Racine, WI – J. Jeffers & Co., in partnership with City of Racine Mayor, Cory Mason, and CG Schmidt construction, will host a ceremonial groundbreaking to mark the fourth phase of the catalytic transformation of Racine’s historic home to the former Horlick Malted Milk complex at 2100 Northwestern Avenue. The fourth phase, coming in Summer 2024, expands J. Jeffers investment in developing the mixed-use residential, community and commercial property in the City of Racine. This phase includes two residential buildings, a rehabilitation of what will become Carriage Row and a newly constructed building named The Summit. Phase Four includes six buildings total that will undergo historic rehabilitation for commercial use. In total, 375,000 square feet of combined residential and commercial space will be developed in this phase. The ceremony is set to take place at the Belle City Square site on Wednesday, March 22, 2023, at 1:00 PM.
“It really is a small village they’re building there,” stated City of Racine Mayor, Cory Mason. “They’re really making it a space that’s going to be viable for people to live and work there.”
The Summit and Carriage Row residential buildings will offer residents a range of town home, flat, studio and 1-, 2- and 3- bedroom options. Terraces, club rooms, additional amenities and covered parking will also be provided. The rehabilitated buildings zoned for commercial use encourage growth for local businesses and offer residents of Belle City Square and greater Racine access to commercial, maker & light manufacturing, and retail opportunities. “We are excited to expand the offerings of this community. The residential buildings at Belle City Square continue to satisfy a long-standing unmet need for additional housing in Racine, but we are excited to create a platform for economic growth for small businesses while amplifying the sense of community already underway at Belle City Square,” said Scott Schwebel, Chief Marketing Officer for J. Jeffers & Co.
The Belle City development represents the most significant multifamily infill construction the City of Racine has experienced in decades. Construction on Phase 4 will begin on XX XX, 2023 and completion is slated for Spring 2024. “Our CG Schmidt enjoys working on a site that reflects Racine’s storied past. We are thrilled to continue the development of J. Jeffers’ vision for Belle City Square,” said CG Schmidt Vice President, Dan Chovanec, the construction manager for the development.
For more information on the upcoming work at the complex, please contact Lisa Wogan, Economic Development Specialist, J. Jeffers & Co. via email at lwogan@jjeffers.com
J. Jeffers & Co. is a mission-driven real estate development and investment firm with a proven track record of success in developing communities that create value across multiple asset classes, capital structures, and construction types. Our success is the product of an experienced leadership team, creativity, a passion for community development, and a disciplined process. Please visit www.jjeffers.com for information regarding current and upcoming development projects.
CG Schmidt, a family‐owned company since 1920, is a leader in quality construction management, general construction, and design‐build services with offices in Madison and Milwaukee. The company serves the markets of multi-family housing, education, healthcare, senior living, corporate, industrial, community and religious facilities. As a fifth generation, family‐owned construction firm, CG Schmidt is a respected industry leader. For more information, please visit the company’s website at www.cgschmidt.com
