{"id": "m-eea685c47a", "slug": "greendale-southridge-mall", "type": "mall", "name": "Southridge Mall", "aka": null, "city": "Greendale", "county": "Milwaukee County", "state": "WI", "country": "US", "census_division": 3, "lat": 42.94838, "lon": -88.00479, "geocode_method": "override", "address": null, "metro": null, "original_use": "mall", "year_opened": null, "year_closed": null, "acres": 14.8, "gla_sqft": null, "stores_peak": null, "levels": null, "original_developer": null, "original_architect": null, "before_notes": "Record created from a 2024+ transaction, listing or loan report; no retrofit recorded.", "strategy": [], "new_use": null, "share_retrofit": null, "status": "operating", "year_retrofit": null, "developer": null, "architect": null, "after_notes": null, "narrative": null, "narrative_license": null, "narrative_source": null, "zoning_change": null, "public_subsidy": null, "entitlement_year": null, "planning_notes": null, "wikidata_qid": null, "wikipedia": null, "osm_id": null, "verified": "draft", "verified_by": null, "last_verified": null, "last_updated": "2026-10-18", "created": "2026-10-18", "contributor_name": null, "contributor_org": null, "contributor_link": null, "international": 0, "county_fips": "55079", "opp_score": 0.0, "opp_reasons": ["already in play: under construction, approved, or sold to a developer with housing plans", "county shrank -2.8% 2018–23", "distressed loan or foreclosure"], "for_sale": 0, "distressed": 1, "url": "https://retrofitatlas.org/malls/wi/greendale-southridge-mall/", "events": [], "sources": [{"id": 6912, "site_id": "m-eea685c47a", "url": "https://dailyreporter.com/2026/10/12/after-southridge-mall-sale-demolition-soon-for-boston-store/", "title": "After Southridge Mall sale, demolition soon for Boston Store", "publisher": null, "date": "2026-10-12", "quote": "We are encouraged by the sale of Southridge Mall after years of uncertainty.", "kind": "news", "license": null, "retrieved": "2026-10-18"}], "deals": [{"id": 392, "site_id": "m-eea685c47a", "kind": "sale", "date": "2026-10-06", "year": 2026, "acres": null, "sqft": null, "buyer": "Southridge Mall Member LLC (Spinoso / Wynkoop Financial JV)", "seller": "Simon Property Group affiliate", "broker": null, "lender": "JPMorgan Chase affiliate (orig. Barclays)", "loan_maturity": null, "loan_status": "foreclosed", "listing_url": null, "status": null, "notes": "", "source_url": "https://dailyreporter.com/2026/10/12/after-southridge-mall-sale-demolition-soon-for-boston-store/", "source_title": "After Southridge Mall sale, demolition soon for Boston Store", "source_date": "2026-10-12", "quote": "We are encouraged by the sale of Southridge Mall after years of uncertainty.", "verified": "draft", "retrieved": "2026-10-18"}, {"id": 393, "site_id": "m-eea685c47a", "kind": "sale", "date": "2026-05", "year": 2026, "acres": 14.8, "sqft": null, "buyer": "BLVD Southridge LLC (Barrett Lo Visionary Development)", "seller": null, "broker": null, "lender": null, "loan_maturity": null, "loan_status": null, "listing_url": null, "status": null, "notes": "Planned use: 740 market-rate apartments, ~20k sf retail, green space. ", "source_url": "https://dailyreporter.com/2026/10/12/after-southridge-mall-sale-demolition-soon-for-boston-store/", "source_title": "After Southridge Mall sale, demolition soon for Boston Store", "source_date": "2026-10-12", "quote": "The parcel is 14.8 acres, and demolition is planned to begin in October, with construction starting by May 2027.", "verified": "draft", "retrieved": "2026-10-18"}], "parties": [], "parcels": [], "context": {"assessment": {"what_happened": "Southridge Mall opened as a traditional retail mall and has remained operating. In 2026 it experienced a foreclosure sale to Southridge Mall Member LLC (Spinoso/Wynkoop Financial JV) and a separate sale to BLVD Southridge LLC, which plans 740 market‑rate apartments, ~20k sf retail, and green space.", "why": "The record cites a distressed loan/foreclosure and notes the property is 'already in play' with approved housing plans, indicating financial stress and a pivot to residential redevelopment as the primary causes.", "where_it_stands": "The mall is currently listed as operating but under