L.A. developer drops plans for Caledonia business park

[hue]

http://journaltimes.com/business/local/976cf1ce-e07a-11e3-b08c-0019bb2963f4.html

CALEDONIA — A developer has abandoned plans to create a business park here that could have housed up to 750,000 square feet of commercial space.

Top Village officials say the plug has been pulled on a 60-acre business park that the Village and Racine County Economic Development Corp. announced on March 13. The park was to be established on the south side of Highway K, slightly east of Highway V.

That is where a manufacturer had been courted to set up an operation, Village President Bob Bradley said at the time.

RCEDC Executive Director Jenny Trick said then the company would have taken only about one-third of the land, leaving much of it available for other tenants. She said the prospect — which was pursued in an effort code-named Project Beer — was considering multiple potential sites.

After “extensive consideration,” Trick said via email Tuesday, the unnamed manufacturer did not select the Caledonia site.

The Los Angeles-based developer, Majestic Realty Co., has since dropped plans to proceed.

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