… we have a small favor to ask. Thousands of people have placed their trust in the Racine County Eye’s high-impact journalism because we focus on solutions-based journalism.

With no shareholders or billionaire owners, we can provide trustworthy journalism that focuses on helping readers.

Unlike many others, Racine County Eye’s journalism is available for everyone to read, regardless of what they can afford to pay. We do this because we believe in information equality. Greater numbers of people can keep track of events, understand their impact on people and communities, and become inspired to take meaningful action.

If there were ever a time to join us, it is now. Every contribution, however big or small, powers our journalism and sustains our future. Support the Racine County Eye from as little as $5 – it only takes a minute. Thank you.

$
$
$

Your contribution is appreciated.

Three parcels included in the Machinery Row project were sold to Financial District Properties (FDP) on Dec. 31 totaling $2.6 million, according to the Racine County property transfer list.

The project — a retail and apartment development along the Root River — is in the 900 block of Water Street.

Financial District Properties, a commercial real estate  development company based in Davenport, Iowa plans to develop the 20-acre multi-parcel site. The first phase represents $42 million of the $65 million project. The project was passed at a special board meeting in December.

They are:

  • Richard Olson, owner of 900 Water St., sold the 5.7 acre parcel to FDP MR LLC for $1.5 million.
  • Azar LLC, owner of 702 Water St., sold the property to FDP MR LLC for $550,000.
  • Sam Azarian & Sons Marina, owner of 470 Water St., sold the property for $550,000.

In an 11 – 4 vote, the Racine common council approved the first phase, which calls for the city to use $1.8 million in intergovernmental revenue-sharing funds to purchase three parcels of land; granting a $4.5 million bridge loan from the redevelopment authority to Financial District Properties; and the city borrowing $7 million to pay for infrastructure improvements. The development includes 12 properties along 900 Water St.

The $4.5 million loan dollars will come from the redevelopment authority. Once Financial District Properties secures financing from the Department of Housing and Urban Development, it is expected to pay back the $4.5 million to the redevelopment authority.

Here are the other properties that sold in Racine County between Dec. 29 through Dec. 30.

 

Burlington
916 Weiler Rd. $197,500.00
Caledonia
7156 Lone Elm Dr. $89,900.00
2624 Arrowhead St. $125,000.00
8905 Rodney Ln. $156,900.00
1125 Kilbride Dr. $182,500.00
Dover
24931 Minnehaha Dr. $60,000.00
Mount Pleasant
5741 Wildwood Dr. $182,000.00
6422 Lincrest Dr. $226,000.00
1033 S. Hwy 41 $350,000.00
3700 Pleasant Ln. $510,000.00
North Bay
3521 N. Main St. $240,000.00
Norway
24801 W. Loomis Rd. $220,000.00
8606 Milwaukee Ave. $275,000.00
7817 Trillium Trail $308,000.00
24100 W. Overson Rd. $320,000.00
Racine
1417 Johnston Place $10,000.00
4014 20th St. $12,500.00
1331 Monroe Ave. $28,500.00
1620 Indiana St. $40,000.00
2024 Jay Eye See Ave. $40,000.00
2713 Ashland Ave. $45,000.00
1640 Charles St. $53,900.00
2325 Victoria Dr. $66,000.00
2523 Hamilton Ave. $69,501.00
1304 Douglas Ave. $70,000.00
1824 Charles St. $95,000.00
1246 Arthur Ave. $96,500.00
805 Monroe Ave. $99,000.00
704 High St. $100,000.00
2226 Washington Ave. $106,000.00
111 Eleventh St. $110,000.00
2131 La Salle St. $114,000.00
1656 Douglas Ave. $120,000.00
361 Merrie Ln. $130,000.00
700 Echo Ln. $137,500.00
4407 Hawk Hollow Ln. $392,000.00
470 Water St. $550,000.00
702 Water St. $550,000.00
2220 Northwestern Ave. $600,000.00
900 Water St. $1,500,000.00
Sturtevant
988 Hastings Ct., Unit 202 $125,000.00
Union Grove
1104 Main St. $85,000.00
Waterford
6918 N. Tichigan Rd. $215,000.00
Yorkville
15618 Ives Grove Rd. $130,000.00
14601 Braun Rd. $310,000.00

Advertising disclosure
To support our site and content, we work with partners to present valuable offers to help you save, earn, and get ahead. We may be compensated for the purchase of goods and services made through the links in this offer program.
Offers for you
Curated offers for our readers
advertiser disclosure
CodeMonkey
Coding for kids! Introducing programming games for the next generation. Get your kids coding today.
Start with a free trial.
Start with a free trial.

Get your students coding in no time!

CodeMonkey is a fun and educational game-based environment where kids learn to code without any prior experience. After completing CodeMonkey's award-winning coding courses, kids will be able to navigate through the programming world with a sense of confidence and accomplishment.

Kids will love learning to code with CodeMonkey

  • Ready to Go Courses. With CodeMonkey’s teacher kit and support team, anyone can teach the basics of computer science.
  • Real Coding Languages. CodeMonkey's courses teach text-based coding so students learn to program like a real developer.
  • Game-Based Learning. Kids learn coding in an engaging and rewarding environment that utilizes gaming elements.

Free Trial - Enjoy a full-blown gaming experience that will teach your kids to code!


Denise Lockwood has an extensive background in traditional and non-traditional media. She has written for Patch.com, the Milwaukee Business Journal, Milwaukee Magazine and the Kenosha News.