Greenwood city leaders broke ground Tuesday on an $83 million redevelopment project.
The event marked the official start of construction for a multi-use development, called The Madison, on the former site of Greenwood Middle School.
The northern Johnson County city will invest $15 million in infrastructure improvements and a 300 space parking garage. Another $68 million in private investment will create a residential development with a mixture of condominiums, townhomes and apartments, and 18,000 square feet of commercial space across seven new buildings on the site.
The revitalization plan is anchored by the repurposed middle school gymnasium, now known as the Greenwood Fieldhouse. The facility will feature an elevated indoor running and walking track, two multi-purpose turf fields, basketball and volleyball courts, and several indoor pickleball courts. The fieldhouse is scheduled to open in 2022.
The project at the intersection of Madison Avenue and Smith Valley Road is the latest of several redevelopment efforts for the city, including alley improvements, the completion of the Madison Avenue and Smith Valley Road roundabout, streetscape updates on North Madison Avenue and Main Street, Amphitheater Park upgrades and trail additions.
The Madison is expected to take more than two years to complete.