If Willy Street Co-op elects to open its third location in what is now home to Pierce’s Northside Market, customers will have a new parking lot.
The shopping center owners, David and Donald Bruns, have submitted a request to the city’s Community Development Authority for a $250,000 loan from the Madison Capital Revolving Loan Fund. If approved, the money would be used to resurface the parking lot in front of the store, something being asked for by Willy Street Co-op as a condition of signing a lease, according to documents filed with the city.
The co-op announced in late January that it is studying a plan for the 25,000-square-foot space at 2817 N. Sherman Ave. because Pierce’s 10-year lease is scheduled to end this summer.
“While no decision has been made at this time, we have heard from many owners and members of the community regarding this project via emails, customer comments dropped at the stores, our website, Facebook and Twitter,” Kristen Moore, director of co-op services wrote in the March edition of the Reader, the co-op’s newsletter. “At the time of writing, we had already responded to comments and inquiries from 307 people. The information shared has been very helpful and overwhelmingly supportive of our preliminary research.”
According to loan documents, Willy Street would lease the space for $4.75 per square foot, per year, or $9,896 a month, for 10 years with two five-year renewals.
Under loan terms for the parking lot improvements, Sherman Plaza Inc. would be issued a five-year note at 3 percent interest.
The revolving loan fund program is designed to encourage job creation, diverse housing options, and the redevelopment of blighted and underutilized properties.
Loans can range from between $50,000 and $250,000 and are administered by the CDA and the Common Council.
In 2014, the co-op’s more than 32,000 members approved pursuing a third store to expand the its footprint.
Willy Street Co-op operates stores at 1221 Williamson St. and 6825 University Ave. in Middleton, has a commercial kitchen at 1882 E. Main St. in Madison and corporate offices at 1457 E. Washington Ave.
But while the prospects for a North Side location appear to be positive, the co-op is keeping its options open but can only open one new store.
Moore said that other locations suggested by owners included Madison’s South Side, Allied Drive, Cottage Grove Road, Sun Prairie, Fitchburg, Verona, Waunakee, Whitewater, Monona and in Iowa County.
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“We looked at many locations, and since no plans have been finalized, we are still considering some of those locations,” Moore wrote. “We recognize that there are lots of potential neighborhoods that would enjoy a Willy Street Co-op, and we are thrilled that people have advocated for their own parts of town.”
Hotel plans to expand: More rooms could be coming to a Madison hotel along the Beltline.
The owners of the Sleep Inn & Suites, 4824 Tradewinds Parkway, located on the south side of the Beltline and west of Agricultural Drive, have proposed a 72-room addition to the property that would nearly double the size of the hotel to 160 rooms.
According to plans submitted to the city by owner Kevin Wilson and Beltline Hotel Partners, the three-story, 44,878-square-foot addition would be constructed on the east side of the hotel, which was built in 2009. When completed, the hotel would have 177 parking stalls, according to plans.
Wilson’s KGW Management Co. also operates the Super 8 along the Beltline and just west of Fish Hatchery Road, and the AmericInn Hotel & Suites, located at Highway 12-18 and Interstate 39-90.
Sun Prairie remodeling company does a job for itself: A former gas station just west of Sun Prairie’s historic downtown is getting a makeover.
Jennings & Woldt Remodeling has bought a former Marathon gas station property. Plans call for removing the existing building and constructing the JW Home Design Center. The new facility would replace the company’s current showroom at 526 Commercial Ave., located behind the gas station and give more visibility to the business.
“We are thrilled to be a part of the downtown revitalization, and to be investing back into our community,” said Jeremy Woldt, Jennings & Woldt president. “The new location allows us to expand into the JW Home Design Center, which is something we have had in the works for a very long time.”
The new design center will feature a larger showroom with cabinets, countertops, window coverings, and flooring options plus lines of custom- designed furniture and retail space. The original building will become a larger warehouse and workshop area for the remodeling crew, Woldt said.
Gas station demolition is underway with initial work on the new building scheduled to begin as weather allows. The new showroom is scheduled to open in early 2017.
Jennings & Woldt was founded in 1997 and is a full-service home and commercial remodeling company.