BELOIT — The Greater Beloit Economic Development Council is meeting Wednesday with one of its three action items being “to discuss the possible sale of 1500, 1550, and 1590 Apex Drive” in the Gateway Business District.
The Gateway Business Park in Beloit was developed in 2001 to promote growth in the area. A new Tax Increment District is being proposed for it.
File photo
Those three lots total 15.46 acres across the street from the Pratt Industries building and kitty-corner from where Briohn Building Corp. of Brookfield is building a $20 million, 198,000-square-foot industrial warehouse.
Last year, a Milwaukee developer paid $389,000 for 42.5 acres at 1505 Gateway Blvd. to build the warehouse for Green Bay-based Schreiber Foods. Eventually, Schreiber may have nearly 400,000-square-feet of space at 1505 Gateway and add as many as 150 jobs to the Beloit economy.
The new warehouse for Schreiber is one of three major projects under construction right now in the Gateway District. G5 Brewing is building a 7,643-square-foot special events building and Blackhawk Transport is building a new office building and truck service center as well.
The business district was launched in 2001 with “shovel ready” sites in hopes of luring businesses to Beloit who were eager to be near Interstate-90. Over the years, more 600 acres of land with more than 3.5 million square feet of space has been built in the Gateway district.
Those businesses have created more than 3,000 jobs in the city and include six of the city’s top 20 employers in Amazon, Kerry Inc., Staples, NorthStar Medical Radioisotopes, Ecolab and Kettle Foods.
The number of spots in the Gateway are beginning to dwindle and another item on the GBEDC agenda is considering the next steps to update or replace the 2020-2025 Strategic Plan.
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