CREATED May. 14, 2013
GREEN BAY-- A residential and retail development got the green light from the city's Historic Preservation Committee Monday. But city leaders will not talk about the specifics of the deal or what developer is working on the project.
The project would renovate a pair of buildings, including the former Schauer and Schumacher furniture store on the corner of Adams and Walnut streets.
The buildings have been empty for 12 years. A sign in the window indicates the property has been sold.
"There's interest in this property, it's got some nice history the Schauer and Schumacher furniture store was here for decades and now with all the residential interest in the downtown area we have some interest in bringing residential to this property,” said Jeff Mirkes of Downtown Green Bay Incorporated.
The city's redevelopment authority met Tuesday to discuss the specifics of the project.
But it did so behind closed doors. City leaders will not discuss the project because they say negotiations with the developer are on-going.
"We’re looking at upper residential nicer units and it's probably dependent on their financing and approvals but we have a lot confidence that this a project that could be moving ahead soon," Mirkes said.
The RDA did approve to spend $300,000 thousand dollars for renovations to properties on Adams Street, but no further details are being released.