SUMMIT — General
Capital Group has approached the village of Summit with plans to
construct a four-phase 500,000 to 575,000-square-foot industrial
complex on the south side of Interstate 94 near Delafield Road.
The Plan Commission will discuss the concept review and compare it
to what the master plan recommends for the area during its meeting
Thursday, said Village Administrator Henry Elling. According to the
village’s master plan, the 57.5-acre site General Capital is under
contract to purchase is proposed for a business park development.
Elling said there is no sewer or water connected to the site so the
village would need to discuss extending those services with the city
of Oconomowoc, which is under a boundary agreement to bring sewer to
According to paperwork filed with Summit Village Hall, Fox
Point-based General Capital is working with a light manufacturing
tenant that plans to build a new corporate campus. The proposed
project would bring a “significant number of new manufacturing jobs
to the village and is projected to add about $23 to $25 million to
the village tax base,” according to the letter from Steve Sirkis
with General Capital.
General Capital is proposing to construct the development in four
phases starting in 2015 with the first phase being about 150,000
square feet in size. The final phase would approximately be
completed in 2019, according to the documents.
Sirkis did not immediately return a call for comment Friday