Madison Square Redevelopment Concept
Madison Square Redevelopment Concept
Madison, TN
Randall Gross / Development Economics (RGDE) completed work on a Strategic Plan for the community of Madison, a neighborhood of 40,000 residents within Davidson County (Nashville). As part of his work, Mr. Gross led a stakeholder engagement process that included community meetings, focus groups, interviews and surveys. He completed market analysis to determine the potential for retail, housing, office, and industrial development in Madison. He assessed existing socio-economic conditions and made strategic recommendations relating to real estate development, marketing, organizational development, socio-economic development and other aspects of the community as a whole. As a Strategic Plan, the effort was meant to address the key issues identified through analysis as well as through community engagement. This work was completed for a grassroots organization called “All Together Madison” and was funded through a grant from the Memorial Foundation and private investors. A focus of the plan was on redevelopment concepts for Madison Square, one of the first suburban centers in the Nashville area, and at one time a major commercial activity hub anchored by several department stores. Today, the center has declined and functions primarily as a discount center with substantial vacancy. Mr. Gross developed concepts for mixed-use redevelopment of the center, including transit-oriented development (TOD). During and since completion of the plan, private investment has increased substantially as interest (including investment interest in Madison Square) has been leveraged by the strategic planning effort and the positive recommendations it generated.