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 […]
Category: Development
Posted inDevelopment, News, Real Estate
Kmart building in Caledonia sold for $2 million
Kmart, 5141 Douglas Avenue in Caledonia, has been sold to Brookfield-based Zales Discount LLC for about $2 million. No official announcements have been made to close that location. Village officials fear that could happen with the company on shaky ground. But Racine County Eye reached out to the manager of the store who said the sale […]
Posted inDevelopment, News
Public comment sought on Foxconn air permit proposal
Public announcement: The Wisconsin Department of Natural Resources (DNR) is seeking public comment on air permit drafts for the Foxconn liquid crystal display manufacturing facility proposed for construction in Racine County. The DNR will hold a public hearing on Tuesday, April 3 at the SC Johnson iMet Center (2320 Renaissance Boulevard). Beginning at 6 p.m. the public may meet with DNR staff […]
Posted inReal Estate
Property transfers: Whey Chai building, Foxconn properties sell
Almost $11 million in property changed hands between March 19 and March 23, according to the Racine County Clerk of Deeds Office. Here are the highlights: Michael and Rui Zhu Mei, of Chicago, sold the Whey Chai building at 400 Main St. to Fu Gang Wang, of Racine, for $100,000. Mount Pleasant-based Open Arms 20 […]
Posted inReal Estate
Sold: Several high dollar parcels sell
About $11 million in property changed hands between March 12 through March 16, according to the Racine County Clerk of Deeds office. Here are the highlights: Jaren and Kristi Farmer, of Wind Lake, bought land and buildings at 2514 South Wind Lake Road, from the Jacqueline Lea-Barr Pasquarella Trust for $510,000. Thomas and Cherie Fliess, of […]
Posted inReal Estate
Sold: Jellystone Park Campground buys 150 acres for expansion
Over $13 million in property changed hands between March 5 and March 9, according to the Racine County Clerk of Deeds office. Here are the highlights: Caledonia-based Bear Country Holdings LLC purchased 109 acres of land and 41 acres on Seven Mile Road from the Muskego-based Harold and Carol DeBack Revocable Trust for $3 million. […]
Posted inReal Estate
Property Transfers: Taco Bell building changes hands
Almost $5 million in property changed hands between Feb. 19 through Feb. 23, according to the Racine County Deeds Office. Jo-Don Farms Inc. sold 15.1 acres of land and buildings to Nicholson Road Properties LLC for $154,662. Racine-based Derango Property Investments Uno Inc. sold the Taco Bell building to Colorado-based Borad Development Partners LLC for $630,000. […]
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State launches site about Foxconn project
The state has launched a website that offers information about Foxconn Technology Group as they begin constructing the state’s largest manufacturing facility. Governor Scott Walker highlighted the site wisconnvalley.wi.gov and announced that a resource fair for construction workers is set for March 29 at Festival Hall, 5 5th St. The Wisconsin Economic Development Corporation, a […]
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Staying Safe In Racine’s Property Market
Racine is seeing an economic upturn, which is also good news for the city’s housing market. Racine has had a historically affordable market, and news earlier this week revealed that a Milwaukee company is investing $34m in Racine housing stock. As a result, there’s never been a better time to get into the housing market and […]
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Quick Cable building sold to new leasing company
Just over $16 million in property changed hands between Jan. 2 and Jan. 5, including a manufacturing company and several commercial buildings on North Memorial Drive and Main Street, according to the Racine County property transfer records. The number of transactions has also remained high this time of year with 67 properties changing hands. Here […]
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Mount Pleasant neighbors sue over eminent domain
Seven Mount Pleasant property owners have sued the village in federal court over how it is handling property acquisitions for Foxconn Technology Group. The landowners who filed the lawsuit own property located within the footprint where Foxconn wants to build an LCD manufacturing facility. Expected to generate 10,000 construction jobs and 3,000 permanent positions, the […]
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Machinery Row Property deeded back to Racine
The City of Racine now has the deed for the former Machinery Row property, which means it can demolish the buildings, clear the land, and sell the property to a new developer. FDP MR LLC deeded the former Machinery Row property at 1010 Water St. to the Redevelopment Authority (RDA) of the City of Racine […]
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Razing Begins On Building To Make Way For Machinery Row
The first phase of demolishing the building at 900 Water St. has started on Machinery Row, a $65 million multi-phase development. Milwaukee-based Midwest Rail & Dismantling Inc. started by taking the asbestos out of the 900 Water St. building. Part of the former Azarian building will be razed to make way for a 150-unit residential apartment […]
