12°

Lake Country Weather

  • Log-in Edit profile
  • Register Logout

Advertisement

Menomonee Falls and Kohl's seal the deal

Nov. 6, 2012

Menomonee Falls - The village of Menomonee Falls and Kohl's Department Stores officially closed on a real estate transaction Friday morning, the last piece of the puzzle necessary for Kohl's to begin construction of its corporate campus.

The closing came after the Village Board approved the final implementation agreements during a closed meeting Nov. 1, according to Village Manager Mark Fitzgerald.

As part of the deal, the village first purchased a 53,000-square-foot office building at 800 Woodland Prime.

The village then traded that building and three vacant parcels in the Woodland Prime Office Park located on Flint Drive, north of Good Hope Road, between Highway 45 and Appleton Avenue. The parcels are 70 acres, 14 acres and nine acres. These three parcels and the building will eventually be home to a 900,000-square-foot corporate campus, Fitzgerald said.

In exchange, Kohl's gave the deed of its former distribution center, W13901 Woodale Drive, to the village. The four parcels total 89.2 acres in the northern part of Woodland Prime.

"All the transactions consummated this morning," Fitzgerald said. "We've been working on this for a pretty long time and we are very pleased to be at this stage."

There is no word on when construction will begin; however, Kohl's has to provide the village with a commencement notice.

Kohl's has three years to provide a commencement notice to the village that states when construction will begin. Once that notice is received, the village has to begin $13 million of road construction projects within 30 days as a result of the office park growth.

The construction will ultimately be paid for by taxes coming in as part of Tax Incremental District No. 10, where the corporate campus for Kohl's will be located.

- Reporter Danielle Switalski contributed to this story

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Weekend Happenings

Featured this week:  

The Art of the Bicycle: 11 a.m. Nov. 21, 26, Delafield Arts Center, 719 Genesee St., Delafield. Diane Lehman, Peter Kudlata and Wheel & Sprocket. Gallery hours are 11 a.m.-4 p.m. Wednesday through Friday and 11 a.m.-3 p.m. first and third Saturdays and by appointment, Free www.delafieldartscenter.org.

Organ Concert: 1:30 p.m. Nov. 21, St. Jerome Catholic Church, 995 S. Silver Lake St., Oconomowoc. Oconomowoc Music Club is hosting a concert by renowned organist Dr. Simone Gheller. Refreshments will be served after the concert. Free.

Yuletide Faire: 5-9 p.m. Nov. 21; 9 a.m.-3 p.m. Nov. 22, Prairie Hill Waldorf School, N14-W29143 Silvernail Road, Pewaukee. $4 in advance or $5 at the door for adults and $1 in advance or $2 at the door for children under 15. Features strolling minstrels and costumed characters, puppet shows, storytelling, candle dipping, face painting, children’s craft workshops, children’s holiday shopping, live music, silent auction, children’s book sale, natural toys, 35 vendors, warm food, homemade desserts, candies, nuts and other treats. 

Fashionable Tidings Gala Luncheon: 11 a.m.-2 p.m. Nov. 22, Country Springs Hotel, 2810 Golf Road, Pewaukee. Holiday fashions of local clothiers Paul Bruce Goodman and Liebling Leather. Music by Brusubardis String Ensemble. Lunch includes shrimp scamp and angel hair pasta with vegetables provencale. Wine tasting  and auction. Benefits Waukesha Choral Union. $35. Call (414) 297-9310 for tickets. www.choralunion.org.

Updates to this calendar are made weekly Monday afternoon. 

 

All weekend happenings.