Former car lot may be revitalized, developed
Village, developer discussing apartment complex


Feb. 16, 2019

The village of Mukwonago is in the process of negotiating a deal with a developer for 84 apartments to be located at 915 Main St.

Submitted photo

MUKWONAGO — Village Board members will vote on spending approximately $80,000 to revitalize the former Lynch dealership at 915 Main Street as they continue negotiations with a developer to construct an apartment complex.

Village Administrator and Economic Development Director John Weidl said if approved, the village would tear down the former Lynch dealership and clean up the soil on the property, which was contaminated by the former tenant.

Discussions with the developer include a proposed 84-unit apartment complex that could have up to three separate buildings, according to a rendering. While the village is still negotiating with the developer, Weidl said the revitalization project would prepare the land to be marketed to other developers even if the 84-apartment complex falls through.

“Not only does it make sense in getting ready for this developer, it works out from a marketing perspective in working to get a developer on its site,” Weidl said. “Plus, it’s ugly and we’ve had some vandalism on the site.”

Weidl said the $80,000 it would cost to revitalize the property will come from a tax incremental financing district expense and will be recovered through the taxes paid by the developer once the development is complete.

According to a state of the village PowerPoint, the project could generate up to $10 million in new taxable development. Weidl did not want to discuss the specifics of the developer’s agreement. However, Weidl referenced the property in a previous article where he suggested a developer’s agreement for the property could generate $3.8 million in payments to the village over 20 years.

“As we’re still negotiating, it’s too soon for me to discuss the outcome,” Weidl said. “I would suggest it will fall in line with other agreements that the village has made over the last several years.”

The village purchased the 4.5-acre property for $1.2 million in 2014. The village had hoped to lure in a developer to create a mixed-use high-rise development with retail on the first floor and apartments or condos on the top floors, but those plans never materialized.

The Village Board may take action on the 915 Main St. revitalization plans at a meeting Wednesday at 6:30 p.m. in Village Hall, 440 River Crest Court. 262-513-2657