Apartment developer Jason Van Sickle is a lot closer to realizing a project that he said could bring as many as 300 apartment units to the city of Newton.
The Newton City Commission on Tuesday night approved a letter of intent to sell 15 acres of city-owned land to J. Van Sickle & Co. to build a complex that will have between 200 and 300 units.
“This has been a three-year effort for me in Newton, so we’re excited,” Van Sickle said.
The sale price of the land was $225,000, according to city documents.
Tim Johnson, Newton assistant city manager, said the land is on the west side of Newton, on the south side of West First Street and the west side of Boyd Street.
The letter of intent includes a provision that construction start by April 1, 2015.
“My goal right now is to break ground by the end of the year,” Van Sickle said.
The Newton project represents the first of what Van Sickle hopes will be the development of similar apartment complexes in rural Kansas cities. He said he also is working on developing apartment projects in Arkansas City and Valley Center.
Van Sickle’s company was the developer of the $20 million Chisholm Lake Apartments at K-96 and Oliver, which were completed last year.