Plans for the
Reserve at Brookfield inside Bishop’s Woods in
Brookfield include a resort-style pool, 194 luxury
apartment units and controlled access gates.
BROOKFIELD - The Brookfield Plan Commission liked what
it saw in the renderings and plans for 194 luxury
apartments proposed for the Bishop’s Woods development
off Bluemound Road and is recommending that the Common
Council approves the comprehensive plan amendment and
rezoning during its next meeting.
According to a memo from Michael J. Campbell of Campbell
Capital Group included in the meeting packet, there is a
demand for luxury apartments in Brookfield.
luxury apartment market today consists of an affluent
renter who chooses to rent versus own and is looking for
upscale communities such as Brookfield, which offer
close proximity to jobs, upscale retail and restaurants.
Furthermore, the empty-nester that has chosen to
downsize their lifestyle may also see the Reserve at
Brookfield a chance to remain a part of the community,”
reads the memo.
four-story apartment building would be wrapped around a
concrete parking garage, which is a good option for the
property that offers topographical challenges, such as a
40-foot drop, according to the memo.
Proposed for inside the
Bishop’s Woods office park off Bluemound Road in
Brookfield, the four-story Reserve at Brookfield
would contain 194 luxury apartments and indoor
Campbell also wrote that the Reserve at Brookfield would
contribute more to the tax base than an office building
would if constructed at the empty site.
approximate 60,000-square-foot office building would be
valued at around $1.8 million and contribute about
$134,000 in tax revenue per year, according to the memo,
while the luxury apartment building containing 194 units
valued at an average of $125,000 per unit would be worth
around $24,250,000 and generate about $460,750 in tax
revenue each year.
Campbell also said because this type of development does
not generally attract renters with kids, there would be
little impact on the school system.
features of the development would be controlled-access
gates, a two-story clubhouse and leasing office,
resort-style pool, private courtyards and
state-of-the-art fitness center. Site design would also
include improvements to Chancellery Park to enhance the
experience of winding through Bishop’s Woods’ office
at the meeting, a public hearing was recommended for a
Neumann Companies’ proposed 46-lot single-family
subdivision at 15425 Lisbon Road.
other Brookfield development news, the Common Council
approved the creation of the $2.49 million tax
incremental district No. 4, which would would support
the construction of approximately 320,000 square feet of
industrial building on land at about 21200 Gumina Road,
which formerly was located in the Town of Brookfield.