Posted inDevelopment, Local news

Foxconn to alter local manufacturing plans? Report says yes

A published report Wednesday sent ripples in every direction when Nikkei Asian Times reported that Foxconn Technology Group will shift its production of displays at the planned Racine County complex to small to midsized units. This would be a move away from its publicized original intent to create large-scale displays. The publication suggested that supply chain […]

Posted inDevelopment, Local news, Real Estate

Real Estate Transfers: Former CSL Plasma Building sells

Several commercial buildings in Racine and Caledonia are among $14.4 million in real estate transfers that occurred between May 7 through May 11, according to the Racine County Clerk of Deeds Office. Here are the real estate highlights: Newman Enterprises Inc. sold a commercial building at 1601 Washington Ave., to Kim Ellis, of West Allis, […]

Posted inDevelopment, Local news, Real Estate

Property Transfers: Apartment buildings, Southport Heating and Plumbing sell

Racine County Property Transfers: April 30 through May 4 Over $27 million in properties changed hands between April 30 through May 4, according to the Racine County Clerk of Deeds Office. Here are the highlights: Caledonia-based RBP3 LLC sold an industrial building at 1342 S. 27th St., to Boston, MA-based Stag Industrial Holdings LLC for […]

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Real estate brief: 17 more properties for Foxconn sell

The Village of Mount Pleasant is continuing to acquire land for the first phase of Foxconn Technology Group’s 22-million square foot manufacturing campus. The Foxconn campus will include multiple buildings totaling 22 million square feet on a 1,000-acre parcel. The project is expected to generate $31 million per year in new property tax revenue, which […]

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UPDATE: Homeowners ready for Foxconn lawsuit, say fair offer would sway them

UPDATE: Despite a number of neighbors opposing the move, the Mount Pleasant Community Development Authority voted 6 to 1 in favor of designating several properties as blighted, according to a story by the Journal Times. The Mount Pleasant Village Board is expected to take up the matter at its next meeting. ORIGINAL STORY: The Foxconn […]

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Mount Pleasant hands over 787 acres to Foxconn for $37 million

The Village of Mount Pleasant deeded over 787 acres last week to FEWI Development Corp., the developer for the Foxconn Technology Group project, for about $37 million. Despite a federal lawsuit being filed against the village by a number of neighbors that haven’t sold, the village is expected to oversee the bid process for the demolition and […]

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Property Transfers: De’Pizza Chef sold, Farm Family Restaurant transfer to son

Over 90 properties changed hands between April 16 through April 20, according to the Racine County Clerk of Deeds. Property transfers The Village of Mount Pleasant purchased a number of properties for the Foxconn Technology Group development, which includes a 10 million-square-foot manufacturing campus. Read more about the Foxconn project. Howard P.Luxner sold 5138 East […]

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Press Release: Community Leaders Celebrate Ground Breaking In Uptown

Local, state and federal officials today joined investment and development partners to celebrate the ground breaking of 1418-1424 Washington Avenue–the newest mixed use total building rehabilitation in Racine’s Uptown neighborhood. Mayor Cory Mason spoke and stated “The City of Racine has committed a large percentage of our energy and HUD block grant funds to the […]

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Mixed-Use Apartment and Retail Development Proposed Near Pleasant Prairie Outlet Mall

PLEASANT PRAIRIE – A new mixed-use development was announced just east of the Pleasant Prairie Premium Outlet mall. The Business Times reported Monday that the 16-acre development, Breeze Terrace, will feature more than 200 apartment units, along with restaurants and retail stores. No businesses have been named yet for the two 4,000 square foot restaurants […]

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Property transfers: 12 Foxconn properties fetch $14 million

The properties in Mount Pleasant for the Foxconn project continue to sell. Here’s what prices these agricultural, and single-family homes are getting. Foxconn property acquisition Foxconn Technology Group plans to build a 20 million-square-foot manufacturing campus in Mount Pleasant to make LCD screens. Expected to generate 10,000 construction jobs and 3,000 permanent positions, the $10 billion project is the largest […]

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Heritage Preservation Plan Community Workshop Scheduled For April 10

Editor’s note: This is a press release from the City of Racine. The City of Racine Landmarks Preservation Commission is updating the City of Racine’s heritage preservation plan. The purpose of the update is to formulate and identify specific strategies that enhance the City’s preservation program. This plan will build on past successes while proposing additional actions to […]