Mount Pleasant – A real estate development firm is interested in buying a large piece of land near the corner of North Green Bay Road and Spring Street for a future residential development.
But many questions still remain.
Developer Stack Real Estate LLC went before a zoning public hearing Tuesday and the village planning commission Wednesday to ask for a rezone of the 37-acre property from agricultural to a multi-family planned development.
The commission approved the rezone, which goes to the village board next.
Right now, the Racine Public Library Board of Trustees own the land. It was previously an aspirational site for a new library.
A condition of the sale to the developers is that the land is zoned appropriately so the developer knows that they are allowed to build what they have in mind before purchasing the property.
Jeff Rothbart, a principle with the firm, said they cannot disclose how much the land sale will be.
Residents that live near the proposed development site showed up to the meeting Tuesday. Many were neither for nor against the project. They simply just had questions or were hoping to see a site plan.
Jeanne Garcheck spoke in favor of future development at the prime location.
“I don’t find very attractive what has been happening with big gaudy car washes and over sized filling stations.”
Because the developers neither own the land nor have it properly zoned, they have no site plan. However, their general plan is for a residential subdivision in the area. The firm hasn’t even decided locations of units, or whether units would be for sale or lease.
“Given the moratorium, we haven’t decided…how we would develop the property,” Rothbart said.
That moratorium is for sewer expansion and is set by the City of Racine. Before the City lifts the moratorium, they are waiting for a large weather event in order to measure the volume of clear and rainwater that goes into the sewer during a large rain event.
Because of the sewer moratorium it could be years before a corresponding site plan it put forward, said Sam Schultz the community development director.
Several residents spoke during a public comment section of the public forum questioning whether there was a market for high-end homes in Racine County. Others were adamant that they don’t want to live near low-income housing.
“We want to be sensitive to what the market conditions are at that time,” Rothbart said. “The last thing that we want to do is come out and build a bunch of buildings that no one’s gonna live in.”
The developers told Racine County Eye they’ve never built low-income housing in the past, and have no plans to do so with this development.
At the planning commission Wednesday, Schultz told commissioners that rezoning the property for a type of residential unit or density would not be difficult.