Construction is underway of
4200 On The Lake, a $38 million, 236-unit luxury apartment project along Lake Michigan in St. Francis.
The project is being developed by Chicago-based
M&R Development and Atlanta-based
Campbell Capital Group LLC. It will feature amenities such as a two-story clubhouse, bike-sharing station, pet-washing station and an outdoor swimming pool overlooking the lake.
Construction
kicked off this spring, and has continued throughout the COVID-19 pandemic with few setbacks to speak of, Anthony Rossi Sr., managing partner of M&R Development, said.
"The most difficult part has been accomplished, and that's getting it (the building) out of the ground and, as we say, going vertical," Rossi said. "We're proceeding from completing the north side of the property to the last phase that will be done, the south side."
He said the project is still on track to finish in the spring, with the building ready to take in tenants sometime around April. Rossi said the project website is being developed, and pre-leasing activity should begin in February.
The project's construction is led by Madison-based general contractor
Stevens Construction Corp.
[gallery size="full" td_select_gallery_slide="slide" ids="511084,511082,511085,511083"]
Rossi said a couple of workers tested positive for COVID-19 during the project, which prompted the jobsite to shut down for a few days. Beyond that, the project lost a typical number of days to inclement weather this spring. Even so, the total number of lost days has not impacted the overall construction schedule, Rossi added.
And so far the global pandemic has not created issues in other ways, such as disrupting the delivery of equipment and supplies. Rossi said the project team has been shying away from overseas shipments to try and avoid such issues. For instance, he said, all appliances are being manufactured in the Midwest area. He acknowledged the strategy means they are sometimes paying more for equipment and supplies.
"It's more important than saving every last nickel that you keep the job on schedule," he said. "So, we're trying to do pretty much everything possible to keep that supply as close to home as possible."
