Within the next few months, construction crews expect to break ground for the 108,000-square-foot space on a 13-acre site located in Verona Technology Park north of the Kettle Moraine Trail.
The company’s proposal consists of two buildings – an 82,000-square-foot construction space, as well as a three-story structure for offices and laboratories.
The plans also state that there is space for 236 parking stalls. A new pond to the west of the site will accommodate storm water, the plans indicate.
Tizen said the goal is to break ground before the end of the year, begin construction at the manufacturing location next spring and open the building by the end of 2022 or early 2023 with manufacturing operations by 2024.
Project funding will come from “internal sources” and possibly some from Wisconsin Economic Development Corp, he said, adding he expects the deal to close in November.
But Verona city officials are yet to finalize Arrowhead’s plans, as well as determine how much money the city will invest in the project.
The Verona City Council has so far approved a certified survey map for building lots for construction at Tech Park – a move that usually means officials are looking for more approvals than what they look for in a project proposal. are.