By Kevin Boneske
Staff Writer
ASHWAUBENON – After opening the first building to tenants last month, a formal ribbon-cutting ceremony was held Tuesday, Sept. 10, for The Element luxury apartment project.
Located on the north side of Marvelle Lane between Holmgren Way and Oneida Street, the multi-phased redevelopment project is the collaboration between Slinde Realty Company, FCM Corporation and the Village of Ashwaubenon.
Bert Slinde of Slinde Realty said about 50 percent of the space is already leased in the first apartment building, which consists of 71 units in the five-story structure with a variety of studio, one-bedroom, two-bedroom, two-bedroom-plus-den and three-bedroom layouts.
Monthly rent for apartments now available at The Element ranges from $979 for a studio with a bathroom to $2,050 for a two-bedroom-plus-den with two bathrooms.
“People seem to be really happy with the building, and so we’re pleased,” Slinde said.
The first building also features heated underground parking, a fitness room, stainless steel appliances, granite and quartz countertops, a package room, lobby lounge and an indoor/outdoor club room on the top floor.
“There’s magnificent views all over from our community room,” Slinde said. “The view of Lambeau Field is stunning, but one bonus was… Capital Credit Union Park. When we get up on the top of our balcony, to see that stadium lit up at night is also impressive.”
Construction is now underway for the second building with 71 units in a four-story structure planned for completion next July north of the first building.
“We’re really excited about that, too,” Slinde said. “That will have different amenities than this (first) building, but they’ll be all tied together as a community. We’re guardedly optimistic.”
He said the second building will also have a community room, along with a game room.
“Hopefully we’ll continue to rent these units until they’re full, and we’ll be moving on to the next building,” Slinde said.
The first two buildings were included in the first phase of the project, for which as many as five buildings consisting of 350 luxury apartments could be constructed with the planned unit development.
Slinde said the project is being developed one building at a time with the construction of subsequent buildings beyond the first two to be market-driven.