In a joint venture with VJS Development and Bedford Development, Somerstone acquired Fox Run Shopping Center at the northwest corner of W. Sunset Drive and W. St. Paul Avenue in Waukesha in late 2019. The center was home to a large vacant in-line retail strip building, an aging Sentry grocery store, a Chase bank branch and a vacant Denny’s. Working closely with the City of Waukesha, the property is in the process of being redeveloped into a $32M+ mixed-use commercial project that will include a new 72-unit, luxury apartment complex, a ±30,000 square foot, two-story, micro-hospital, and a new Landmark Credit Union branch. One building pad remains for retail/commercial development. Over $4M in infrastructure, utility, landscaping and access improvements has been invested in the high visibility site to capitalize on its location along the well-established and growing Sunset Drive commercial corridor. Project completion is anticipated in 2Q2022.