Foxconn Technology Group on October 2nd said it has bought a three-story, 46,000-square-foot office building in downtown Racine and will turn the structure into yet another of what the company is calling its innovation centers.
The purchase of the building at 1 Main St., near the Root River, promises a boost for downtown Racine — and for one of Wisconsin’s more hard-pressed cities.
Renamed Foxconn Place Racine, the building will house a co-working space and at least 125 company employees, and will serve as a model for Foxconn’s “smart cities” program, said Alan Yeung, the firm’s director of U.S. strategic initiatives.
Much of the building stands vacant. The entire second floor is inaccessible to the public. The principal tenants are branches of BMO Harris bank and the…Read full article here.