Developer puts big project near West Towne Mall on hold. (Wisconsin State Journal, 3/21/2017)
As configured, the finances of the project simply do not add up, said Melissa Huggins, a principal at Urban Assets of Madison who is a consultant for Livesey on the redevelopment.
Livesey, which owns the property, now will take months to “retool” the project and determine what makes economic sense, Huggins said. “
It’s a blow,” she said. “There’s been a lot of thought and a lot of investment. It’s disappointing, that’s for sure.”
3/7/2017 update, Sign of a major change at Gammom and Mineral Point roads, starts here.
Not a done deal yet.
Photos by Retiring Guy
Mixed-use project at Mineral Point and Gammon referred to allay neighborhood concerns. (Capital Times, 1/26/2017)
The project would be built in five phases over the next five to 15 years, potentially adding up to 17 buildings. The application states that future uses could include a grocery store, senior housing and a hotel. Plans include a new private road, Monona Drive, that winds through the center of the development, which the application refers to as “the spine that ties the project together.”
Original 10/23/2016 post, "Makeover at Gammon and Mineral Point roads", starts here.
Photo by Retiring Guy
The estimated $50 million first phase of the development called West Place would involve construction of five buildings clustered on the corner of Gammon and Mineral Point roads. They would total 106 apartments, nearly 50,500 square feet of retail space and about 23,000 square feet for office space.