Article from Milwaukee Business Journal
By Sari Lesk
June 30, 2020
Target Corp. will take over the former Boston Store property at the Bayshore shopping center in Glendale.
Mall manager Cypress Equities, of Dallas, announced the new tenant in a Tuesday morning news release. Target (NYSE: TGT), a Minneapolis-based retailer, will open a 128,512-square-foot store spanning two stories on the development’s east side. The store will be on Fountainview Drive, adjacent to the Lydell Avenue parking garage.
The Boston Store closed in August 2018 as its parent company, The Bon-Ton Stores Inc., closed during bankruptcy proceedings.
Construction has started on Target’s store, the announcement says. An opening date has not been determined.
Kirk Williams, a managing director for Cypress Equities, said his firm is excited to welcome Target as a new anchor for the revitalized shopping center.
“From Day 1, we have done our best to listen to the community and respond to the shopping, dining and entertainment experiences that they desire, and Target remained at the top of their list and ours,” Williams said in the announcement.
Mid-America Real Estate-Wisconsin LLC represented Bayshore and Target in the lease, the release says.
Target is the third new tenant announced for the reimagined Bayshore. Last year, Cypress Equities announced active lifestyle retailer Erik’s would join Bayshore by relocating its store from Whitefish Bay. Earlier this month, the developer confirmed Total Wine & More would also be a tenant.
Generally, the redevelopment project will shrink the square footage of Bayshore overall and reallocate some space now devoted to retail to other uses that are expected to be more productive.
Bayshore has seen several retailers exit the shopping center in recent years, although mall management has said those exits were not necessarily a reflection on the complex itself. Tenant departures have included anchors like Boston Store, Sports Authority and the iPic movie theater.
Cypress recently announced it completed demolition of the former food court and adjacent retail space. Work on the updated town square, now called The Yard, is nearly finished. The town square is scheduled to open to the public July 10 as Bayshore’s “Sounds of Summer” concert series begins, a separate announcement says.
The redevelopment project is supported by public financing from the city of Glendale.