JT Klein Co. has yet to release details of the plan, but it will likely include a mix of affordable and senior housing along with retail and commercial space.
Hy-Vee, the owner of the shopping center, will become the lone retailer but is looking for a developer for the property.Â
The J.C. Penney store in Richland Center is among the casualties.
Some of the top business stories from the past week include:
Many stores will open Thanksgiving evening or late afternoon.
The yawning income gap is being blamed for traditional shopping centers falling on hard times.
A baby in a stroller was used as a cover for stolen merchandise on Black Friday at an East Towne Mall store, with a security guard beaten up by the suspects before they were arrested and the items recovered.
The J.C. Penney store at West Towne Mall is undergoing a $4 million renovation as part of the company's investment in its existing stores.
A "suspicious box" that prompted a bomb scare and partial evacuation at West Towne Mall on Friday afternoon was left there by a man who had won it, Madison police reported Saturday.
