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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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The Art of the Bicycle: 11 a.m. Nov. 21, 26, Delafield Arts Center, 719 Genesee St., Delafield. Diane Lehman, Peter Kudlata and Wheel & Sprocket. Gallery hours are 11 a.m.-4 p.m. Wednesday through Friday and 11 a.m.-3 p.m. first and third Saturdays and by appointment, Free www.delafieldartscenter.org.

Organ Concert: 1:30 p.m. Nov. 21, St. Jerome Catholic Church, 995 S. Silver Lake St., Oconomowoc. Oconomowoc Music Club is hosting a concert by renowned organist Dr. Simone Gheller. Refreshments will be served after the concert. Free.

Yuletide Faire: 5-9 p.m. Nov. 21; 9 a.m.-3 p.m. Nov. 22, Prairie Hill Waldorf School, N14-W29143 Silvernail Road, Pewaukee. $4 in advance or $5 at the door for adults and $1 in advance or $2 at the door for children under 15. Features strolling minstrels and costumed characters, puppet shows, storytelling, candle dipping, face painting, children’s craft workshops, children’s holiday shopping, live music, silent auction, children’s book sale, natural toys, 35 vendors, warm food, homemade desserts, candies, nuts and other treats. 

Fashionable Tidings Gala Luncheon: 11 a.m.-2 p.m. Nov. 22, Country Springs Hotel, 2810 Golf Road, Pewaukee. Holiday fashions of local clothiers Paul Bruce Goodman and Liebling Leather. Music by Brusubardis String Ensemble. Lunch includes shrimp scamp and angel hair pasta with vegetables provencale. Wine tasting  and auction. Benefits Waukesha Choral Union. $35. Call (414) 297-9310 for tickets. www.choralunion.org.

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