27°

Lake Country Weather

  • Log-in Edit profile
  • Register Logout

Advertisement

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.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Special Sections

See all special sections

 

2014-15 "Destination Oconomowoc" special section:

 

Weekend Happenings

Featured this week:  

David HB Drake: Wiscon-Sing: 7 p.m. March 20, Peace Lutheran Church & Academy, W240-N6145 Maple Ave., Sussex. Using folk music and instruments, musician and songwriter David HB Drake presents Wiscon-Sing, taking the audience on a multimedia musical tour through Wisconsin’s history. Entertaining education for all ages. Free. www.peacelutheranacademy.org

 The Milwaukee Guitar Quartet: 4 p.m. March 22, Hawks Inn Visitor Center, 426 Wells St., Delafield. Classical guitar quartet performs various styles, from Baroque to Sousa. Concert is 4-6 p.m. Call (262) 337-1560 for information., $10. www.summerstageofdelafield.org

Fish Fry: 4:30 p.m. March 20, St. Paul School, S38 W31602 County Road D, Genesee Depot. All-you-can-eat fish fry, from 4:30 to 7:30 p.m., includes baked potato or curly fries, coleslaw, dessert, applesauce, grilled cheese, coffee or milk. Soda and beer available for purchase. $10.50 adult, $5 children, free for ages 4 and younger.

 Chili Lunch and Pie Auction: 10 a.m. March 22, Zion Lutheran Church, N557 Main St., Ashippun. The annual event will be held from 10 a.m. to 1 p.m. For more information call the church office at (920) 474-7234 or www.zionashippun.org

Updates to this calendar are made weekly Monday afternoon. 

 

All weekend happenings.