The City of Green Bay Redevelopment Authority is soliciting expressions of interest for a renovation project for two of Green Bay’s most iconic properties: the Schauer & Schumacher Buildings in downtown Green Bay. Ideally, the redevelopment will showcase the buildings’ existing architectural integrity. A mixed-use housing and retail project is preferred to meet the growing demands for urban housing.
The city will consider deeding over the properties for $1 to a qualified developer with the right vision, experience and financial resources to undertake a $2-3 million restoration.
Across the street from the Brown County Courthouse, the buildings are superbly located within the downtown core. A unique asset to this redevelopment project is a 1,400 square foot private courtyard/ alleyway separating the two properties. Total space of both buildings exceeds 19,000 square feet with additional basement space in the Adams Street property. A second floor skyway connects the buildings over the courtyard; with central access to the elevator shaft in the Adams Street building. The Schauer & Schumacher buildings share the Walnut and Adams Street block with the City owned Cherry Street Ramp. The ramp offers convenient, well-lit parking and will be housing a brand
The Schauer & Schumacher buildings share the Walnut and Adams Street block with the City owned Cherry Street Ramp. The ramp offers convenient, well-lit parking and will be housing a brand new Privea Health Clinic on the first floor. The 4,000 square foot clinic is set to open in May of2014. A five minute walk from the front door will showcase the key amenities and events an urban lifestyle demands, including: CityDeck, Meyer Theater, Children’s Museum, Fox River Trail and the best restaurants in Brown County.
Built in 1890 and 1930 respectively, both buildings qualify separately for the new Wisconsin 20% Historic Tax Credit program. Although eligible, downtown Green Bay is not in a registered Historic District. The City of Green Bay will also make available HOME funds to a housing developer should they choose that project route.
In February 2014 the City contracted the completion of an Environmental Phase 1 as well as an Asbestos and Lead Paint Abatement analysis. Minimal cleanup will be necessary but will be subject to the scope of the final project. All development parties will be privy to the reports. Current assessed value of all three parcels is $417,000.