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Sunrise Crossing Grand Opening

November 9, 2023 by Marcus & Millichap Research Services

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SUNRISE CROSSING – MADISON INDIANA

Sunrise Crossing Development Project is a revitalization project for the former shopping center site at Michigan Road and Clifty Drive known as Madison Plaza.   The project results in 155,000 square feet of new retail and restaurant space and approximately 183 housing units developed by Winterwood Incorporated. The project will be completed in three phases. Other key features of the project include improved bike and pedestrian access, park amenities for the community at large, improvements to Michigan Road at Clifty Drive, leading to the Miles Ridge Neighborhood Gateway, improvements at Clifty Drive and Michigan Road, a traffic light at Crestwood Drive, with the expansion of Crestwood to the East, and a stormwater retention basin, to ensure there are no adverse impacts on Crooked Creek watershed. 

The Shoppes at Sunrise Crossing is the first phase of the Sunrise Crossing development project. The groundbreaking was in July of 2022, and the grand opening occurred on October 30th, 2023. The Shoppes at Sunrise Crossing is a new $55 million mixed-use development bringing in 150 new jobs to Madison.  The national retailers include Hobby Lobby, Five Below, TJ Maxx, and Kohl’s.  Residents and visitors are excited to have the shopping center for the 2023 holiday season. 

The Residence at Sunrise Crossing is another project under the Sunrise Crossing Development Project.  Totaling at 183 units, this new workforce housing development (AMI based rent) will include a playground, bike and pedestrian access, public art, and site lighting.  At this time, monthly rent will be: $770 for 1 bedroom, $910 for 2 bedroom, and $1,110 for 3 bedroom apartments.  This project also includes a stormwater detention basin that will help to mitigate flooding in the Crooked Creek watershed affecting downtown Madison.  Construction will begin in late 2023 with estimated completion in fall of 2024. 

HOBBY LOBBY

Hobby Lobby is an American retail company that owns a chain of arts and crafts stores with a volume of over $5 billion in 2018.  The chain has 1,001 stores in 48 U.S. states.  The store offers more than 70,000 arts, crafts, custom framing, floral, home décor, jewelry making, scrapbooking, fabrics, party supplies, and seasonal products.  

KOHL’S

Kohl’s is a department store retail chain in the United States, with 1,165 locations, operating stores in every U.S. state except Hawaii.  The store offers a wide range of products including clothing, shoes, home furniture, beauty products, electronics, and more.  

FIVE BELOW

Five Below is an American chain of specialty discount stores that sells products that are less than $5, plus a small assortment of products from $1 to $25.  The chain has 1,165 locations in every U.S. state except Hawaii.  

TJ MAXX

TJ Maxx is an American department store chain that sells clothing, home decor, beauty products, electronics, and more at prices generally lower than other major similar stores 12. The chain has over 1,000 stores in the United States, making it one of the largest clothing retailers in the country.  

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Filed Under: Special Report

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap and Limon Net Lease Group

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