Madison-based Gebhardt Development received an extension from the Windsor Village Board for an apartment project in the village that will have a delayed start, according to a report from the DeForest Times-Tribune.
The developer requested an extension on the project because of increased construction costs, supply chain issues, and interest rates that would not make it financially feasible to meet the May 31, 2023 deadline for beginning construction.
In a letter to the board, Gebhardt Vice President of Operations Michael Carter reiterated the company’s commitment to building a 122-unit multifamily residential complex at the intersection of Gray Road and Lake Road.
The project had previously been approved in the Windsor Plan Commission on Aug. 12, 2021 and by the Village Board on Sept. 2, 2021.
