Developer Josh Jeffers has purchased and is in the process of a multiphase redevelopment of the site. The project consists of preserving and restoring many of the old buildings to create new residential and commercial spaces for City residents.
Phase 1, or the 2100 Northwestern Ave. building, is in the final stages of construction and will be available to lease in the beginning of July 2021. The 2100 Northwestern Ave. building was a $18.7 million complete rehab of the building. It consists of 60 total apartments, 48 of them are income-restricted affordable units, and 12 are market rate.
Phase 2 of the Horlick project, the 2200 Northwestern building, broke ground in April 2021. Historic rehabilitation will create 86 modern, market rate apartments. Phase 2 has a total development cost of $23.7 million and is slated to be complete in April of 2022.
The 2200 building will be the first new, fully market rate multi-family housing in the City of Racine in more than a decade.
Phase 3 of the Horlick project will consist of constructing two new buildings on the site and creating approximately 160 Class A market-rate apartments. The new, modern buildings will blend building materials to fit in with the historic feel of the overall district.
Many energy efficiencies and sustainability features are part of the project, like green roofs and solar panels, in hopes of ultimately earning a LEED Gold rating. Additionally, the construction manager, CG Schmidt, has been a great partner with the Racine Works ordinance and making sure local, City residents get hired on the project.