The property presents an excellent opportunity for redevelopment within the Park Street gateway to Down-town Madison. Major redevelopment has already occurred in the area, including healthcare (SSM & UW out-patient clinics), market rate and affordable apartments (The Sofia, Peleton Residences, Park Cedar Apartments), Class A office (The Hub), retail (future grocery store, new Starbucks) and community organizations (Centro His-pano, Center for Black Excellence).