redevelopment, with control split between the foreclosure buyer Southridge Mall Member LLC and the developer BLVD Southridge LLC holding the housing entitlement.", "for_a_planner": ["Precedent of mall‑to‑housing conversions in the region.", "Policy tools likely involved: zoning amendments, tax‑increment financing, or affordable‑housing incentives.", "Open questions: timeline for construction, affordability mix, and infrastructure impacts (traffic, utilities)."], "for_a_developer": ["Site size: 14.8 acres.", "Control: divided between foreclosure holder and housing developer; need to clarify ownership structure.", "Entitlement stage: housing plans appear approved (740 units, 20k sf retail).", "Constraints: no flood, transit, or environmental data provided in the record.", "Market signals: tract‑level data not included; local demand for multifamily housing unknown."], "risks_and_unknowns": ["Exact opening date and original anchor tenant mix are not recorded.", "Current occupancy and lease status before foreclosure are unknown.", "Environmental, floodplain, and transit context layers are missing.", "Details of the foreclosed loan terms and any liens are not provided.", "Verification status is 'draft', indicating the data may be unverified or incomplete."], "data_quality": "thin", "one_line": "Southridge Mall, a 14.8‑acre operating mall in Greendale, WI, faces foreclosure and is being redeveloped for 740 apartments and retail.", "model": "nvidia/nemotron-3-super-120b-a12b", "machine": "NVIDIA API via Hermes CT", "record_sha1": "0907f9551074"}, "cluster": {"within_10km": [{"id": "m-32642a621b", "name": "Spring Mall", "city": "Greenfield", "status": "operating", "km": 2.2}], "count_10km": 1, "count_25km": 9}, "edgar": {"query": "Southridge Mall", "city": "Greendale", "total": 219, "name_only_total": 6, "common_name": true, "sampled": 100, "latest": "2020-12-31", "earliest": "2002-05-17", "cmbs": [{"name": "JPMBB Commercial Mortgage Securities Trust 2013-C12", "cik": "0001577545", "n": 4, "first": "2013-06-21", "last": "2013-06-25", "forms": {"8-K": 4}, "cmbs": true, "kind": "cmbs", "sic": "6189", "acc": "0001539497-13-000556", "doc": "exhibit_4-1.htm", "adjacent": false, "vintage": 2013}, {"name": "JPMBB Commercial Mortgage Securities Trust 2013-C14", "cik": "0001582605", "n": 2, "first": "2013-08-15", "last": "2013-08-19", "forms": {"8-K": 2}, "cmbs": true, "kind": "cmbs", "sic": "6189", "acc": "0001539497-13-000794", "doc": "exhibit_99-2.htm", "adjacent": false, "vintage": 2013}, {"name": "JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP", "cik": "0001013611", "n": 1, "first": "2005-03-14", "last": "2005-03-14", "forms": {"8-K": 1}, "cmbs": true, "kind": "cmbs", "sic": "6189", "acc": "0000950136-05-001334", "doc": "file002.htm", "adjacent": false, "vintage": null}, {"name": "Morgan Stanley Capital I Trust 2015-UBS8", "cik": "0001657889", "n": 1, "first": "2020-12-31", "last": "2020-12-31", "forms": {"10-D": 1}, "cmbs": true, "kind": "cmbs", "sic": "6189", "acc": "0001056404-20-014657", "doc": "msc15ub8_ex991-202012.htm", "adjacent": false, "vintage": 2015}], "public": [{"name": "MILLS CORP", "cik": "0000914713", "n": 4, "first": "2005-03-11", "last": "2005-05-06", "forms": {"10-Q": 3, "8-K": 1}, "cmbs": false, "kind": "owner", "sic": "6798", "acc": "0001104659-05-021248", "doc": "a05-8031_1ex2d2.htm", "adjacent": true}, {"name": "SIMON PROPERTY GROUP INC /DE/  (SPG, SPG-PJ)", "cik": "0001063761", "n": 84, "first": "2002-05-17", "last": "2018-10-25", "forms": {"8-K": 69, "10-K": 14, "8-K/A": 1}, "cmbs": false, "kind": "owner", "sic": "6798", "acc": "0001047469-18-006854", "doc": "a2236910zex-99_1.htm", "adjacent": false, "sibling": true}, {"name": "MILLS LIMITED PARTNERSHIP", "cik": "0001142028", "n": 2, "first": "2005-02-01", "last": "2005-03-11", "forms": {"8-K": 2}, "cmbs": false, "kind": "owner", "sic": "6798", "acc": "0001104659-05-010644", "doc": "a05-4951_18k.htm", "adjacent": false}], "other": [{"name": "BON TON STORES INC", "cik": "0000878079", "n": 2, "first": "2010-04-16", "last": "2010-04-16", "forms": {"10-K": 2}, "cmbs": false, "kind": "other", "sic": "5311", "acc": "0000950123-10-035503", "doc": "w77291exv10w19we.htm", "adjacent": false}, {"name": "CHILDRENS