Malls · Wisconsin
Southridge Mall (Greendale)
Southridge Mall, a 14.8‑acre operating mall in Greendale, WI, faces foreclosure and is being redeveloped for 740 apartments and retail. · summary, model-written
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from.
Site profile5 elements · what this retrofit is built with · tap a chip for the evidence
Foreclosure or REO
This site: research-deals · all sites with thisSold since 2020
This site: 2026 Southridge Mall Member LLC (Spinoso / Wynkoop Financial JV) research-deals · all sites with this30,000+ vehicles a day on an adjacent road
This site: 32,450 on a counted road fhwa-hpms · all sites with thisShrinking county
This site: -2.8% census-acs · all sites with thisUnder 20 acres
This site: 14.8 acres research-deals · all sites with thisNow
| Status | Operatingpublic reporting |
|---|
Deals and debt
| Date | Event | Price | Parties | Source |
|---|---|---|---|---|
| 2026-10-06 | Sold · foreclosed | $7.0M closed | Southridge Mall Member LLC (Spinoso / Wynkoop Financial JV) ← Simon Property Group affiliate · lender JPMorgan Chase affiliate (orig. Barclays) · loan $101.9M | dailyreporter.com 2026-10-12 |
| 2026-05 | Sold | $3.3M closed | BLVD Southridge LLC (Barrett Lo Visionary Development) | dailyreporter.com 2026-10-12 |
Securitised debt and public filers
Filings (2001 to date) that name “Southridge Mall” and “Greendale” (219 hits, first 100 sampled, 2 other filers such as tenants left out). Common name: these matches are unreliable. Only weak matches to commercial-mortgage trusts: the mall may have backed a securitised loan, or may just be mentioned in the filing; several trusts usually means one loan split into pari-passu notes. Earliest trust filing in the sample 2005-03-14 (a sample date, not the issuance date); candidate loan vintage 2013 from the trust name (weak match). Whether the loan is still in the pool, in special servicing or repaid is in the trust's monthly distribution reports, which are not searchable here. Text matches, not a title search. Open the search · all trusts.
| Kind | Filer | Filings | Dates | Forms |
|---|---|---|---|---|
| CMBS trust (weak) | JPMBB Commercial Mortgage Securities Trust 2013-C12 | 4 | 2013-06-21 to 2013-06-25 | 8-K 4 |
| CMBS trust (weak) | JPMBB Commercial Mortgage Securities Trust 2013-C14 | 2 | 2013-08-15 to 2013-08-19 | 8-K 2 |
| CMBS trust (weak) | JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP | 1 | 2005-03-14 to 2005-03-14 | 8-K 1 |
| CMBS trust (weak) | Morgan Stanley Capital I Trust 2015-UBS8 | 1 | 2020-12-31 to 2020-12-31 | 10-D 1 |
| Public owner (strong) | MILLS CORP | 4 | 2005-03-11 to 2005-05-06 | 10-Q 3, 8-K 1 |
| Public owner (weak) | SIMON PROPERTY GROUP INC /DE/ (SPG, SPG-PJ) | 84 | 2002-05-17 to 2018-10-25 | 8-K 69, 10-K 14, 8-K/A 1 |
| Public owner (weak) | MILLS LIMITED PARTNERSHIP | 2 | 2005-02-01 to 2005-03-11 | 8-K 2 |
As reported by the owner
Property tables from the owner's annual report (Form 10-K, Item 2) on EDGAR, one row per filing year. GLA, occupancy and anchors are the filer's own figures at that year end; “leased” counts signed leases, “occupied” counts open stores; ownership is the filer's share. Matched by name and place, unreviewed; the verbatim table row is in sec_facts.csv.
| Year end | Filer | Name in filing | GLA sq ft | Occupancy | Years | Share | Sales psf | Anchors listed |
|---|---|---|---|---|---|---|---|---|
| 2016 | Simon Property Group 10-K, 2017-02-24 | Southridge Mall Greendale, WI match: exact | 1,177,783 | 97.3% occupied | acquired 2007 | 100.0% Fee | JCPenney, Sears, Kohl's, Boston Store, Macy's, Marcus Cinema | |
| 2009 | Simon Property Group 10-K, 2010-02-25 | Southridge Mall Greendale, WI match: exact | 1,211,830 | 90.5% occupied | acquired 2007 | 50.0% Fee | JC Penney, Sears, Kohl's, Boston Store, Cost Plus World Market, |
Site context
| Housing permits, Milwaukee County (WI), 2024 | 788 units in 5+ unit buildings, 28 in 2–4, 189 single-family; 2023: 976 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 1 within 10 km, 9 within 25 km: Spring Mall (2.2 km)computed |
| Retail trade in the county, 2012 to 2023 | 2,482 establishments (-9%); 40,096 jobs (-2%)Census CBP |
| Housing market in the county | typical home value $286,344 (+4% 1 yr, +33% 5 yr); typical rent $1,507/mo (+5% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 32,450 vehicles a day (principal arterial); 33 counted segmentsFHWA HPMS |
Summary, model-written
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.
What we do not know yet
- 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.
Generated by nvidia/nemotron-3-super-120b-a12b on NVIDIA API via Hermes CT from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
Similar sites
- Spring Mall, Greenfield, WI · Malls · also in WI; 2 km away
- Aloha Tower Marketplace, Honolulu, HI · Malls · similar size (13 acres)
- Colonial Plaza, Orlando, FL · Malls · similar size (20 acres)
- Mid-City Mall, Louisville, KY · Malls · similar size (11.5 acres)
Elsewhere on the web
Pages with photos
- Make Magical Memories at Southridge Mall this Holida… patch.com
- Southridge Mall commons.wikimedia.org
- Southridge Mall Rental Space at Charles Nunnally blog storage.googleapis.com
- Effort to reimagine Southridge Mall underway biztimes.com
- Southridge Mall- (Greendale, WI) triptothemall.blogspot.com
- SOUTHRIDGE MALL - Greendale WI - Hours, Dir… loc8nearme.com
- Celebrating Southridge Mall's first 55 years onmilwaukee.com
- Southridge Mall Glendale WI | gameking3 | Flickr flickr.com
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- already in play: under construction, approved, or sold to a developer with housing plans
- county shrank -2.8% 2018–23
- distressed loan or foreclosure
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| Acres | 14.8public reporting |
|---|---|
| County | Milwaukee County |
| Census division | 3 · East North Central |
| Notes | Record created from a 2024+ transaction, listing or loan report; no retrofit recorded. |
Not yet recorded: GLA, year opened, original developer, what is there now, retrofit year. Know it? Tell us.
Sources
- After Southridge Mall sale, demolition soon for Boston Store · 2026-10-12
1 quoted sentence
We are encouraged by the sale of Southridge Mall after years of uncertainty.