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Janesville Posts

Janesville Plan Commission approves apartment project
By Ashley McCallum, Janesville Gazette   The Janesville Plan Commission on Monday approved a plan to develop 260 apartment units just west of Interstate 90/39 off East Racine Street—but not without a lengthy discussion to clarify some details. Representatives from the project’s developer, Hovde Properties, had...
Council Discussion Suggests Openness Toward Residential TIF Deals
By Jim Dayton, Janesville Gazette While Janesville City Council members wanted more details on the use of tax increment financing for development of multifamily housing, they were all open to the idea during their meeting Monday night. The council took no action but discussed modifying city policy to give more...
Survey of Council Members Suggests City is Open to Residential TIF Deals
By Jim Dayton, Janesville Gazette If a project helps address Janesville’s housing shortage, and if the financial details make sense, city council members said they’re open to using tax increment financing to subsidize residential development. They stressed the council must unravel those ifs before approving any...
TIF Money Could Fix Janesville's Housing Shortage, Developers Say
By Jim Dayton, Janesville Gazette JANESVILLE To solve Janesville’s housing shortage, two real estate developers encouraged the city to consider using tax increment financing to spark new residential activity. That suggestion was one of the biggest takeaways from Wednesday’s community housing and development forum....
City of Janesville Receives $250,000 State Grant to Support Development of Downtown Project
The City of Janesville is receiving a $250,000 state grant to help finance the construction of a new downtown hotel.   The Community Development Investment Grant from the Wisconsin Economic Development Corporation (WEDC) will support the new construction of a Cobblestone Hotel & Suites, a 53-room, four-story...
Janesville Mall's Buyer Gives Dose of Optimism, Realism on Mall's Future
By Neil Johnson, Janesville Gazette JANESVILLE The leader of an investment group that plans to buy Janesville Mall offered local business leaders an equal dose of optimism and realism about the retail center’s future Wednesday.   Anthony Weiner, president of RockStep Capital Real Estate Investments, the Texas firm...
Commercial Development Company Inc Begins Demolition at Former Janesville Assembly Plant
Janesville, WI — Commercial Development Company Inc. (CDC}, a leading North American commercial real estate and brownfield redevelopment company has officially started demolition activities at the Janesville Assembly Plant. CDC purchased the retired automotive manufacturing facility from General Motors in...
CBL & Associates Properties to Sell Janesville Mall at Steep Discount
CBL & Associates Properties Inc. has struck a deal to sell the Janesville Mall at a steep discount to CBL’s purchase price of 20 years ago.   RockStep Capital, of Houston, Texas, has contracted to buy the 600,000-square-foot enclosed shopping center for $18 million, CBL said last week as it announced its latest...
Former GM and JATCO sites listed for $15.7 million
The former General Motors property in Janesville is being sold in two major pieces: the 114-acre site that houses the former auto plant and the 112-acre former Janesville Auto Transport Co. site south of the plant, according to a broker who is listing the parcels. The two pieces of property, along with several smaller...
New Storefronts Set to Open in Janesville's Former Menards
By Neil Johnson, The Janesville Gazette   JANESVILLE Two new stores are set to open this week in the redeveloped former Menards off Pontiac Drive on Janesville’s north side. Tara Furst, commercial properties manager for Galway Companies, which owns the property, said that by the end of the week, two tenants in the...