GRAFTON — The Lumberyard 1505 development in Downtown
Grafton will add more apartments this fall.
Plan Commission Tuesday approved the second phase of the
Lumberyard development unanimously. There was relatively
little discussion about the site plan, which will
augment the phase one residential and commercial
proposed building is very consistent with the (original)
site plan,” Village Director of Planning and Development
Jessica Wolff said.
Architectural and site plans submitted to the village
show 47 apartment units on three floors in the phase two
building: five studio units between 545 square feet and
645 square feet; 21 one-bedroom apartments between 795
square feet and 890 square feet; two one-bedroom with
den units that are 930 square feet; and 19 two-bedroom
units between 1,030 square feet and 1,202 square feet.
Wolff said the building design matches the building
already constructed; the main difference she noted at
Plan Commission was that this building’s balconies are
recessed, instead of protruding.
think it presents a consistent look while remaining
consistent with the overall development,” Wolff said.
developer leading the project, Fiduciary Real Estate,
intends to start construction on the second phase this
fall, for completion late summer or early fall of next
“We’re here today for phase two, obviously, because
phase one is leasing out much faster than expected,”
Steve Bursell of Fiduciary said.
Bursell said Fiduciary is expecting the first phase will
reach capacity soon, months ahead of earlier
projections. The phase one apartments are about
70-percent leased, and they have letters of intent for
all five commercial spaces on the first floor. Three of
the businesses are in lease negotiations.
Bursell did not share specific tenants, though he said
one of the businesses will be a coffee shop whose name
people recognize. The Plan Commission also approved an
ordinance amendment to allow a drop-off dry cleaner
location as a permitted use in the Lumberyard 1505’s
zoning, indicating another business in negotiations.
Bursell said he hopes to have a few of the leases
finalized so tenant names can be released within about a
<<EARLIER: Lumberyard launches phase 2