Wilton Mall Being Sold for $25 Million
Photo via the Wilton Mall.
WILTON — The Wilton Mall is being sold for $25 million by its owner, The Macerich Company.
The news was announced during the Q4 2024 Macerich earnings conference call on Feb. 27.
“We are currently under contract to sell the Wilton Mall for $25 million, which is expected to close in the first half of 2025, subject to customary closing conditions,” said Macerich’s new Chief Financial Officer Daniel E. Swanstrom II.
Swanstrom added that the sale of the mall, along with Macerich’s other recent sales and transactions, was consistent with the company’s “stated disposition plan to improve the balance sheet and refine our portfolio.”
The sale comes in the midst of plans to create hundreds of apartments at the mall that could be occupied as soon as the summer of 2026. As previously reported by Saratoga TODAY, the residential project was allowed to move forward thanks to the Wilton Town Board’s approval last year of a Planned Unit Development District (PUDD).
Wilton Town Board Supervisor John Lant, who cast the lone vote against the creation of a PUDD, told Saratoga TODAY that the board will consider news of the sale “once we have all the information via confirmed sources.”