The new Wal-Mart under construction on 76th Street will not open until after Jan. 1, 2013. 

Greendale Village Manager Todd Michaels said in a phone interview that the latest schedule indicates the construction will be done around Thanksgiving, but that the store will not open till 2013. 

The Village of Greendale approved the construction of a less-than-100,000-square-foot Wal-Mart in July 2011, which will include a grocery market that will make up 40% of the store, a pharmacy and two outlots for development by future tenants.

Michaels said he has not heard of any tenants being signed for the two outlots. 

Wal-Mart representatives have stressed that this particular store will be a neighborhood store meant to service the community within a 2-mile radius.

The current property where Wal-Mart would be is valued at $4 million. Once development is done the value of the property would go up to about $10 million or more, which would improve the village’s tax base.

A number of residents expressed their opposition to a Wal-Mart during the approval process. Former U.S. Bowling Congress owners, who use to occupy the building, and village officials said it took three years of marketing to find a developer willing to commit to a project on that particular location.