Two developments are pending in Kenosha that could bring a combined 1.72 million square feet of new speculative industrial space.
Those projects show the city of Kenosha is building a healthy pipeline of new speculative industrial buildings, continuing a trend that has held strong since the end of the recession.
The first proposal would complete an about decade-long effort by a family to sell about 73 acres on 38th Street, east of Interstate 94. Members of the Swartz family, who own the property, already had it annexed into Kenosha from Somers, and are now seeking a rezoning to allow an estimated 965,000-square-foot industrial building.
Michelle Eisenhauer, a member of the ownership group through two uncles in the Swartz family, said a company has signed a letter of intent to buy the land for development. That sale would happen after completion of its rezoning, she said.
The land has been for sale for about 10 years, she said, and current listing broker Tom Boyle of Lee & Associates in Illinois recommended the families move ahead with its annexation and rezoning to make the land more attractive.
Applications to the city anticipate construction starting as early as summer 2021, and that the facility could have anywhere from 50 to 500 jobs, depending on which company eventually occupies it.
The land is immediately east of the Gordon Food Service warehouse at the same interchange where Amazon.com has its fulfillment center.
A separate development is pending less than two miles east at 8311 38th St. in Kenosha. NorthPoint Development of Downers Grove, Illinois, is seeking approval for a 755,200-square-foot speculative warehouse there.
A company official declined comment until after the city of Kenosha reviews the building. Both projects are scheduled for a Kenosha Plan Commission review on Thursday.
Read more at the Milwaukee Business Journal.