$440M development in store for former Wisconsin country club

CALEDONIA, Wis. — Caledonia officials have approved a developer agreement for a $440 million, 10-building project in place of a former country club.

Ashley Capital, a commercial real estate firm with offices in Chicago, Florida and New York, wants to build a multi-phase, master-planned business park with 10 Class A industrial buildings of up to 3.8 million square feet, according to a Caledonia village agenda.

The development agreement passed with a 5-1 vote on Aug. 14, village officials said. Ashley Capital’s project, called the “South Hills Commerce Centre,” will be developed in a new tax increment district...