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Pabst Farms mall developer quits

Pabst Farms Retail Inc. will take over project

June 27, 2012

City of Oconomowoc - Rather quietly, news has leaked out that Diversified Development Realty (DDR) is no longer the developer of the Pabst Farms Town Centre. Pabst spokesman Thad Nation called the development a "slow-moving story that started about three weeks ago."

"In the last few months, Developers Diversified Realty Corp. transferred ownership of Pabst Farms Towne Center to Stonebridge Capital, and all responsibilities to lease and further develop the Pabst Farms Town Centre are now the sole responsibility of Pabst Farms Retail Inc. (PFR)," Nation said.

PFR was in attendance at the May International Council of Shopping Centers conference "and saw significant retailer interest in the project that they are now following up on.

"We feel very good about where we are," Nation said.

He said the change was a mutual decision. "It was the result of discussions over several months. It was determined to be in the best interest of both parties," he said.

Nation said PFR has the experience needed to eventually develop the mall.

"The Pabst Farms Retail group is an experienced group with individuals who have worked all over the country on major retail development," he said.

He said the change would not affect the developer's agreement with the city.

"We have kept the city informed of the development changes along the way," Nation said.

Mayor Jim Daley said the separation between DDR and Pabst was more strategic than anything. "I think DDR had different priorities and I don't think it hurts the project but strengthens the focus," Daley said.

DDR was unavailable for comment by press time.

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A Holiday Bazaar and Craft Fair will be held from 9 a.m. to 4 p.m. Saturday, Nov. 1, and 8 a.m. to noon Sunday, Nov. 2, at St. Jerome Parish School, 1001 S. Silver Lake St. The bazaar will feature handcrafted items, a raffle and Sweet Shop treats. A luncheon, which includes a beverage and dessert, will be $7 and served from 11 a.m. to 1 p.m. Saturday, Nov. 1. Admission is free.
The Four Guyz in Dinner Jackets Doo-Wop Quartet will entertain from 7 to 9 p.m. Saturday, Nov. 1, at St. Olaf’s Church, Highway O and Roosevelt Road in the town of Ashippun. Cost is $20 adults in advance, $25 at the door if seats are available. Call (414) 651-3915 for tickets.
A Supreme Breakfast will be held from 8 a.m. to 12:30 p.m. Sunday, Nov. 2, at St. Bruno Church, 266 W. Ottawa Ave., Dousman. Breakfast includes pancakes, French toast, sausage, eggs, hash browns, orange juice and coffee.Proceeds to benefit charities in the Dousman area. Hosted by the Dousman Knights of Columbus Council 6436 with the Dousman Masonic Lodge 315. Cost is $7 adults, $3 children under 10.
The Oconomowoc Winter Farmers Market will open for the season and celebrate five years starting at 9:15 a.m. Sunday, Nov. 2, at Oconomowoc Landscape Supply and Garden Center in Oconomowoc. From 9:15 to 9:30 a.m. will be a ribbon cutting; 10:15 to 10:30 a.m. will be birthday cake cutting and presentation by Alice in Dairyland. The market will be open 9:30 a.m. to 1 p.m. Sundays through March 2015, except Nov. 30 and Dec. 28. For more information, visit www.oconomowoc.org.

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