HomeMy WebLinkAbout._Workshop CITY OF OSHKOSH- POTENTIAL DEVELOPMENT PROJECTS SUMMARY
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1. 700 Block S Main - 60+ unit Low-Income Apartment building
Developer/Owner: Northpointe Development (Andy Dumke& Cal Schultz)
Building Area: 81,792 apartments with 27,264 sf underground parking Estimated Budget: $11 million
Possible Incentives: Low Income Housing Tax Credits (LIHTC),TIF, WEDC Brownsfield grant
Development Obstacles: Low Income Units, Environmental Contamination (possibly$1+ million)
2. Smith School- 1745 Oregon St - 25+ Market-rate apartments (possibly low income)
Developer/Owner:Andy Dumke, Cal Schultz, Chet Wesenberg,Tim Hess
Building Area: 32,690 (more if low income) Estimated Budget: $4.1 million
Possible Incentives: Historic Tax Credits (HTC),TIF, (possibly LIHTC)
Development Obstacles: HTC inefficiency, Historic preservation costs, substantial deferred maintenance
3. US Bank Building- 111 N Main - Mixed use, commercial & 16+condos
Developer/Owner:Andy Dumke, Cal Schultz (possibly) , Chet Wesenberg,Tim Hess
Building Area:49,188 sf Estimated Budget: $6.2 million
Possible Incentives:WEDC CDI Grant,TIF
Development Obstacles: Excessive redevelopment/construction costs, limited parking
4. 537 N Main St - Community Hall/ Event Space
Developer/Owner: Eric Hoopman
Building Area: 11,652 sf Estimated Budget: $1-1.2 million
Possible Incentives: Historic Tax Credits,WEDC CDI Grant,TIF
Development Obstacles: Historic Preservation Costs
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