Mayfair Boston Store Redevelopment | Milwaukee Magazine

The Wauwatosa Community Development Authority submitted a successful $3.95 million bid at a recent auction for the former Boston Store property at Mayfair Mall.

City of Wauwatosa staff members are actively working on innovative uses of space and developing a development agreement that will soon be presented to the city council.

The property, including the existing building and surrounding parking lots, covers approximately 15 acres. The property is zoned ‘C2 commercial’ meaning it could be developed as a mixed use commercial, residential, retail or office.

“Keeping Mayfair Mall as Wisconsin’s premier mall is critical to our local economy,” Wauwatosa Mayor Dennis McBride said in a statement. “We are excited about the redevelopment of this property and finding the right mix of uses that attract visitors, create jobs and increase our tax base.”

The investment and site redevelopment will ensure the Mayfair Mall continues to be a regional destination, with the highest retail sales of any mall in Wisconsin, the Wauwatosa Community Development Authority said in a statement.

The city authorized the Community Development Authority to use the cash reserves to purchase the property. However, the plans provide for an additional tax district to reimburse the authority for the purchase. The move requires the approval of the Joint Review Panel.

The site has been vacant since 2019 and two previous auctions have failed to attract a buyer. The building measures 216,664 square feet and is located at the southern end of the Mayfair Mall.

The announcement for the former Boston Store site in Mayfair comes less than two weeks after Kohl’s revealed it was set to move into the former Downtown Boston Store space. The Menomonee Falls-based retailer will renovate space at the corner of West Wisconsin Avenue and North Vel R. Phillips Avenue that has been empty since the Boston Store vacated the property four years ago after operating there for nearly 125 years. The store is expected to open in the fall of 2023.

In December, the Greendale Village Board approved a plan to transform the former Boston Store property at Southridge Mall in Greendale into an upscale mixed-use complex that will include up to 790 apartments, underground parking and 50,000 sq. squares of commercial and commercial space. .






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