding the vacant space in which it plans to build. The space was previously occupied by a BP gas station, which was torn down about eight years ago, and is also on a wetland. He said the firm has worked with the state Department of Natural Resources to remediate the site.

Siepmann said he has a good feeling the project will get the OK from the Pewaukee Plan Commission.

“We have gotten great feedback from the village president (Jeff Knutson) and staff,” he said. “When we do these kinds of things it’s in partnership with the village.”