Foxconn Buys Another Downtown Racine Building

RACINE, WI -- Foxconn's march toward Lake Michigan continues after a company affiliate bought the former Racine Elks Lodge in Downtown Racine.

According to a Milwaukee Biz Times report, Foxconn affiliate FE Lake Street LLC bought the historic property at the corner of Sixth Street and Lake Ave. from Johnson Redevelopment Corp. for $1.2 million.

“The property will support Foxconn’s “Smart City” initiatives throughout Racine and the state and will contribute to the company’s efforts to help position Wisconsin as a global hub for high-tech talent and businesses,” Foxconn Technology Group said in a statement earlier today.

In October,Foxconn made its first splash in Downtown Racine after company officials said that they're purchasing a building to host a new innovation center.

The 46,000-square-foot, three-story building at 1 Main St. along the Root River will become a state-of-the-art co-working space and a model for "smart city" pilot programs that reflect the transformational technologies created by the Wisconn Valley Science and Technology Park, company officials said. The Racine innovation center is expected to be home to at least 125 permanent jobs.

Image Via Google Street Map