Welton, SSM to transform Park Street
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.