HISTORIC HORLICK MALTED MILK CO. REDEVELOPMENT BREAKS GROUND
Racine, WI –
CG Schmidt hosted a groundbreaking at the Historic Racine Horlick Malted Milk Company on Monday, August 10, featuring remarks from representatives of J. Jeffers, CG Schmidt Construction, the City of Racine and AG Architecture. The event celebrated the beginning of a mixed and re-adaptive use project that will provide 136 market-rate and affordable residential units in the City of Racine.
With buildings dating back to 1875, the first phase will revamp the original 2100 and 2200 Northwestern Ave. buildings within the historic industrial complex. State and federal historical tax credits will help J. Jeffers to finance the $40 million phase one of the project.
“We are thrilled to partner with J. Jeffers and AG Architects on this unique restoration project. The Horlick redevelopment not only gives these historic buildings new life, but revitalizes the local area and provides opportunities to put local residents and economically disadvantaged businesses to work.” stated Dan Chovanec, CG Schmidt Vice President.
Surrounded by aging brick and climbing ivy, several key members of the Historic Horlick redevelopment team broke ground and celebrated the beginning of a key revitalization project for the city of Racine.
CG Schmidt, a family-owned company since 1920, is a leader in quality construction management, general construction, and design-build services with offices in Milwaukee and Madison. The company serves the markets of housing and mixed use, education, healthcare, community, senior living, corporate and industrial facilities. For more information, please visit the company’s website at www.cgschmidt.com.
Jeffers & Co. is a mission-driven real estate development and investment firm with a proven track record of success 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.
AG Architecture has been committed to innovative design for the past 50 years. During that time, the firm’s widely respected team of architects, engineers and support specialists has been commissioned to design and construct projects nationwide.