feet respectively. In 2004, the Village acquired one property on 11th Avenue, which was sold for the construction of a 44 unit condominium, The Heritage of Grafton, completed in 2005. The Village acquired three parcels on 11th Avenue and two additional properties, one on Bridge Street and one on 13th Avenue, which were sold in 2004 for the construction of a 9 unit condominium, The Bridgewater. Street reconstruction projects completed in 2006 in TID No. 3 included extension of Beech Street from 12th Avenue to Wisconsin Avenue, reconstruction of 13th Avenue and streetscape of Wisconsin Avenue. The Paramount Plaza - a public plaza, and a river walk along the Milwaukee River were completed in 2006. A retail/office building was constructed in 2007 with a brew pub and restaurant that opened in 2008. In 2008, recognizing the need for additional parking due to the success of the downtown businesses, the Village purchased land and constructed additional parking lots. An additional two lots were added in 2009. One was constructed and the other lot was an existing private lot purchased by the Village. In 2012 the Grafton Hotel property located at 1312 Wisconsin Avenue was completed consisting of 20 residential apartments. This development included the renovation of a historical property and is the centerpiece of the redevelopment in the district. The Lumberyard site received approval of a commercial and residential development and the project started the first phase of construction in 2016 with completion of phase I anticipated in 2017. Phase 2 is expected to begin in 2017. As of January 1, 2016, the tax incremental district equalized value increase between the tax incremental base value of 1999 and the current equalized value of all taxable property within TID No. 3 is $28.0 million. In 2009, the Village approved an amendment to the original plan enabling the district to receive donated funds from TID No. 2 – Grafton Business Park. TID No. 4 – South Commercial District was created on September 21, 2004, to provide for the infrastructure improvements, traffic circulation, public parking, streetscape improvements, pedestrian amenities, and way-finding improvements necessary to stimulate private reinvestment and redevelopment within the South Commercial District. In April, 2005, the Village approved an amendment to the previous plan that included additional properties identified as integral in solidifying the development of the Village. In 2008 an older mall was demolished and construction began on a mixed commercial and residential development. The commercial component was completed in 2009. In 2015 approvals were granted and construction began at Village Pointe Commons which is a senior living development of 227 units and an assisted living building. Construction began in 2016 with anticipated completion in 2017. As of January 1, 2016, the tax incremental district equalized value increase between the tax incremental base value of 2004 and the current equalized value of all taxable property within TID No. 4 is $16.0 million. In 2010, the Village approved an amendment to the original plan enabling the district to receive donated funds from TID No. 2 – Grafton Business Park and TID No. 5 – Grafton Commons. TID No. 5 – Grafton Commons was created on April 20, 2006, to provide infrastructure improvements, traffic circulation, and streetscape improvements necessary to stimulate private investment and commercial development of the area. The location of Grafton Commons is the northwest quadrant of Interstate 43 and WIS 60. The retail stores located in the district include Costco, Best Buy, Kohl’s Department Store, Petsmart Pet Store, Dick’s Sporting Goods, Michael’s Arts and Crafts, Aldi Food Store and Steinhafel’s Mattress. A 4,459 square foot McDonald’s was completed in 2016. As of January 1, 2016, the tax incremental district 4