The city of Green Bay is seeking developers for a prime piece of real estate in the heart of downtown. As Kris Schuller reports the hope is to construct a multistory building on the existing Adams Street parking lot.
In downtown Green Bay – available real estate is at a premium. And according to the city’s economic development director, in recent months developers have been calling, asking about the availability of the city owned 1.5-acre Adams Street parking lot.
“Those calls led to us discussing are we ready to cast a net out there and see if there might be some legitimate proposals to develop this parking lot,” said Kevin Vonck.
Tuesday that net was cast as the city’s Redevelopment Authority approved a request for proposals document, looking for ideas to unlock the property’s true potential – with a multistory building offering commercial and housing space.
“I’d say easily we could see $15 million to $20 million worth of development on that parcel,” Vonck said.
“We’re in a growing community, when you think of the area population, it can support additional urban living in the heart of downtown,” said Jeff Mirkes, executive director of Downtown Green Bay.
Developing this site means the loss of 121 parking stalls. So, the city is requiring the chosen developer to create at least 100 new public parking spaces. But Ethan Ringel at Polito’s Pizza says that is still 21 few parking spots available for his customers.
“Our guests already complain about the parking downtown, that there is not a lot of it to go around,” said Ringel.
But Jill Muenster of Furs & Clothing of Distinction says parking is always available in the Cherry Street Ramp.
“I think that anytime we have any further development in downtown it’s a great idea,” said Muenster.
“It is a compliment to all the other components of the downtown beginning to hum very nicely,” Mirkes said.
“Development has been good downtown, so timing is probably ripe for this,” Vonck added.
Development ideas are due back to the city by late August and the RDA will select a proposal in September. Vonck hopes construction could start sometime next year.