Portillos, Total Wine & More and several other national tenants were confirmed Monday for the 84South mixed-use development along I-894 in Greenfield.
Other retailers joining the line-up when the $115 million project opens in summer 2017 include Fresh Thyme Farmers Market; Ross Dress for Less; ULTA Beauty; Kirklands; Carter’s; Oshkosh B’Gosh; and Five Below.
Steinhafels, will relocate later next year from its current location at 8400 West Layton Avenue to the new development.
Project developer, Milwaukee-based Cobalt Partners, anticipates being able to announce several additional tenants within the next 60 days.
“When complete, we expect 84South to include more than 530,000 square feet of commercial space, add more than $165 million to the city’s tax base, and create more than 600 new jobs,” said Scott Yauck, Cobalt Partners president and CEO. “This project serves as an outstanding example of what a public-private approach to redevelopment can accomplish and stimulate through imagination, execution, and teamwork.”
In May, BizTimes reported nine retailers and six restaurants were in various stages of negotiations for lease deals with Cobalt Partners. Those retailers included Portillo’s, Stein Mart, Total Wine & More, Ross Dress for Less, Marshalls, Ulta Beauty, OshKosh B’Gosh, Carter’s, Kirkland’s and Five Below.
Construction of three new buildings totaling more than 180,000 square feet and representing more than $35 million in development value has started and are expected to be completed by mid-2017.
“We are extremely pleased with the progress on 84South, which reflects our ongoing commitment to making the City of Greenfield an even better place to live, work and play,” said Mayor Michael Neitzke. “We fully expect that 84South will become a preferred destination within the southwest suburban marketplace and serve as a catalyst for additional new development in the region.”
Commencing nearly a year ago, a major milestone for the project has been reached making possible further development to the site. Led by Oak Creek-based C.W. Purpero, Inc., demolition, site grading, utility installation, and internal roadwork on the 48-acre site is nearly complete. This work included installation of a massive underground storm water management system that facilitated a higher-density development, which will feature a mix of uses, including retail, restaurant, office, and residential.
Once complete, 84South will include more than 315,000 square feet of retail shops and restaurants, 150,000 square feet of Class A office and 360 high-end residential units on 50 acres along I-894 at 84th Street in Greenfield.
