The center is linked to the city’s vision for Village on Park, which has approximately 120,000 rentable square feet on 7.8 acres with tenants including retail, office and government services.
The city and CDA are looking to develop housing at the north end of the site, along Ridgewood Way, which adjoins a neighborhood, while also providing for parking.
“This is the next phase of the Village on Park,” said Mayor Satya Rhodes-Conway. “This is going to be an exciting next phase for all of Madison.”
The partners shared details at a press conference Wednesday outside the Urban League offices at Village on Park.
“I am delighted that the city is collaborating with the Urban League and Community Development Authority in the creation of the Black Business Hub,” said Rhodes-Conway. “This project will bring energy and opportunity to South Madison as it provides employment opportunities, supports entrepreneurs and new businesses, and more.”
The project could start as early as 2022, Anthony said.
About half of the hub’s space will house retail and other businesses, much like the Sherman Phoenix in Milwaukee, which turned a fire-damaged bank building at the east entrance of the Sherman Park neighborhood into a high-quality space for small minority-owned businesses offering a variety of foods, wellness services and cultural activities, Anthony said.