Issue link: http://www.insightdigital.biz/i/80745
"That hard work is turning into good things." – Ken Zacharias, shareholder in Schenck SC's Green Bay office and fellow developer Steve Winter are proposing to build two buildings that would be a mix of office and restaurant space. The two buildings – one will be 8,500 square feet while the other will be 11,800 square feet – will be divided into space for restaurants, financial offices and professional offices, such as medical providers. Construction on the project, which is estimated to cost between $3 million and $4 million, is expected to start next spring. While office and manufacturing empty retail spaces near the Fox River Mall in Grand Chute. "Some of those sites are quite large, few and far between, Pfefferle and Bomier say. "We're working our way slowly As for land sales? Those are " he says. back from 2008, which was where the bottom fell out of everything, spaces are doing well, the retail sector is still lagging, Pfefferle says. While Appleton's east side is home to several new retail and restaurant construction projects, that isn't the norm in the area, he says, adding there are still a lot of Bomier says. "We're seeing more activity, but in many cases it's people looking to economize. It's not necessarily new business." Pfefferle says business owners are " A CLOSER LOOK You need to store that? T hroughout the economic upheaval of the past few years – one that we hope is over – one commercial sector didn't miss a beat: private storage units. Mike Pfefferle, president of Grubb & Ellis | Pfefferle, says his company's storage units continually maintain about a 4 percent vacancy. "People always have stuff to store and unfortunately, if someone has to sell their home and downsize because of the economy, they need a place to put the rest of their stuff, he says. " more optimistic than they were a few years ago, but many are taking a wait- and-see approach before making big investments. "It's more difficult to get financing so businesses want to make sure before they take a leap" into a new space, he says. Over the past few years, municipalities have worked to entice developers and now are starting to see the fruits of their labors, Zacharias says. "That hard work is turning into good things," he says. TOTAL SECURITY SOLUTIONS Burglary & Intrusion Alarm Systems IP Camera Surveillance Engineered Fire Alarms Card Access Control Photobadging & Proximity Readers Door Access Control Systems Carbon Monoxide Alarms Fire Alarm Systems Day/Night HD Cameras Remote View IP Cameras martinsecurityinc.com | 800-640-3130 www. insightonbusiness.com September 2012 • INSIGHT | 35