Brookfield Square to get new stores and restaurants
Council OKs allocation of $7 million from city’s tax incremental district for mall project

By Alison Fox - Freeman Staff

June 21, 2014

BROOKFIELD — The city of Brookfield’s Common Council voted in favor to approve the allocation of $7 million from the city’s tax incremental district No. 3 to be used for Brookfield Square expansions.

The city of Brookfield and CBL and Associates, the mall’s managing owner, have worked towards a mutual agreement in the redevelopment of the Brookfield Square/Executive Drive area in order to sustain its success.

There will be two phases to the expansion, with the first stage costing about $450,000 and the second about $6.5 million.

The first stage will entail an expansion onto the existing Sears building, according to city of Brookfield Director of Community Development Daniel Ertl. The second stage includes an expansion of about 50,000 square feet onto Boston Store — both expansions will include a variety of stores and restaurants.

While Aldermen Christopher Blackburn, Jerry Mellone, and Bill Carnell voted against the approval of the development agreement, District 3 Alderman Jeff McCarthy was one of the eleven aldermen who voted in favor. McCarthy said it’s important for the city to support Brookfield Square because it’s the largest single taxpayer in Brookfield.

“All of our residents benefit from the taxes paid by the mall, and in a time when neighboring communities are seeing rapid retail growth and expansion, it’s critical that we, within reason, do all we can to ensure the future of our premier shopping destination,” McCarthy said. “I look forward to seeing the new retailers and dining establishments the mall is able to attract as a result of their expansion plans.”

Along with the mall expansion, the Brookfield Common Council Board also voted in favor of approving the Jack Safro Toyota dealership’s plan to overhaul its current location at 204455 W. Capitol Drive. Plans include knocking down three buildings on site and building one main building, according to Ertl.