Village of Greendale: Statement of Greendale Village President John Hermes

For More Information, Contact:

Elizabeth Kelly

Mueller Communications, Inc.

(414) 390-5500

ekelly@muellercommunications.com

Greendale, Wis. (July 10, 2011) – John Hermes, President of the Village of Greendale, issued the following statement today regarding BonTon’s announcement that it will be remodeling and renovating its Southridge Boston Store location in Greendale:

BonTon’s announcement that it will be renovating and updating its Southridge Boston Store location is the latest exciting announcement coming out of Greendale’s 76th Street Corridor. We are pleased to see anchor stores like Boston Store joining us in our commitment to revitalizing the S. 76th Street commercial area.

We believe the renovation of Southridge’s Boston Store is one more step toward returning Southridge to the dominance it once enjoyed.

About Recent Developments in Greendale’s 76th Street Corridor

In recent years, it has been a top priority for the Greendale Village Board to explore various options for energizing a revitalization of the 76th Street commercial area. The Village has been committed to rejuvenating the area including repaving and various aesthetic improvements like decorative street lights, decorative pavement, raised planters, trees, flowers and bushes, that have served to attract visitors, residents and new businesses, as we’ve seen most recently through numerous new developments in the Village.

In November 2010, the Village of Greendale announced a partnership with the owner of Southridge Mall, Simon Property Group (SPG) to undertake a multi-million dollar redevelopment of Southridge Mall including a renovation and upgrade of the mall’s interior. The mall renovations will include new interior and exterior features and amenities like flooring, lighting, redesigned mall entrances, signage and a fully renovated and updated Food Court. Renovation plans also include the addition of Macy’s as a new anchor. Macy’s will join Southridge Mall as the second in the market.

In March 2011, the General Capital Group closed on the purchase of three acres of land and secured financing for a 90-unit independent living senior housing complex along the S. 76th St. Corridor, adjacent to Southridge Mall. The development, known as Berkshire-Greendale, is currently under construction. The project will transform the area south of the mall and adjust one of the south entrances to create a four-way intersection at Northway. It will include redevelopment of the former Blood Center property and construction of 90 units of senior housing. General Capital Group is developing the project, expected to be completed in early 2012.

In June 2011, after a two-month formal review process, the Village of Greendale Plan Commission approved a proposal for a Wal-Mart to be developed at 5301 South 76th Street on the former site of the United States Bowling Congress Building. The development will include a Wal-Mart market and pharmacy and two out lots for development by future tenants. The Wal-Mart market will mark the return of a grocery store to the Village of Greendale.