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Pabst Farms agrees to delay on Walmart plans

Land and Space

Journal Sentinel business reporter Tom Daykin talks about commercial real estate and development.

Jan. 28, 2014
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By Tom Daykin of the Journal Sentinel

Jan. 28, 2014 0

The developers of Oconomowoc's Pabst Farms project have agreed to delay plans to sell land for a new Walmart and Sam's Club stores, and will instead seek other retailers for those parcels.

Pabst Farms has agreed to not enter an agreement with Walmart for one year, according to a statement released Tuesday by Oconomowoc Mayor Jim Daley. 

If, after that period expires, and a Walmart proposal resurfaces within three years, Pabst Farms "will agree to allow the city's Common Council to make a determination on whether or not we want those particular retailers in our community at that location," the statement said.

Also, Pabst Farms is agreeing not to pursue "legal retribution" if the council's decision opposes a Walmart proposal, the statement said.

In return for that concession, the council would approve changes to the Pabst Farms development agreement that would allow additional land within the project's Town Centre retail area.

Other changes include allowing larger anchor stores at Town Centre; the removal of a monument wall between the development and I-94, to be replaced by landscaping; and replacing underground storm water storage with surface ponds, the statement said.

The proposal is a reaction to strong community opposition to development of a Walmart and Sam's Club at Pabst Farms.

"Pabst Farms has shown a recognition that a portion of Oconomowoc has been vocal in their concern over the direction the development has taken," Daley said in the statement.

The changes sought by Pabst Farms would make it easier to sell the Town Centre parcels to other retailers, Daley said. The proposed agreement would help those efforts, while preventing a possible lawsuit against the city, he said.

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About Tom Daykin

Tom Daykin covers commercial real estate and development.

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Helpful Links and Resources

Check the Milwaukee Assessor’s Office website, which includes tools to look up property assessments.

Find property assessments for other communities throughout the state at AssessorData.org.

The Milwaukee Department of City Development website includes information on the city Plan Commission and Redevelopment Authority.

The Commercial Association of Realtors Wisconsin offers information on commercial realtors and real estate.

The Milwaukee chapter of the Institute of Real Estate Management serves the needs of real estate management professionals

The Wisconsin chapter of the NAIOP Commercial Real Estate Development Association aims to serve developers and owners of commercial real estate.

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The judges said, "Daykin’s aggressive reporting and accessible, explanatory writing make him a must-read for his tight-knit and highly engaged audience."


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