City staff: Rule Enterprises' $41.3 million project best for vacant South Side site. (Wisconsin State Journal, 11/13/2019)
Rule Enterprises has proposed a first-phase $41.3 million, six-story project with a 30,000-square-foot grocery, 150 mixed-income housing units and a 345-space parking garage on the 3.5-acre site at 1402 S. Park St., which once held the now-demolished Truman Olson Army Reserve Center. A five-story second phase, with no cost details, would have 80 housing units.
1/18/2019 update, "Development plans still up in the air regarding 1400 block of South Park Street in Madison", starts here.
screenshot from iPhone
Did you notice that a grocery store is already located here? In April, two teams — Hovde Properties/SSM Health and Welton Enterprises — each offered pricey, competing proposals to redevelop the vacant property at 1402 S. Park St., which once held the now-demolished Truman Olson U.S. Army Reserve Center.
But in the summer, the teams, which also have properties abutting the Truman-Olson site, asked the city to put its review on hold so they could combine proposals and forge a larger, more comprehensive plan for the area.
Original 4/26/2018 post, "New mixed-use development set for 1400 block of South Park Street in Madison", starts here
Panorama from South Park and Beld
2 developers vie for city-owned land on South Park Street. (Madison.com, 4/14/2018)
Two developers submitted proposals for the vacant 3.5-acre lot at 1402 S. Park St., which formerly held the Truman Olson Army Reserve Center. Both included some of the targets mentioned in the city’s request for proposals — such as a grocery store, housing and parking — but differed in scope, according to the proposals released Friday. “They both bring a significant presence on Park Street and try to maximize the use of a deep and narrow site,” city real estate manager Matt Wachter said.
Views from both sides of the streets
Wonder how Pick 'N' Save feels about a second grocery store in the immediate vicinity.