A former shopping center`s planned redevelopment into 257 apartments is taking a step forward

A former Greenfield shopping center`s planned redevelopment into roughly 250 apartments is taking a step forward with the project site`s sale.

The largely vacant Spring Mall, 4200 S. 76th St., was sold for $4 million by the City of Greenfield to a Mandel Group Inc. affiliate: Cold Spring Crossing Apartments LLC.

That`s according to a new deed posted online by the Wisconsin Department of Revenue. The city purchased the 23.9-acre property in June 2023 for $3.7 million to help redevelop the site.

Mandel Group plans to begin construction during the third quarter, said President and Chief Operating Officer Phillip Aiello. That work should take around 20 months to complete, he said...