RACINE — A development of about 190 market-rate apartments and a five-story hotel — an investment of more than $40 million — is proposed for a key Downtown redevelopment site.
At
his office Tuesday morning, Mayor Cory Mason announced a partnership
with Hovde Properties of Madison to build on the former We Energies
property at 233 Lake Ave., the southeast corner of Lake Avenue and
Gaslight Drive.
The project
includes two multistory apartment buildings, a hotel, a green central
courtyard and an enclosed parking structure with a total value exceeding
$40 million when completed.
Mason
said of the plan: “It provides two things that we need more of:
market-rate housing and hotel space, so it seems a good fit for the
site.”
Read more: https://journaltimes.com/business/local/m-downtown-housing-hotel-announced/article_c964619a-47fc-5909-85f3-028297f17e07.html#tracking-source=home-top-story
Read more: https://journaltimes.com/business/local/m-downtown-housing-hotel-announced/article_c964619a-47fc-5909-85f3-028297f17e07.html#tracking-source=home-top-story
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