KAUKAUNA — The often-delayed apartment project on the former Gustman’s site on Kaukauna’s north side is set to resume soon, according to the city of Kaukauna.
Preliminary site work and environment remediation began on the project last November, but since then, building costs and interest rates have increased, according to a news release Friday from the city of Kaukauna.
Due to the rising costs of the project, the building underwent a series of value engineering changes to reduce costs, although the high quality finishings, façade and size of the project remain the same.
All value engineering was isolated to internal systems and not the aesthetic or quality of the building.
The city announced Friday that the engineering work has been completed, and the project is ready to start site work again. Site preparation will resume soon, followed by foundation pouring.
“Kaukauna is excited for this project and the economic benefit it will have for the local economy,” read the news release.
In March, developers announced that Kaukauna’s Dreamville apartments will dedicate 75% of its units to workforce-rate housing after applying for a bond from the Public Finance Authority.
The $30 million project originally was going to be all market-rate units, but will now have 135 of its planned 180 units available to those making $55,000 or less.
The development will include two 5-story 90-unit apartments.
Apartments will range from studio size to 3-bedroom units. The complex will also include underground parking, as well as surface parking on-site, according to a news release from the city.
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