The construction of the new Wal-Mart at the old U.S. Bowling Congress site on 76th street is moving forward and should start soon.
Wal-Mart recently completed real estate transactions. The Village of Greendale and Wal-Mart will be finalizing the demolition and construction schedule in the coming weeks.
Wal-Mart representatives have stressed that this particular store will be a neighborhood store meant to service the community within a 2-mile radius.
During the approval process U.S. Bowling Congress owners and village officials said that it took
The current property where Wal-Mart would be is valued at $4 million. Since the site is not a TIF District 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, according to a press release from the village.
“We are pleased that Wal-Mart has chosen to purchase and transform the abandoned American Bowling Congress site into a new smaller grocery/merchandise footprint. This project adds significant value and tax base for Greendale and provides area shoppers more retail depth within the 76th Street business corridor,” said Village President John Hermes. “It's another important project adding to the larger excitement ongoing within the Southridge commercial area.”
RECENT GREENDALE DEVELOPMENTS
- In December 2010 the Village of Greendale approved a $16 million TIF Distrcit to help the $52 million renovation of .
The mall renovations, which have started already, will include new interior and exterior features and amenities like flooring, lighting, redesigned mall entrances, signage and a fully renovated and updated Food Court. Renovation plans also include the addition of Macy’s as a new anchor.
- In March 2011, the General Capital Group closed on the purchase of three acres of land and secured financing for a 90-unit independent living senior housing complex along the S. 76th St. Corridor, adjacent to Southridge Mall. The Village of Greendale approved its first TIF district help this project.
The $17 million development, known as Berkshire-Greendale, is currently under construction and expected to be completed in early 2012.
- In September the Greendale Village Board of Trustees to approves the creation of a third tax district of $2 million for the $8.5 milllion dollar interior renovation of in Southridge Mall.
A press release from the Village of Greendale states, "In recent years, it has been a top priority for the Greendale Village Board to explore various options for energizing a revitalization of the 76th Street commercial area, as we’ve seen most recently through numerous new developments in the Village."