News and NotesConservancy Place - DeForest, WI


Park Towne Development: News & Notes

Normally in March I would not be cheering for snow but with the lack of snow this year, it will be fun to get some more.

The Madison Area Builders Association Home Product Show is today through Sunday at the Alliant Energy Center. If you are going to the show, stop by our booth, number 916.

Have a great week!

Joe 

 

Development News for the Week of:    2/25/2012 -  3/2/2012  

14-STORY MIXED-USE APARTMENT BUILDING PROPOSED FOR DOWNTOWN MADISON 

 

A developer is offering another ambitious project for the core Downtown, this time a 14-story, $25 million mixed-use project near Overture Center and State Street. The city is intrigued and also asked Hovde Properties to explore the feasibility of including new Downtown Fire Department facilities, which could roughly double the cost, size, housing units and parking spaces in the project.  

 

OREGON PARK PLAN COMES TOGETHER 

 

Dane County is planning a large multi-use park near Oregon on land once tilled by a longtime politico dedicated to agriculture and land use. A master plan for the park on a 127-acre parcel the county purchased from Lyman Andersons family in the town of Oregon calls for a 40-acre off-leash area for dogs.

 

STATE SUPREME COURT WON'T REVIEW DECISION ON EDGEWATER 

 

In what may be just a footnote to a once-lingering controversy, the state Supreme Court on Thursday said it wont review an appeals court decision that upheld a Madison City Council vote supporting a project to redevelop the Edgewater Hotel.

 

PETITION WOULD MAKE APPROVAL HARDER FOR GRANDVIEW COMMONS COPPS STORE  

 

Residents filed a petition with the city to make it harder for a developer to get a zoning change for a big-box grocery store in the Grandview Commons neighborhood on the Far East Side. The petition, if verified, means Veridian Homes must win a three-quarters supermajority of City Council members casting votes on a proposal to change zoning to accommodate a 58,000-square-foot Copps grocery store.

 

CHAMBER SUPPORTS BLOCK 100 FOUNDATION PROJECT SET TO TRANSFORM DOWNTOWN MADISON 

 

The Greater Madison Chamber of Commerce Board of Directors passed a resolution supporting the timely approval of the Block 100 Foundation Project. The project - completely funded by a philanthropic gift from Jerry Frautschi and Pleasant Rowland - goes far beyond transforming the 100 block of State Street and North Fairchild Street.

 

PROPOSED STATE STREET RECONSTRUCTION DELAYED 

 

The city delayed a State Street reconstruction proposal after a decision from the Landmarks Commission Monday included the potential demolition of two Mifflin Street buildings...David Stark, whose grandfather the Stark building was named after, said the benefits the proposal will give to the city far outweigh any historical or emotional value of the building

  

CITY TO HOLD PUBLIC MEETINGS FOR STUDY ON NEIGHBORHOOD CENTERS 

 

The city of Madison has set a series of meetings starting next week to get public input for a study on neighborhood centers. The study, to be done by the Community Development Division, will cover the role of neighborhood centers in the human services delivery system.

 

METCALFES PROPOSES EAST WASH LOCATION 

 

Two building proposals for the city-owned land along East Washington Avenue envision different futures for the area east of Capitol Square. Proposed by Metcalfes Market, the newest plan for the former site of the Don Miller auto dealership along the 800 block of East Washington is a $45 million package, the centerpiece of which is a new Metcalfes location with a rooftop farm

 

W SOLAR STILL PLANS MOVE TO MADISON AREA 

                   

When W Solar Group announced in December 2010 that it planned to move its headquarters and research center to the Madison area from Chatsworth, Calif., and to open a solar panel factory somewhere in Wisconsin in 2012, state and local officials cheered. The state offered up to $28 million in enterprise zone tax credits if the company followed through on its promise to create more than 600 jobs and invest $300 million or more in Wisconsin facilities by 2015.

 

BANKS SOMETIMES TURNING TO SHORT SALES FOR UNDERWATER MORTGAGES

  

As the Madison-area housing market struggles under a backlog of distressed properties, national banks are seeking short sales more aggressively as a less-costly alternative to additional foreclosures.

 

 

The national banks offering cash incentives to delinquent borrowers in short sales say the practice makes sense. "We think a short sale is a better and faster solution for the homeowner and the neighborhood and the investor, when the homeowner doesn't qualify for a modification," said Chase Bank spokeswoman Christine Holevas. "It allows everything to move forward." Holevas also confirmed her bank was doing more short sales and offering incentives of up to $35,000 per seller.

 

SCHOOL BOARD RACES BUFFETED BY ACHIEVEMENT GAP TENSIONS

 

Since 2007, there have been nine elections for seats on the Madison School Board. Only two have been contested. This year, two seats on the School Board are hotly contested, a political dynamic that engages the community and that most members of the board welcome.


CANDIDATES FOR OPEN SCHOOL BOARD SEAT BRING DIFFERENT BACKGROUNDS TO RACE 

 

Both races for Madison School Board feature matchups between a candidate with strong business acumen and boardroom experience versus a minority candidate with experience more representative of the district's growing student population.

