Four-phase industrial development proposed for Summit

Special to The Freeman

Jan. 16, 2015

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 the area.

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 afternoon.

www.generalcapitalgroup.com