Ashley Capital, a national developer, plans to invest $440 million to transform the former South Hills Country Club in Caledonia, Racine County, into a new industrial park. This project aims to create 2,000 full-time jobs and will cover around 220 acres with 10 buildings totaling 3.8 million square feet. The development is expected to boost the property’s assessed value by $300 million.
There is a new 188,000 square foot speculative development planned for Caledonia’s DeBack Farms Business Park.
Hillwood, a national investment and development company, expanded their footprint in Racine County purchasing a 19-acre parcel, where they recently celebrated the groundbreaking of what will be a 247,105 SF industrial speculative building.
During the next several years, nearly 1 million square feet of industrial development is planned for the DeBack Farms Business Park in the Village of Caledonia. Scannell Properties, headquartered in Indianapolis, plans to develop a 65-acre site in the park over three phases. A General Mills warehouse and distribution center is planned to occupy the first building.
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Racine County is located in the fast-growing industrial corridor between Milwaukee and Chicago along Interstate 94. Racine County celebrates its manufacturing heritage, rich farmland, beautiful beaches, and distinctive architecture.
The Village of Caledonia, WI is located along Lake Michigan in the northeast corner of Racine County. The community, population 25,400, is known for its rural character, horse farms, and park system. Residents and businesses benefit from the community’s central location in Southeast Wisconsin.
Racine County, the Village of Yorkville and Racine County Economic Development Corporation (RCEDC) are pleased to welcome Hillwood, a Perot Company, to the Yorkville community. Hillwood is a Dallas-based organization ranked as one of the top industrial, commercial and residential real estate companies in the country.