Welton, SSM to transform Park Street

Source: In Business Madison

Deciding to go their separate ways on South Park Street, Welton Enterprises of Madison and SSM Health now propose two separate projects that will amount to about $100 million in development at or near the former Truman-Olson U.S. Army Reserve Center property.

According to a Wisconsin State Journal report, Welton hopes to pursue a $24.8 million project named Truman Commons that would include a 40,355-square-foot grocery store, parking lot, and a separate five-story building with 69 housing units and mostly underground parking on a vacant lot at 1402 S. Park St. The developer is asking the city for between $4.5 million and $4.7 million in financial assistance.

SSM, meanwhile, is looking to purchase adjacent property Welton owns at 1312 S. Park St. — currently a 26,000-square-foot Pick’n Save — to build a new medical building that would replace its aging clinic at 1313 Fish Hatchery Road. A city committee is analyzing the proposals.