Zilber's phased industrial plan in Pleasant Prairie begins with proposed spec building

Zilber’s phased industrial plan in Pleasant Prairie begins with proposed spec building

Posted in Kenosha County Economic Development

Zilber Property Group proposes a 152,334-square-foot speculative industrial building in Pleasant Prairie’s LakeView Corporate Park — the first part of a planned three-phase development.

The facility is pitched at the southwest corner of State Highway 31 and 108th Street, near the Balcan Plastics facility. Village documents show what is referred to as Zilber Industrial 3 would be a nearly 140-foot-tall building that includes 91 parking spaces and 15 trailer stalls, two drive-in doors and 16 dock doors on the south side of the building.

Before permits are issued, the developer must finalize a certified survey map dedicating right-of-way and utility and stormwater easements, and execute a stormwater maintenance agreement and the development agreement covering a water main extension. The water main itself must be completed by Nov. 15, 2027.

The proposed building is part of a three-phase plan by Zilber to develop about 685,000 square feet of industrial space across up to four small to mid-sized buildings and create up to 350 jobs, according to a village staff report. The facilities, which are planned within a tax incremental district, could accommodate manufacturing and distribution uses, the report states.

Some of the parcels involved in the phased plan were among those the developer acquired earlier this year, when it paid $8.2 million for nearly 97 acres in the business park. Zilber said at the time that it intends to develop the parcels included in that deal with about 875,000 square feet across five industrial buildings aimed at manufacturing, distribution and e-commerce tenants.

The Pleasant Prairie Plan Commission is scheduled Aug. 17 to review site and operational plans for the first project, which is planned on a 22.85-acre site.

It is also set to consider a certified survey map and development agreement covering proposed tax incremental financing and public improvement expectations, with final sign-off required from the Village Board, said Community Development Director Rob Hanson.

The village could provide up to $3.5 million in tax incremental financing across the three phases, or about 35% of the projected tax increment. The incentives would break down to up to $654,462 for the project now up for review, up to $1.68 million for a second phase that could include two buildings, and up to $1.16 million for a third phase with one building.

Read more at the Milwaukee Business Journal.

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