Park Towne News & Notes
Joe
Development News for the Week of: 1/12/19 - 1/18/19

DEVELOPERS OFFER $100 MILLION IN PROJECTS FOR SOUTH PARK STREET IN MADISON

Two development partners have abandoned a joint effort to redevelop a 3.5-acre, city-owned parcel on South Park Street, with one seeking to move forward with a $24.8 million project including housing and a grocery store on the site and the other planning a $75 million medical clinic and parking on adjacent property.
- Wisconsin State Journal
Madison is exploring changes to its most potent financing tool for development in order to better and more responsibly support projects that create or keep jobs.
- Wisconsin State Journal
 
MADISON FINANCE COMMITTEE APPROVES LAKEFRONT PARKLAND, NEW GARVER FEED MILL AGREEMENT

Madison's Finance Committee on Monday approved spending $5.5 million for 3.65 acres of lakefront property on Lake Monona by Olin Park.
-The Cap Times
  

The Madison Youth Arts Center planned for Madison's Near East Side has tapped one of the city's best-known arts philanthropists for much of its funding.
- Wisconsin State Journal  
 

Around the State and Points Elsewhere  
 

A group of local investors, including a firm converting the former Grand Avenue mall into apartments, offices and a food hall, plans to buy the Milwaukee Journal Sentinel's buildings - creating another big downtown redevelopment play.
-Milwaukee Journal Sentinel

Milwaukee's rule requiring old, dilapidated houses to be slowly deconstructed, instead of quickly demolished, is being suspended over concerns about a growing backlog of blighted city-owned properties.
-Milwaukee Journal Sentinel  
 
 
A company that operates senior housing communities throughout the Milwaukee area is considering plans for a larger development in the village of Pewaukee. 
-Milwaukee Journal Sentinel
 
 
A large distribution center, with 250 employees, is being proposed for a site in Mount Pleasant near Foxconn's manufacturing complex.
-Milwaukee Journal Sentinel