GREEN BAY, WI (WTAQ) - Another big mixed use development could be in the works for downtown Green Bay along the Fox River.
A developer out of Madison, T. Wall Enterprises is proposing a $9.75 million complex made up of 7,000 square feet of ground level retail, along with parking and 85 market rate apartments.
The proposed site is at the corner of Washington and Main Street, right next to the Ray Nitschke Memorial Bridge. The site is also across from construction of the new $50 million Schrieber corporate headquarters and global technology center and next to the Flats on the Fox apartments.
“The word is starting to get out that people want to live downtown” said Executive Director of Downtown Inc. Jeff Mirkes.
Rent would range from $550 to $950 a month, and would include one and two bedrooms apartments and studios.
The Green Bay Redevelopment Authority approved a planning agreement Tuesday for the firm that locks up the site until they come back with more solid plans over the summer.
The developers are asking for “significant” tax increment financing from the city, but that figure won’t be known until later.
T. Wall wants to break ground in August with construction ramping up in the fall.
Studies in the past focusing on the availability of downtown living show a shortfall of around 300 units.
The city sought out T. Wall Enterprises to look at developing a six to seven story building at the old Admiral Flatley Park site. The developer has 30-years of experience, mostly in office space in Dane County. Over the last couple years, they have transitioned to residential.
Back in January, Green Bay Redevelopment Authority approved a planning agreement to build an apartment complex with upwards of 100 units along the riverfront. Located next to the Nicolet Bank building and the Walnut Street Bridge, Eppstein Uhen is also looking at a six to seven story building with retail and office space.