WAUWATOSA, Wis. — A redevelopment plan that Wauwatosa could support with $57.9 million in proposed spending would include building 906 apartments around the former Boston Store building at Mayfair Mall, according to our partners at the Milwaukee Business Journal.
Wauwatosa officials are working with a developer for the plan, but the company is yet to be identified. According to BizJournal, a proposed tax incremental financing district includes $33.2 million in incentives for that developer to build a first phase with over 450 apartments, a structure with over 600 parking stalls, and over 6,600 square feet of new retail space. The proposal is under review this week.
After the first phase is complete in 2025, 208 more apartments could come in 2026 and 235 more with additional parking and retail space in 2027.
The City of Wauwatosa acquired the now vacant 15-acre Boston Store property last summer. BizJournalreports that similar plans for new housing to support the stores have been floated for the former Boston Store sites at both Southridge Mall in Greendale and Brookfield Square Mall.
Correction: An earlier version of this story incorrectly described the plans for the existing Boston Store building. The former Boston store location will remain intact and eventually be taken over by a new retailer. The apartment would be built near the former Boston Store location.
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