Spencer Square redevelopment

I received a tip in an email last week about a planned redevelopment of the Spencer Square shopping center on Madison Boulevard. The 20-year-old shopping center had a Food World before it closed a few years ago when the grocery chain declared bankruptcy. Burke's Outlet and Fred's are the current anchor tenants. According to Madison County land records, the shopping center and about 10 acres behind it are owned by Michael Matsos from Irondale, AL, who also is involved with the famous Golden Rule BBQ restaurant chain. There are also some records indicating that Aronov, the Montgomery-based developers currently building the Harvest Square shopping center at AL 53 and Jeff Road, might be involved with the redevelopment. So stay tuned; with Wann Springs to the west and the possible DeBartolo development happening to the east, this area is ready for a major rebirth.