Menu

Racine, Wisconsin

Historic Arcade Apartments

Spurring the Revitalization of Downtown Racine

Scroll Down for More

  • 75

    Apartments

  • 13,000 SF

    Retail Space

  • 1993

    Project Completion

  • $8.3 Million

    Project Cost

With several historic buildings having sat vacant in downtown Racine, Wisconsin, for a number of years, the City of Racine asked The Alexander Company to explore the possibility of renovating the buildings to revitalize downtown and provide affordable housing. Working in conjunction with The Alexander Company, the City acquired the buildings and sold them for a nominal price to a limited liability company established for the purpose of developing the buildings.

The rehabilitation was made possible through the use of Historic Tax Credits, Affordable Housing Tax Credits, HOME Funds, and Tax Incremental Financing.

Much of the facades were covered with panels in the 1970s. Once the panels were removed, terracotta detail work of the original historic facades was discovered intact.

The rehabilitation resulted in a dramatic change to the streetscape and spurred the revitalization of downtown Racine.

Before
After

Awards

Racine County Economic Development Corporation's Certificate of Recognition

(Racine, WI) – For commitment to rehabilitate the 400 block of Main Street and the Wil-Manor Apartments.

Racine Area Manufacturers & Commerce's Golden Key Award

(Racine, WI) – In recognition of key activity in the economic growth of Racine.

WHEDA's Welcome Home Wisconsin Award (2-time Winner)

(Wisconsin) – In recognition of commitment to provide for the needs of citizens of the State of Wisconsin.