Auto Zone, Rocky Rococo, Anytime Fitness, Great Clips and a stand-alone Buffalo Wild Wings restaurant could replace the vacant former dealership.
The city of Milwaukee Redevelopment Authority last week approved a plan to provide $500,000 in tax incremental financing (TIF) funds for the redevelopment of the former Foster Pontiac property at 3636 S. 27th St. The property has been vacant since 2006.
Under the development plan, the dealership building would be remodeled into a 19,550-square-foot multi-tenant retail building and an 8,000-square-foot stand-alone restaurant building would also be built on the property. The developer for the project is Foster Endeavor LLC, according to city documents.
The redevelopment is 78 percent pre-leased. The tenants will include Auto Zone, Rocky Rococo, Anytime Fitness, Great Clips and a stand-alone Buffalo Wild Wings restaurant.
About $500,000 in TIF funds would be provided for the $5.5 million redevelopment of the Foster Pontiac site, if the project is approved by the Common Council.
There are several vacant sites along the South 27 Street corridor, but city officials are hopeful the area can be revitalized because there are about 30,400 households, with an average household annual income of $45,700, within a 3-mile radius.
The street gained a new business recently when Rosen Automotive Group opened a new $2 million Rosen Kia dealership at 5575 S. 27th St. The new dealership is located next to the Rosen Nissan dealership, built in 2006, and a Rosen used vehicle store.
