A group of 10 investors using the name Block 800 announced a plan to replace three buildings on West College Avenue with a four-story building, which would include 20 market-rate apartments and 10,000 square feet on the first floor that could be used for retail or office space. The project will also include 21 underground and 10 surface parking stalls.
As part of the plan, the buildings at 823, 825 and 827 W. College Ave. would be demolished to make way for the new construction. The project would add an estimated $4.6 million to the city’s tax base.
Block 800 is asking the City of Appleton for TIF funds totaling $823,000 or 18 percent of tax value, whichever is less, to help fund the project.
So far this year, three other downtown Appleton multifamily housing projects have been announced: Gabriel Lofts in the 200 block of East College Avenue, Avant at the southeast corner of East Washington Street and North Durkee Street and Tadych Investment Partners’ planned project in the 300 block of East College Avenue.