Racine unveils plans for Machinery Row, “largest redevelopment in Racine’s history”

Posted by on Jun 11, 2014 in News | Comments Off on Racine unveils plans for Machinery Row, “largest redevelopment in Racine’s history”

Racine unveils plans for Machinery Row, “largest redevelopment in Racine’s history”

The City of Racine unveiled plans for a $65 million mixed use redevelopment of its urban riverfront, a formerly industrial area on Water Street that is now being positioned as “Machinery Row.” Mayor John Dickert called this 20-acre project the largest redevelopment project in Racine’s history. Working with the City, Vandewalle & Associates authored the award-winning plan that will involve environmental remediation, renovate and adaptively reuse former industrial buildings, manage stormwater while improving water quality, and add a dynamic riverfront promenade with event space. Vandewalle & Associates also recruited the developer, Iowa-based Financial District Properties, for the project. When completed, Machinery Row is expected to have a dynamic mix of uses including a grocery store, loft apartments, retail space, a restaurant, daycare, office, and commercial space. Construction is expected to begin in six months, with completion in winter or spring of 2016–although the developer is already pre-leasing commercial space and seeking anchor tenants. Machinery Row is part of a much larger RootWorks development plan for the City.

 

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