 

NICHOLS SEEKS TO UNSEAT SILVERIA ON SCHOOL BOARD

 

There hasn't been as much interest in a School Board election until this year, when once again the election features a closely contested open seat and an incumbent facing a spirited challenge.

   

 

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 Around the State and Points Elsewhere
 

WISCONSIN, MINNESOTA CLOSE TO DEAL ON TAX RECIPROCITY 

 

Lawmakers and state officials in Minnesota and Wisconsin are close to finalizing an agreement that would allow residents who live in one state and work in the other to file one income tax return beginning next year. Sen. Jeremy Miller, R-Winona, is one of several lawmakers working with revenue officials this week on a tax reciprocity plan, which Miller called "an extremely important issue" for southeast Minnesota residents.

 

 LAMBEAU DEAL ADDRESSES HAZARDS

 

Miron Construction Co., the Green Bay Packers and subcontractors, suppliers and labor union representatives on Monday signed a strategic partnership agreement with OSHA and state regulators to reduce safety hazards during the Lambeau Field expansion project. The Occupational Safety and Health Administration said the voluntary program is focused on identifying and controlling safety hazards, improving safety and health programs, promoting a cooperative relationship between labor and management, and encouraging employee participation in safety

 

MILTON LOOKING TO LURE NEW BUSINESSES 

 

Milton city officials are hoping a couple of new economic development plans will help lure new businesses to the city and give existing businesses more of a say in city policy. City Administrator Jerry Schuetz said the city plans this year to partner with two local lenders to start a small business loan program that will help new businesses relocate to Milton. Meanwhile, the city this month is launching a small business task force that Schuetz said will bring together business leaders and city officials to discuss business development strategies and city regulatory policy that impacts businesses

 

ABELE WANTS TO CREATE PARK EAST CORRIDOR ADVISORY WORK GROUP 

 

In his State of the County address this week Milwaukee County Executive Chris Abele said he is directing Brian Taffora, the county's director of economic development, to work with Milwaukee Department of City Development commissioner Richard "Rocky" Marcoux to form a Park East corridor advisory workgroup. "This group, which I am announcing this morning, will draw on the expertise and perspective of local developers, commercial real estate professionals, business leaders, as well as county and city officials," Abele said. "Their sole focus will be understanding how we can creatively leverage the assets the city and the county have to create and implement a plan that will attract jobs and vitality to the Park East corridor."

 

PARK EAST APARTMENTS PLAN LANDS NEW PARTNER; WORK COULD BEGIN THIS YEAR

 

The long-delayed Park East Square apartment development might finally see a construction start this year, thanks to the developer acquiring a partner to help finance the project. Developer Richard Curto is scheduled to appear at Monday's meeting of the County Board's Committee on Economic and Community Development to provide the details. The newly posted committee agenda includes a letter from Curto asking to make an appearance.

 

 

A proposal to demolish Milwaukee's East Library branch and replace it with a new library and upper-level apartments won recommended approval, and compliments for its revised design, from the Plan Commission at its Monday meeting. HSI Properties LLC wants to build 99 apartments, most of them one-bedroom units, with 118 underground parking spaces for the residents. Forty enclosed street-level parking spaces would be set aside for library patrons. 

 

 

Madison-based AnchorBank's foreclosure suit targeting Milwaukee's Oriental Theatre, and other properties owned by partnerships led by developer Boris Gokhman, has been dismissed, according to online court records. While the Gokhman partnerships still own the Oriental Theatre, other properties used to secure bank loans are now owned by Anchor.

 

 

The operators of Sentry Foods and Piggly Wiggly supermarkets in the Racine County community of Mount Pleasant are publicly fighting plans for a Walmart Neighborhood Market. Those rival supermarket operators "essentially plead for their lives" at a recent Plan Commission hearing, according to this story from the Journal Times.


FRANKLIN MANUFACTURER WILL NEARLY DOUBLE ITS FACILITY

 

S&C Electric Co.plans to nearly double the size of its facility in the Franklin Business Park, according to a FranklinNow.com story by reporter Candace Romano. The Chicago-based manufacturer plans on building a 38,323-square-foot addition to its existing 42,811-square-foot building, at 5251 W. Franklin Drive.

 

CONSUMER CONFIDENCE LEAPS IN FEBRUARY

 

A private research group says that consumer confidence in February rose dramatically from last month to the highest level since a year ago when the U.S. economy's outlook started to look brighter before souring again. The Conference Board's Consumer Confidence Index now stands at 70.8, up from a revised 61.5 in January, helped by consumers' improving assessment of the job market. Analysts had expected a reading of 63. The February reading marks the highest level since February 2011 when it was 72.0.

 

 

The village of Courbefy has rustic buildings with fireplaces and exposed beams, a horse stable, a tennis court and a swimming pool. Sound nice? It's for sale. The saga of the abandoned hamlet is a story of flight from rural France, bad economic times and real estate schemes gone awry. It's turned the mayor of the village next door into a minor celebrity whose office fields inquiries from places as far flung as Qatar and China.