As the Water Street buildings begin to be razed, the city of Racine now has a new challenge: find the highest and best use for the historic riverfront properties. Every one of the dozen buildings on the 30-plus acres will be leveled, creating a completely blank canvas for development. Read about the Collapse of roof […]
Tag: Machinery Row
Posted inBusiness
Roof on old Machinery Row building collapses
The roof collapsed Thursday night on one of the old industrial buildings that were once slated to be Machinery Row. The buildings — located at 829 and 900 Water Street — were to be torn down because of the deterioration that had taken place, but nature took its course and speeded up the process. Stephanie […]
Posted inBreaking
All Fastener building sells, City gets deed on Machinery Row
Over 60 properties changed hands the last week in December totaling about $14 million including Machinery Row, the Shamrock Restaurant, and Machinery Row, according to the Racine County Register of Deeds office. FDP MR LLC deeded the former Machinery Row property at 1010 Water St. to the Redevelopment Authority (RDA) of the City of Racine […]
Posted inDevelopment, News, Real Estate
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 […]
Posted inOpinion
Opinion: Maybe It’s Not Them, It’s Us
The development and redevelopment process municipalities use to attract new businesses to their communities can be likened to a marriage. And residents serve as witnesses to the courting process, from the initial ‘hey, wanna get together’ phase to the ‘I think we should get married’ phase. But lets be honest, if Racine had a Facebook […]
Posted inBreaking
City Looks To Demolish Machinery Row Buildings
One of the Machinery Row buildings has suffered “significant deterioration” and as a result, Gorman and Company has decided not to move forward with buying the properties. Now the city wants to demolish the buildings at 820 and 900 Water Street that Gorman & Company once sought to redevelop so that they can sell the […]
Posted inGovernment
Common Council To Consider River Walk Project
UPDATE: The Common Council voted to refer this item to the Finance and Personnel Committee. ORIGINAL: The Common Council will consider giving the green light Wednesday night to create a river walk area along the Root River. Board members will consider a resolution authorizing the Racine County Economic Development Corporation to negotiate a contract with […]
Posted inBusiness
VIDEO: A Peek Inside The Machinery Row Buildings
Machinery Row, a massive redevelopment project, that includes rehabbing the old Case tractor plant, has had its share of issues. Here’s why the city has dedicated so much time and effort into the project and why the remain committed to doing it. Walking through the old Case plant at 900 Water Street, you notice the […]
Posted inBusiness
City Eyes Agreement With Developer Of Machinery Row Apartments
An $18 million apartment complex in the Machinery Row project may take a step forward if the Racine Common Council approves a pre-development agreement between the city, who owns the property, and the developer. The city is considering entering into a pre-development with General Capital Group LLP for the former Case Plow Works buildings located 922 […]
Posted inBusiness
Racine Baseball Cooperative Told To Vacate Property, Roof Collapsing
The City of Racine has ordered the Racine Baseball Cooperative to vacate the third floor of 820 Water Street by Feb. 9 because the roof has started to collapse. Owned by Rodney Blackwell, FDP MR LLC, the building is part of the Machinery Row Project. City officials are concerned that part of the roof has started […]
Posted inBusiness, Community
Editorial: 5 Things I Want For Racine in 2017
I feel like Racine will be at a crossroads for much of 2017. We’ve been to the alter several times over the years with regards to potential suitors for development: the former Walker-Ajax Plant, the Arena, and Rodney Blackwell’s portion of the Machinery Row project. Each are still viable, but could have taken a step forward […]
Posted inBusiness
Dickert: Machinery Row Developer Didn’t Walk Away With Millions
Machinery Row, a multi-phase development project along the Root River, isn’t dead. Rodney Blackwell, the developer spearheading some of the larger pieces of the project, didn’t walk away with $4.5 million of the City’s money. And city officials are working on rethinking how they can market the portion that Blackwell planned to develop, said Racine […]
Posted inGovernment
5 Things You Need To Know About Racine’s 2017 Proposed Budget
If Racine passes the 2017 budget as is, here are 5 things you’ll need to know as the Common Council mulls over this 264 page document. Racine’s proposed 2017 budget Proposed 2017 Capital improvement budget If approved, the budget would result in a $23.75 increase for a home assessed at $100,000 on the city portion […]
Posted inBusiness
City OKs Machinery Row Extension, Receives Grant
The public part of the Machinery Row project took a step forward with a grant while the developer of the private portion of the project will be given more time to sort out development issues. Machinery Row developer Rodney Blackwell, owner of the FDP MR LLC, will donate half of the 5.57 acres along the Root River between […]
Posted inCommunity
Klinkert Stone Removed Ahead of Razing 6th & Park
Thom Petersen took these great pictures and the video of the historic Klinkert building at 6th and Park that is being razed because the structure is too damaged from years of neglect to save. Petersen gave us a little history lesson: Ernest Klinkert had a brewery in Racine and was a businessman who built five […]
