Villager Mall

Villager Mall is a redevelopment project that involved renovating the former Villager Center on the City of Madison’s south side.

Investment

  • NMTC Amount: $9,540,000
  • Total Project Cost: $9,582,434

IMPACT

  • 50 FTE jobs
  • 40 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.
  • 169,000 sq. ft. of real estate

CDEs

Investor

Project Description

Villager Mall is a redevelopment project that involved renovating the former Villager Center on the City of Madison’s south side. The Villager Center, originally constructed in the early 1960s, featured a mix of multiple tenant properties, both public and private, with leases of varying lengths. The 169,000 sq. ft. property was suffering from deferred maintenance and functional issues in the early 2000s, before the City stepped in to purchase the site in an effort to draw new retail tenants and services for the surrounding community. The property has brought in tenants including the Atrium, Planned Parenthood, UW Extension, Wisconsin Women’s Business Initiative Corporation (WWBIC), Madison Area Technical College, and Access Community Health.

MAP

Address: 2300 South Park Street, Madison, WI 53713

Census Tract: 55025001401

PDF Profile

Other Wisconsin Projects

Construction of a 106,369 sq. ft. educational facility on donated property.
NMTC financing supported a new 90,000 sq. ft. facility located in a severely distressed, non-metro, low income community.
Construction of community center: The new 20,000-sq. ft. facility houses wellness and health programs; meals and nutrition programs; financial services; creative arts and recreation programs; senior adult day care services;
Meister, a cheese manufacturer, used NMTCs to upgrade the MPP facility and purchase equipment.