This month, Lawrence will be releasing a request for proposals to developers for the former Northshore Bank property at 320 E. College Avenue. Acquired in 2014, the property has served as warehouse space, parking, and the location for Seth’s Coffee’s Appleton location. The City of Appleton created a Tax Increment Financing District that includes this site last fall which provides incentives for redevelopment. The university seeks a developer who will redevelop at least the College Avenue-facing parcel into mixed use retail/residential and leaves open the possibility of redevelopment of the Washington Street-facing parcel so long as a parking arrangement is considered.
Lawrence will not be a tenant of any building development, nor will we make any financial investment in the project. Ultimately, ownership of some or all of the property will likely be transferred to the developer. Proceeds from the project will support creation of new warehouse space to relocate inventory currently stored in the bank building and generate funds for other campus capital renewal efforts.
Click here to access the Offering Memorandum. We will accept proposals through early April. The plan is to have a developer selected by summer 2018.
Please direct any questions about this project to Jake Woodford at x6850.