Grafton approves second phase for Lumberyard apartment project
Plans for development show 47 apartments on three floors

By Melanie Boyung - News Graphic Staff

August 24, 2017

GRAFTON — The Lumberyard 1505 development in Downtown Grafton will add more apartments this fall.

The 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 building.

“The 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.

“I think it presents a consistent look while remaining consistent with the overall development,” Wolff said.

The 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 year.

“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 month.

Email: mboyung@conleynet.com

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