Retail developers are expressing significant interest in the former Delphi site in Oak Creek, according to newly elected Mayor Steve Scaffidi. However, the retailers that are being pitched for the site dont match the citys vision for the project, called Drexel Town Square.

The stores that have been proposed so far are chain stores similar to stores that are already in Oak Creek, said Scaffidi, who declined to name the specific retailers that have been proposed.

Im not interested in filling the site up with something (similar to what) we already have up and down Howell Avenue, he said. Its got to be a destination place that isnt offered in other places. Im going to hold out for that. I understand that makes the project more challenging.

The 85-acre former Delphi plant site is located southwest of Howell Avenue and Drexel Avenue in Oak Creek.

Earlier this year, city and Wispark officials announced the development plans for the site. The eastern third of the site will feature junior box retail stores (about 20,000 to 40,000 square feet each) and some outlot retail development. The middle third of the site will have a Main Street lined with multi-story buildings with retail on the ground floor and apartments on the upper floors. A Town Square on the Main Street is expected to be a gathering place and could be used for ice skating in the winter and farmers markets in warmer months. The Main Street area will also be the site of the citys new library and City Hall. The western third of the site will have apartment buildings similar to those in Milwaukees Historic Third Ward.

The entire development consists of 880,000 square feet of space, including 255,000 square feet of retail space, 70,000 square feet of civic space (for the library and City Hall) and 555,000 square feet of residential space.

Interest in the residential component of Drexel Town Square is strong, and Scaffidi expressed confidence that the apartments will attract tenants. City officials have interviewed about six multi-family housing developers that have expressed an interest in building the residential component of the development and plan to select one soon.

We have had a strong interest in the residential aspects from numerous developers, said Scaffidi, who declined to name the developers. Those will be unique residential units. Residential is the easy part of it. Well have no problem filling those things.

Robert Monnat, chief operating officer for Milwaukee-based multi-family housing developer Mandel Group Inc., said the Drexel Town Square project is a good move by Oak Creek and will help it attract an increasing number of residents that want to live in dense, walkable, mixed-use environments.

Theyre working to reinvent the climate of Oak Creek and provide a whole different sort of lifestyle that isnt currently available there, Monnat said. This is a great idea. If you dont take this step to bring about change, (Oak Creek) will probably never be anything other than what it is today. If (Oak Creek) wants to remain relevant, it has to do things that might seem kind of forced, but 10 years from now people will say, Of course thats what they should have done. I think it will be successful.

Read the original post:
Oak Creek mayor keeps retail bar high at Delphi site

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June 25, 2012 at 8:11 pm by Mr HomeBuilder
Category: Retail Space Construction