WAUKESHA - We know that the long-vacant
Kmart site on Sunset Drive has been slated for the
future location of an Xperience Fitness, but what else
could be coming to the development?
a drive-thru Starbucks coffee shop, if Mayor Jeff Scrima
gets his wish.
a Thursday morning Joint Review Board meeting, Scrima
told commercial broker Jon Thoresen that several
citizens have expressed a desire for a drive-thru coffee
place in that part of the city, and asked for Starbucks
to be considered.
Thoresen said he and his associates are attending a
retail conference next week and plan to sit down with
Starbucks, as well as a few other retailers, and hope to
come out with letters of intent to locate there.
Warren, who represents the Waukesha School District on
the Joint Review Board, said the next board meeting will
be after the conference, so the board will be able to
see how successful Thoresen and his crew were.
the Plan Commission and Finance Committee have
unanimously approved a resolution establishing a tax
incremental financing district for the area.
proposed multi-million-dollar development would
transform the vacant Kmart into a shopping center
featuring a gym, retail stores and more.
Community Development Director Steve Crandell explained
to the Joint Review Board that the development would be
located within a proposed tax incremental financing (TIF)
district, and that the city could extend a $2.6 million
“pay-as-you go” TIF to development firm Endeavor Corp.,
which would be paid as the tax value is realized.
Thoresen of Commercial Property Associates said
representatives from Xperience Fitness have signed a
letter of intent to take over 40,000 square feet of the
former Kmart building, which has been vacant for several
years. Xperience plans to relocate from its current,
smaller location farther down Sunset Drive in a shopping
center in the Town of Waukesha.
Crandell said the developer will invest $13 million into
rehabilitating the existing building and constructing
the two outlots.
also said city staff hopes to build an underground flood
mitigation system on the site, since the area is
extremely prone to flooding.
district would also include a proposed Meijer store,
which Mayor Jeff Scrima recently announced is planned
for the southeast corner of Sunset Drive and Tenny
Avenue. Meijer would not receive any TIF funds, Scrima
Common Council will still have to approve the TIF, which
would be the city’s 22nd.