Home Industries Real Estate City of Racine purchases long-vacant YMCA building on lakefront

City of Racine purchases long-vacant YMCA building on lakefront

Plan is to demolish the massive, blighted structure to create development site

Downtown Racine YMCA building at 725 Lake Ave. Image from Google.

It’s been four years since the Racine YMCA shuttered its former flagship location on Racine’s lakefront. On Friday, city officials announced they had officially purchased the dilapidated structure after efforts by its longtime owner – The Young Men’s Christian Association of Racine, Wisconsin – to find a developer for the 103,597-square-foot building at 725 Lake

Already a subscriber? Log in

To continue reading this article ...

Subscribe to BizTimes today and get immediate access to our Insider-only content and much more.

Learn More and Subscribe Now
Cara Spoto, former BizTimes Milwaukee reporter.
It’s been four years since the Racine YMCA shuttered its former flagship location on Racine’s lakefront. On Friday, city officials announced they had officially purchased the dilapidated structure after efforts by its longtime owner – The Young Men's Christian Association of Racine, Wisconsin – to find a developer for the 103,597-square-foot building at 725 Lake Ave. stalled this past fall. Constructed in 1960, the building had endured years of decline, even before its complete closure in 2019. A six-story structure attached to the health club section that had been used for offices for local organizations, had been closed for more than a decade before the entire building was shuttered and YCMA services moved to a smaller downtown location. The nonprofit has three locations, a smaller Riverside Branch at 141 W. Main Street located in downtown Racine and the George Bray Center, a smaller branch at the longtime community center at 924 Center St. It's largest location, the Image Management Family Branch, is located at 8501 Campus Drive in Mount Pleasant City officials first began discussing purchasing the Racine YMCA lakefront building this summer, after break-ins, vandalism and other security concerns became a growing problem. State property transfer records show the Racine Community Development Authority officially purchased the building on Thursday, paying just $12,500. In a press release issued Friday morning, city officials said they are pursuing demolition of the structure given its deteriorating condition. Following the demolition, the city will explore options for the redevelopment of the site, with a focus on enhancing the community's quality of life and fostering economic growth, the release adds. "The acquisition of the former YMCA building presents a unique opportunity for the City of Racine to reclaim a vital piece of our community,” Racine Mayor Cory Mason said. “Our foremost concern is the safety and well-being of our residents, and the decision to demolish the building aligns with our commitment to ensuring a safe environment for everyone." [caption id="attachment_587473" align="aligncenter" width="1285"] The City of Racine has purchased the former Downtown Racine YMCA, 725 Lake Ave., and plans to demolish the structure. (Photo courtesy of Loopnet.com)[/caption]

Stay up-to-date with our free email newsletter

Keep up with the issues, companies and people that matter most to business in the Milwaukee metro area.

By subscribing you agree to our privacy policy.

No, thank you.
Exit mobile version