GREEN BAY, WI- City leaders announcing more housing to combat a crunch in the downtown area at a ribbon cutting ceremony this afternoon. But could this also be a step towards making a decision on the Larsen Green Property?
There's a two percent vacancy rate in downtown Green Bay right now so of course apartments and town homes are crucial. City leaders hopeful this brings more interest from developers.
Jeff Knutson introducing two housing projects on Broadway. One already finished with 14 studio apartments.
"There's very little housing in green bay and it's proven by always having these units rented," says Knutson.
The other right next door could be three potential town homes.
The Broadway District with about 120 units that could double within the next year.
On Broadway Incorporated's Executive Director, Chris Naumann says with these new apartments now is the time to bring something to that 17 acre Larsen Green Property across the street. The site Walmart has been eyeing.
"We're looking forward to having those needs to move in as the residences get built," says Naumann.
"Maybe some arts in there. Some retails. Some entertainment as well as some office and housing," says Mayor Jim Schmitt.
And maybe a grocery store which will bring people to the heart of titletown.