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RDA approves 180‑day planning option for proposed 30‑unit project at 1531 Main
Summary
The RDA granted a 180‑day planning option to GB Real Estate Investments for a 1.83‑acre site at 1531 Main, allowing time to confirm site suitability, finalize design and secure financing for a roughly $4.4 million multifamily proposal.
The Green Bay Redevelopment Authority voted to approve a 180‑day planning option for GB Real Estate Investments on a 1.83‑acre site at 1531 Main Street. Staff said the preliminary proposal envisions approximately 30 market‑rate rental units (one‑ and two‑bedroom mix) and a preliminary construction budget of about $4.4 million.
Staff recommended the planning option to allow the developer to confirm site suitability, finalize concept design, secure financing and coordinate a potential development agreement. A board member moved, another seconded, and the option was approved on a voice vote.
The planning option does not authorize construction or a development agreement; it preserves an exclusive period for the developer to refine plans and return to the RDA with a formal proposal for review and potential approval.
