.

Update: Leath Furniture Building Near Southridge Mall May be Sold

Sears is looking to split off the building to possibly sell it.

On Tuesday night Greendale Village Manager Todd Michaels told board trustees that Sears plans to split the property that Leath Furniture previously occupied from Southridge Mall with the possibility of selling off the property to another buyer.

Tom Daykin of The Journal Sentinel reported Tuesday that Sears plans to sell the building. Read more here. 

In a phone interview Michaels said he couldn't confirm the parcel will be sold. He said the certified survey map on tonight's Village Board agenda will be referred to the Planning Commission, which meets May 11.

The parcel is worth more than $10 million, Micahels said, and the building is worth $2 million-$3 million. The property straddles the Greendale-Greenfield border, according to the survey map in the Village Board packet.

Michaels also said people have been interested in the next-door Borders property, but there have been no firm offers.   

"This is an integral piece of the Southridge puzzle," said President John Hermes at Tuesday night's board meeting.

This comes during a time of major redevelopment that is being done to the 76th street corridor.

  • Construction on the first .
  • The planning commission will review on May 11, which would be built at the old U.S. Bowling Congress. have been mixed and Board action should take place in June.
  • Back in December the Village Board approved a $16 million TIF district for the $52 million redevelopment of Southridge Mall. Even though village officials have not been able to confirm but rumor has it that Macy's is going to set up shop in the old Yonkers space.

Right now the buildings that occupied Bally's, Borders and Leath furniture are empty and are all located on 76th Street.

Bruce Barry May 04, 2011 at 05:34 PM
Greendalers are grateful to Village President Hermes for his important comment. Where would we be without him?
Bren May 12, 2011 at 11:55 PM
All those empty buildings-the embodiment of "recession." Too add to this concern, the folks in the village who brought us Walmart might be working to find other Walmart-type tenants for these buildings. It would be interesting to review the historic landmark designation paperwork to see if there are any provisions that could protect Greendale from further urban blight.
the tree May 14, 2011 at 11:02 PM
Bren, just have the Village take over all the vacant properties, take them off of the tax rolls, and create more green space. Better yet, since you are good at telling other people how they should use their money, use yours.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something