Insight on Business

September 2013

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and office space. The investors, as well as the Richmond Terrace condo owners' association, want to rename the commercial space "400 North." "I had showed the property for a couple of years to a wide variety of people and was very familiar with it and its amenities," Allen says. "Then, the former owners decided that since all of the condo units were sold, they wanted out of their investment here in Appleton and wanted to sell the commercial side. "I saw purchasing the site as a good investment. Our goal is to allow Richmond Terrace to fulfill its original use and potential as a great mixed-used site in the community." Landing Red Shoes PR as a tenant is just the start, Allen says. "The building is a couple of years old, but it's a new space. There's onsite parking and we can work with tenants to meet their needs," he says, adding that the lighting, plumbing and interior walls were never finished, which offer a lot of w w w. i n s i g h t o n b u s i n e s s . c o m "Titletown is all set on their financing and should be able to start work this fall and be ready to open next year." –Christopher Naumann, executive director for On Broadway Inc. opportunities for potential tenants. The space facing Richmond Street is ideally suited for a restaurant, fitness facility or other businesses interested in the location's high visibility, Allen says. Other parts of the site are perfect for offices or other small businesses. One business Allen hopes to land is a small coffee shop or deli. "That's something the 200 people living at Richmond Terrace have asked for," he says. "They want a place to go where they can have a cup of coffee or sandwich and relax. We think there is a lot of opportunity there." Another amenity residents have asked for, along with other people living downtown, is a grocery store. So far, there's no interest from national chains, but Allen remains optimistic that a local entrepreneur may either move a current business there or start up a small grocery with perhaps a coffee shop attached. Brewing action at Larsen Cannery In downtown Green Bay, a vacant manufacturing facility is also seeing new life after years of going unused. The Larsen Cannery, where manufacturing stopped in the 1990s and has sat vacant since [continued] » S e p t e m b e r 2 013 • Insight | 31

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