Redevelopment of downtown Janesville building planned

By JIM LEUTE ( Contact )   Monday, Oct. 8, 2012
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PhotoVideo


Travis O’Connell bought this building at 400 W. Milwaukee St. in downtown Janesville. O’Connell plans to redevelop the building, which housed the city’s first YMCA.

Travis O’Connell bought this building at 400 W. Milwaukee St. in downtown Janesville. O’Connell plans to redevelop the building, which housed the city’s first YMCA.

PhotoVideo


An artist’s rendering shows how the building at 400 W. Milwaukee St. in downtown Janesville will look upon completion.

An artist’s rendering shows how the building at 400 W. Milwaukee St. in downtown Janesville will look upon completion.

Photo

— Travis O'Connell's college degree is in chemistry, but he's always had an affinity for buildings—particularly historic buildings.

O'Connell and his wife, Jennifer, hope to mix up something good as they redevelop a nearly 16,000-square-foot building at 400 W. Milwaukee St. in Janesville.

Built in 1895 for just over $30,000, the red brick building was the home of Janesville's first YMCA until about 1924.

Over the decades, it housed a storage company, a car dealership and a car rental business. It held a music business and auto repair shop before its last tenant, Custom Arrow Archery Lanes.

The O'Connells bought the two-story building nearly a year ago. It has since been gutted, and the couple has started down the path toward city approval of their renovation plans.

O'Connell said the building would house two of his businesses: Legendary Construction and Legendary Motorsports. Beyond that, his plans call for space for six to eight other tenants on the first floor.

As a building that previously held auto-related businesses, it's rare because it has an inside ramp that allows vehicle access to the second floor.

O'Connell said he hopes to start renovations in the next couple of months as seasonal construction work winds down for his contracting business.

O'Connell, the son of well-known Janesville real estate agent Anda O'Connell, said his company does a lot of residential and commercial work, but he really enjoys the work when it involves older buildings.

He's got that with 400 W. Milwaukee St.

"It's a vision thing, no question," he said. "My mom is my role model, and her involvement in real estate got me interested.

"I grew up in the Courthouse Hill area and worked on old houses. I love doing that."

O'Connell said he's not certain what types of tenants—other than himself—will occupy the building. He said the spaces would be logical for salons and fitness instructors.

He gave a quick thought to a restaurant and bar, but decided that was a business model best left for others.

With a young family, he prefers the flexibility of being a developer and landlord rather than a restaurateur.

"I grew up in Janesville, moved away and then came back," he said. "We want to continue to invest in Janesville because we think it's a great community and a great place to raise a family."

reader COMMENTS
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(5)
posterguy
Oct 9, 2012 at 9:38 a.m.
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It's nice to see someone wanting to repurpose those beautiful buildings in downtown Janesville rather than tearing them down. My grandparents used to tell me stories about how downtown Janesville was so vibrant and such a great area. With all the historic buildings, I would love to see it returned to its former glory rather than destroyed.

analertcitizen
Oct 9, 2012 at 12:10 a.m.
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Good for this young man to take an interest in the community. I hope he is as supported as those businesses that Janesville is trying to attract ie the Medical Isotopes $9 million-120 job business that has been touted in the newspaper.

janesvillean
Oct 8, 2012 at 6:58 p.m.
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frogger, whoever owns the Monterey will still need to get financing for a challenging project in a difficult lending environment. I think there's merit in Grafft's existing proposal, but actually having a project like this one succeed can only make it easier for the Monterey plans. Last quarer's CRE lending looked promising:
http://www.calculatedriskblog.com/2012/0...
.
The turret is a nice touch. Yeah, a third floor with the original roofline would double the cost of this rehab! I hope there is some way that the rehab can acknowledge the historic role the building played in the founding of The Gideons International.

frogger
Oct 8, 2012 at 5:08 p.m.
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Could you get the Monteray out of Grafts hands so somebody who cares can take care of that building? To bad is isn't cost effective to put the third floor back on. I do see a turit though. That looks good.

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