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A market for old properties

New Pick 'n Save progresses; old site remains in question

March 29, 2011

Greenfield — Construction is progressing in earnest on a new Pick 'n Save store at 4279 S. 76th St. while plans for the site it will vacate remain up in the air.

The city approved plans for the new store last summer and footing and foundation work was finished last year. A fall opening is planned.

That is when Pick 'n Save, which has been at the Spring Mall shopping center since 1980, will move into its new larger quarters just across the street.

Roundy's, which owns Pick 'n Save, is helping revitalize a small strip center that was previously anchored by a Sentry store, which closed some time ago.

Spring Mall's re-emergence

Meanwhile, as bricks are set into mortar, Spring Mall owner Centro Properties Group is looking for another anchor tenant, possibly using the space that will eventually be vacated by the existing Pick 'n Save, 4200 S. 76th St.

Stacy Slater, senior vice president of investment management for Centro, said Centro, which has owned Spring Mall since 2006, is interested in any retailer that would complement the businesses that are already occupy Spring Mall and that fill a need in the area. Other tenants of Spring Mall include T. J. Maxx and Walgreens.

Slater declined to give examples. "We also are in the early stages of exploring potential redevelopment there," she said.

She left open the possibility that Centro could divide the existing 85,000-square-foot Pick 'n Save space into smaller spaces to accommodate smaller businesses. It's also possible the old building could be razed and replaced by new construction, she said.

City concerns

Asked if he was concerned about such a large space being empty, Chuck Erickson, director of economic development and planning for Greenfield, said: "My guess is there may be other types of commercial activities that would work well at the Spring Mall site."

The city had expressed concerns last year about the lack of progress on improvements officials wanted to take place at Spring Mall. At the time, Mayor Michael Neitzke said the financial state with Centro itself was in question, making talk of any redevelopment prospects premature.

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