PLACE RETAIL STORES INC  (PLCE)", "cik": "0001041859", "n": 1, "first": "2007-12-05", "last": "2007-12-05", "forms": {"10-K": 1}, "cmbs": false, "kind": "other", "sic": "5651", "acc": "0001104659-07-087151", "doc": "a07-20912_4ex10d34.htm", "adjacent": false}], "forms": {"8-K": 78, "10-K": 17, "10-Q": 3, "8-K/A": 1, "10-D": 1}, "url": "https://efts.sec.gov/LATEST/search/#/q=%22Southridge%20Mall%22%20%22Greendale%22&forms=10-K,10-D,8-K,10-Q,ABS-EE&dateRange=custom&startdt=2001-01-01", "retrieved": "2026-10-20", "v": 4, "adj": ["0000896985", "0000914713", "0001022344", "0001041379", "0001063761", "0001168213", "0001628063"], "adj_total": 54, "first_in_sample": "2005-03-14", "securitised": null, "vintage": 2013, "vintage_strong": false, "source": "SEC EDGAR full-text search"}, "elevation": {"elevation_ft": 771.6, "resolution": 1, "source": "USGS EPQS (3DEP)", "retrieved": "2026-10-20"}, "food_access": {"tract10": "55079140201", "urban": 1, "lila_1_10": 0, "low_access_1mi": 0, "poverty_rate": 5.444126074498571, "median_family_income": 77973.0, "snap_households": 150.0, "pop2010": 5235.0, "source": "USDA ERS Food Access Research Atlas 2019 (ArcGIS copy)", "retrieved": "2026-10-20"}, "housing_market": {"zhvi": {"latest": 286344, "month": "2026-09", "change_1y": 0.037, "change_5y": 0.33}, "zori": {"latest": 1507, "month": "2026-09", "change_1y": 0.05, "change_5y": 0.288}, "county_fips": "55079", "source": "Zillow Research (ZHVI, ZORI)"}, "jobs_lodes": {"tract20": "55079140201", "jobs": 2921, "retail_jobs": 891, "food_accommodation_jobs": 538, "year": 2022, "source": "Census LEHD LODES8 WAC 2022 (all jobs, primary and secondary), blocks summed to the 2020 tract", "retrieved": "2026-10-20"}, "listings": {"zip": "53129", "month": "202609", "median_listing_price": 434725, "median_listing_price_yy": 0.0871, "active_listing_count": 16, "median_days_on_market": 24, "price_reduced_share": 0.1748, "pending_ratio": 0.0645, "source": "Realtor.com Research, inventory core metrics by ZIP (ZCTA at the site point)", "retrieved": "2026-10-20"}, "opportunity": {"tract10": "55079140201", "kfr_p25": 0.4776, "jail_p25": 0.0236, "kids_count": 222.2141, "commuting_zone": "Milwaukee", "vintage": "children born 1978-83, outcomes measured 2014-15", "source": "Opportunity Insights, Opportunity Atlas (Chetty, Friedman, Hendren, Jones, Porter 2018)", "retrieved": "2026-10-20"}, "peers": {"peers": [{"id": "m-32642a621b", "name": "Spring Mall", "city": "Greenfield", "state": "WI", "score": 5.5, "why": ["also in WI", "2 km away"]}, {"id": "m-24bf1712ec", "name": "Aloha Tower Marketplace", "city": "Honolulu", "state": "HI", "score": 4.5, "why": ["similar size (13 acres)"]}, {"id": "m-c0ba87a890", "name": "Colonial Plaza", "city": "Orlando", "state": "FL", "score": 4.5, "why": ["similar size (20 acres)"]}, {"id": "m-da1178d2a5", "name": "Mid-City Mall", "city": "Louisville", "state": "KY", "score": 4.5, "why": ["similar size (11.5 acres)"]}, {"id": "m-f561ef422b", "name": "Plaza del Atlántico", "city": "Arecibo", "state": null, "score": 4.5, "why": ["similar size (16.8 acres)"]}, {"id": "m-d2a170dd7d", "name": "Mall West End", "city": "Atlanta", "state": "GA", "score": 4.5, "why": ["similar size (12 acres)"]}], "method": "size, era, strategy, status, type, state, distance"}, "permits": {"county": "Milwaukee County", "2024": {"units_1": 189, "units_2_4": 28, "units_5plus": 788, "value_total": 219666756}, "2023": {"units_1": 173, "units_2_4": 72, "units_5plus": 976, "value_total": 256292824}, "retrieved": "2026-10-18"}, "qcew_retail": {"county": "55079", "year": 2025, "establishments": 2465, "employment": 37282, "avg_annual_pay": 38321, "lq_employment": 0.81, "employment_change_1y": -0.9, "source": "BLS QCEW 2025 annual, county, NAICS 44-45 retail trade, private", "retrieved": "2026-10-20"}, "retail_trend": {"2012": {"estab": 2732, "emp": 41056}, "2023": {"estab": 2482, "emp": 40096}, "estab_change": -0.092, "emp_change": -0.023, "county_fips": "55079"}, "schools": {"district": "Greendale School District", "district_geoid": "5505910", "grades": "PK-12", "district_vintage": "SY2024-25", "public_schools_1mi": 2, "schools": ["Canterbury 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