Green Street Development has purchased a 17.5 acre site to redevelop into a high-density, mixed-use development at the eastern side of Sheboygan, Wis.
Located at 1440 S. 16th St., “The Oscar” will join the current site of the Van Der Vaart Concrete Company, formerly known as the Oscar Zimbal Brick Co.
The Oscar will consist of 240 apartments, a new Kwik Trip and a 1.5-acre lot for future redevelopment. The multifamily portion will provide a mix of one, two and three-bedroom apartments across three buildings with underground, temperature-controlled and secured parking.
The Oscar is a workforce housing development and will offer all of the top amenities and features that are expected in a new Class-A, residential community - but with a discount to other new apartments in town.
Van Der Vaart is moving just south of the site, allowing for The Oscar development, but will remain a member of the Sheboygan Economic Community.
“Green Street and our community partners share a vision to transform this site into its highest and best use, creating a unique sense of place while continuing to support local industry,” said Joel Oliver, senior vice president of development for Green Street St. Louis.
The Oscar is the largest known housing development in the city of Sheboygan and Green Street’s largest multifamily project to date. Consistent with Green Street’s track-record of award-winning, urban projects, the intention for the overall development is to provide a neighborhood-like feel while integrating distinctive architectural features to establish an exceptional community.
“The Oscar brings a new choice in living to the Sheboygan area as demand for residential and mix-use development quickly grows. Rosemann is excited to design this distinctive community and looks forward to collaborating with Green Street and teaming up with its project partners, said Jarrett Cooper, vice president/studio director with Rosemann & Associates, P.C., St. Louis, who is the architect on the project.
Other project partners include general contractor, ARCO Construction and project engineer, Stock and Associates. Colliers International is providing the construction loan and BMO Harris is participating as an equity partner.
The first phase of The Oscar is scheduled to open in September 2021.