Opus Development Corp. plans to expand its Shoppes at Fox River development, at 1200 Sunset Dr. on the southwest side of Waukesha.
The project will add about 74,000 square feet of retail space for seven tenants, said city planner Doug Koehler. The expansion will be added to the northeast corner of the shopping center adjacent to the Pick ‘n Save store, he said.
Tenants for the project have not been announced officially. However, one commercial real estate source said that T.J. Maxx, Ulta Beauty, Rue 21 and Charming Charlie are some of the tenants showing interest in the project.
Mid-America Real Estate is handling the leasing for the project. Mid-America principal Dan Rosenfeld declined to comment for this story.
Other existing tenants at the shopping center include Target, Petco, Dollar Tree, Famous Footwear, Buffalo Wild Wings, Chili’s, CVS, Maurices, Noodles & Company, Dollar Tree and Associated Bank.
The Shoppes at Fox River was built at the former Fleming Cos. property northwest of Sunset Drive and Champan Drive. Opus started construction of the project in 2008. It was one of the few retail develoments built in the metro Milwaukee area during the Great Recession.
At the end of 2010 Opus sold a large portion of the shopping center to Farmington Hills, Mich.-based Ramco-Gershenson Properties Trust for $23.8 million. The deal consisted of 135,484 square feet of space that was attached to the Target store and in four free-standing multi-tenant retail buildings. The deal did not include the 132,382-square-foot Target store, the CVS store building the Chili’s restaurant building or the vacant land in the development. Target, CVS and Chili’s own its buildings and Opus retained ownership of the vacant land in the project.
