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 […]
Tag: Machinery Row
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 […]
Posted inDevelopment, Local news
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 […]
Posted inBusiness, Government, Real Estate
Machinery Row Project Moves Forward
The first phase of Machinery Row, a $65 million multi-phased development project along the Root River, received preliminary approval from the City’s Plan Commission Tuesday for a three-story commercial and residential building. Part of the former Azarian building at 900 Water St. is slated to be razed in the next two weeks to make way for […]
Posted inBreaking, Business, Government
Machinery Row Building, Park 6 To Be Razed
Part of the former Azarian building and former Park 6 building have their fate set as both buildings will be torn down in the city’s historic district. The buildings are not part of the same project. The former Azarian building is part of the Machinery Row project on Water St. while the Park 6 building […]
Posted inBusiness
City Buys 2.6 Acre Parcel For $1 Million, Plans To Sell To Developers
The Redevelopment Authority of the City of Racine finalized the purchase of two parcels — 922 Sixth St. and 615 Marquette St. — for $1 million. Illinois-based Marquette Distributors LLC sold the commercial building on 2.6 acres to the city in early January. The 615 Marquette St. property includes a four-story cement building the Factory of Fear had […]
Posted inBusiness, Government
Building Collapsing, Machinery Row Developer To Demolish
One of the buildings that is part of the Machinery Row project is collapsing, but the warehouse at 900 Water St. could be coming down in the next month. A multi-phase retail and apartment complex, the project is expected to occupy a 20-acre site. But the developer Rodney Blackwell, owner of Iowa-based FDP Properties, ended […]
Posted inBusiness, Government
Racine Receives $1 Million Grant For Machinery Row Project
The Wisconsin Economic Development Corporation, a public-private entity charged with spurring economic development in the state, has given Racine a $1 million grant to help clean-up several industrial properties along the Root River that will become part of the Machinery Row development project. Machinery Row is a multi-phase retail and apartment development project along the Root […]
Posted inBreaking
Machinery Row, River Bend, And Myers Park Receive Grants
Racine has secured several grants totaling $170,000 for the Machinery Row development project, River Bend Nature Center in Caledonia, and Myers Park. The Wisconsin Coastal Management Program, which seeks to keep and improve access to Wisconsin’s Great Lakes Coasts, is part of the state’s Department of Administration. The state dollars will pay for three projects: $100,000 to […]
Posted inReal Estate
Racine County Real Estate: Machinery Row Properties Sell
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 […]
Posted inBreaking, Community, Government
Machinery Row Project Moves Forward
Despite questions raised about the credibility of the developer, the Racine common council approved  Machinery Row — making the $65 million project the largest in the city’s history. The project is a retail and apartment development along the Root River in the 900 block of Water Street. Financial District Properties, a commercial real estate  development […]
Posted inBusiness, Community, Government
Machinery Row $9 Million Historic Tax Credits Safe
The proposed $65 million Machinery Row development along the Root River in Racine has been approved for some $9 million in Historic Preservation Tax Credits, but the program has proved almost too successful and was placed on hiatus Monday. Wisconsin Economic Development Corporation CEO Reed Hall sent a letter Monday to Joint Committee on Finance […]
Posted inBusiness
Racine County Eye Readers React To Machinery Row Development
Financial District Properties, a developer from Iowa, announced that they had secured real estate options on a tract of land roughly bordered by Water Street and the Root River. The multi-parcel site  – around 20 acres total being called Machinery Row – includes the Azarian Marina and at least two existing industrial buildings constructed by […]
Posted inBusiness
$65 Million Development Coming to Shores of Root River
New jobs could come to Racine if a $65 million development proposal becomes reality. Financial District Properties (FDP) from Davenport, IA, has secured real estate options on a tract of land roughly bordered by Water Street and the Root River. The multi-parcel site  – around 20 acres total being called Machinery Row – includes the […]
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