Wal-Mart's proposal for the location on 76th Street at the old U.S. Bowling Congress will include a grocery market, pharmacy and two out lots for development by future tenants.
Residents will have the opportunity to provide input on the proposed development at the open house on Thursday April 7 at Greendale High School at 6 p.m. The proposal will be available for public viewing on Wednesday April 6.
“Wal-Mart’s proposal to develop a retail and grocery store at the Bowling Congress site presents significant opportunity for the Village of Greendale to redevelop this abandoned site without any village-offered economic incentives,” said Village President John Hermes. “The addition of a major retailer with grocery store would enhance retail diversity and function within the South 76th Street business corridor."
The building will be less than 100,000 feet in size, which is half the size of a Wal-Mart Supercenter.
The Bowling Congress site is not located in a TIF District, the increase in assessed value of approximately 10 million dollars produced by the development would improve the Village's tax base.
“I look forward to reviewing the proposal and listening to the feedback from our residents,” said Hermes. “Following the open house discussion we will determine the best course of action for the use of the site.”
The proposed Wal-Mart is part of major redevelopment being done to the South 76th Street commercial area. Construction on a new senior housing development has already started. Simon Property Group has committed to invest in a $52 million dolllar redevelopment of Southridge Mall.