Old Boston Store to be developed into apartments at Southridge Mall, Greendale
GREENDALE, Wis. - The Greendale Village Board gave the green light on Tuesday, Dec. 21 for Barrett Lo Visionary Development’s proposal for a mixed-use development at the site of the former Boston Store property at Southridge Mall.
The development would bring new apartment options for residents, modern retail amenities and new tax base to the community, a news release says.
The Southridge Mall development is expected to include a residential complex constructed in three phases with a total of up to 790 apartments including underground parking. The buildings will have a mix of one-, two- and three-bedroom units. The development will also include 50,000 square feet of retail/commercial space.
Old Boston Store to be developed into apartments at Southridge Mall, Greendale
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The proposal has been developed to eliminate the former Department Store, enhance and/or stabilize the tax base, improve the vitality of the Southridge Mall area, and attract new residents.
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Barrett Lo Visionary Development co-founder Rick Barrett
"We are thrilled to partner with the Village of Greendale on this historic, transformational project on the nearly 15-acre site of the abandoned Boston Store at Wisconsin's largest shopping mall. We thank the Village for its confidence in Barrett Lo and and look forward to working with the community to bring this project to life.
"Through this public-private partnership, we will be able to realize a shared vision for a high-quality mixed-use development that brings new apartment options for residents, modern retail amenities and adds more than $100 million in additional tax base to the community.
"We are passionate about working on big, bold projects that really make a difference for communities. That’s exactly what we see with this project - an opportunity to create a real destination for Greendale, with a mixed-use upscale lifestyle center that generates significant new tax base and value for the community."
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