Preliminary plans for a new 144-unit apartment complex in Newton are coming together, according to Newton city officials and Wichita developer Jason Van Sickle, president of J. Van Sickle and Co.
“This is the first push toward a small town development concept that we’re going to try to take to other cities across Kansas,” Van Sickle said.
“I think there’s a lot of opportunity in Newton and towns of a similar size for new construction apartments. There aren’t a lot of them built in smaller towns and their rates are usually about 30 percent lower than rates in Wichita.”
The project, which will be located at Kansas Avenue and Southwest 24th St., will be a mix of one and two-bedroom apartments.
Van Sickle says they have a $9 million construction budget but the total project will be valued closer to $14 million.
“We’re excited to have him determine that Newton is the right place to invest and build,” said Tim Johnson, Newton assistant city manager.
Van Sickle estimates it will be another 90 to 120 days before ground is broken.
Johnson said no incentives from the city have been asked requested or offered for the project. It also doesn’t expect any state or federal subsidies, Van Sickle said.
“This will be the first pure market rate apartment project in many, many years,” Johnson said.
The site will need to be rezoned and subdivided to move forward, he said.
Others involved in the project include Studium Architects, Cathcart Architects, general contractor Icon Structures, engineering consultants InSite Group and KE Miller Engineering.