February 09, 2015

If you haven't been out to the east side of Menasha lately take a drive, the changes are dramatic. Entering into development agreements with both Lexington Homes and Cypress Homes has led to impressive amounts of growth in the area for the City of Menasha. So much so that both builders are well ahead of the milestones that were anticipated in their agreements.

Cypress Homes has completely sold out in their 'Cottages at Lake Park' development, the 16 homes will have a value of around $3 million. Cypress Homes has also built a spec home in Lake Park Villas and has an agreement with the City to purchase 3 more lots in Lake Park Villas in 2015. We anticipate this continuing relationship with Cypress Homes will bring new families to Lake Park Villas and the care-free lifestyle the development represents, as they also plan to purchase 3 more lots in 2015.

Construction on a custom single family home designed by the owner is also set to begin this spring in Lake Park Villas.

In its February 2nd meeting, the Common Council approved an agreement with Lexington Homes that allows the opening of phase II & III of the Ponds of Menasha. Lexington Homes has already built around 68 homes in the development with a value of at least $12 million. They are far ahead of their milestone of reaching a value of $11.9 million by 2017.

The City incurred over $9 million in debt creating the original Lake Park Villas development and land purchase, today as a result of the rapid recent development in the area that debit is down to $5,013,075.

I'm also excited about the prospect of two other developments nearby. The first being Menasha Woodlands Park. This new 5 acre park will be just north of Villa Way at the extension of Lotus Trail. A public meeting a few weeks ago attracted dozens of people to talk about the new park in their neighborhood, waiting anxiously for it to be available for them and their children. The second being a new branch of Community First Credit Union which is to be built at the corner of Lake Park Road and Hwy 10-114. It is expected that the credit union branch will have a value of more than $1 million when complete.

Our eastern shore is growing thanks to great development partners, and attracting great new families to Menasha.
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