[47] Chapel Hill Mall was sold by Kohan to Industrial Commercial Properties in March 2021. Any support we can offer to the mall will be very positive and supportive in any way we can make it, she remarked. Admission prices are: Adults, $12; Seniors 60+, $10; Youth 6-12, $7; Under 6, free. [18] The malls outstanding taxes were paid off in October 2018 for $1.1 million. [93], Chapel Hill Mall in January 2020 was foreclosed on by Summit County, Ohio for owing $753,732.82 in real estate taxes. Jefferson County Chamber of Commerce Executive Director Trisha Maple-Damewood said the Steubenville community is not alone in the country facing the reinvention of retail. Brookwood purchased the mall from New York-based Kohan Retail Investment Group. Columbus, OH - 08/31/2003' // do not edit anything below this line About & Contact Info theDescr[4]='Pete in Fairfield Mall, Chicopee, MA' theDescr[8]='Brian in Bentonville, Arkansas, June 24, 2003' We need to think about the local stores before we go elsewhere to shop for items that are available in Steubenville, Mucci commented. June 2007' [92] Kohan resumed ownership of the mall in September. [65][66], Lincoln Mall suffered from serious material condition issues during Kohan's ownership and in August 2013 went into receivership. The foreclosure sale was ordered in early February. The website said the malls loan was transferred to special servicing in January, due to the borrower stating they will no longer fund shortfalls to cover debt service. [67] Lincoln Mall was demolished starting in May 2017. Fort Steuben Visitor Center and Museum Shop is open all year, Monday - Friday from 10-4. Or for all listings, including in other countries, use the pull-down box. Brookwood. You cant argue assets, you cant argue locations basically, you have to be ready for any location, any time. Basic maintenance, like roof repairs and carpet replacement, is long overdue. Fort Steuben Visitor Center and Museum Shop is open all year, Monday - Friday from 10-4, [95], Adrian Mall in March 2020 was almost condemned due to electrical, roof, and structural issues. I am happy the auction went the way it did and I hope the new management team that will be operating the mall can be creative, aggressive and willing to think outside of the box in order to keep the Fort Steuben Mall open and operating, Maple-Damewood noted. The Fort Steuben Mall is coming back to life. Language links are at the top of the page across from the title. Click on the map. Merchandise STEUBENVILLE Local officials were optimistic Thursday the new owner of the Fort Steuben Mall will breathe new life into the facility that opened for business in 1974. They primarily purchase endangered/troubled shopping malls. Shot is in the movie Malls R Us. Any support we can offer to the mall will be very positive and supportive in any way we can make it,, due to the borrower stating they will no longer fund shortfalls to cover debt service. The bank bought the mall for $10,333,333.34 or two-thirds of the most recently appraised value of the property. Kohan Retail Investment Group is a shopping mall investment company based in Great Neck, New York. theImages[17]='200706_brian_rolling_acres_4.jpg' theDescr[22]='Pete at Rolling Acres Mall. [45] Prizm Outlets was purchased by Kohan at auction for $1.525 million in January 2021. [55] Part of the Burnsville Center was sold to Pacific Square Burnsville LLC for $10.6 million in February 2022. Copyright The Review | https://www.reviewonline.com | 210 East Fourth St., East Liverpool, OH 43920 | 330-424-9541, will now go through a confirmation process with the federal court to confirm the sale and the court will then issue a deed to our client., The attorney who represented U.S. Bank made a bid offer and left as soon as the auction was concluded. [63] In March 2023, Fairlane Town Center was sold to the Kohan Retail Investment Group. Bill Schmitt Jr. wants to expand his business and has looked across the Upper Ohio Valley for just the right spot. | Thats what the plans are, its actually worked in many other locations, and weve been able to bring in larger tenants, national tenants, he said, pointing out its not fail-safe. [105], Mall properties owned by Kohan Retail Investment Group as of 2023 include:[106]. SOLD The U.S. Bank, serving as a trustee for the lenders who held the mortgage for the Fort Steuben Mall, was the sole bidder Thursday afternoon for the property at a foreclosure auction in U.S. District Court in Columbus. It is happening across the country. If our operation is to deal with revitalization of malls, we cant just go back and tell (sellers) we dont like the location then wed want to be choosers and in this business, a chooser is not going to get much.. Brookwood Partner Wyatt Woeltje . The mall has faced financial strains in recent months with Sears, an original tenant, closing its store last June. Visitors' opinions on a touch of elegance bakery & cafe. A financial website reported in May that the Fort Steuben Mall went into foreclosure in February 2016 and was being prepared for sale. The mall first opened on August 3, 2001, with about 75% occupancy and four anchor stores. The U.S. Bank, as a trustee for the lenders who held the mortgage note for the mall, was the only bidder at the foreclosure auction Thursday afternoon in U.S. District Court in Columbus and will pay $10,333,333.34 for the mall. According to Trepp Talk, "the $37 million Fort Steuben Mall . Asheville, NC 08/30/2003' theImages[13]='brian_century_plaza_450.jpg' The mall has over 40 stores, including JCPenney, Dick's Sporting Goods, Bath & Body Work, & Wal-Mart Supercenter. [19] Southbridge Mall during its tax sale was purchased by Kohan for $1.5 million in September 2016. The chamber of commerce has taken a great interest in retail during the past year. We need to think about the local stores before we go elsewhere to shop for items that are available in Steubenville, Mucci commented. Fort Steuben Mall 1.5 6 reviews #11 of 11 things to do in Steubenville Shopping Malls Open now 10:00 AM - 9:00 PM Visit website Call Email Write a review What people are saying " Depressing mall " Jul 2019 Old mall that seems to be past it's prime.half the stores are gone. The Shops at Willow Bend, sometimes referred to as Willow Bend Mall, is a shopping mall located in Plano, Texas, with over 125 stores and three anchor stores. July 2009' [96] It was later condemned in June 2020 due to numerous serious issues. [56] Fort Steuben Mall was sold by Kohan to Brookwood Capital in February 2022. But part of the solution will be for local residents to shop local. Relax at one of the mall's restaurants including BJ's Restaurant and . [44] Central Mall Lawton was sold to Lawton, Oklahoma for $14.6 million in January 2021. Conferences, reunions, and organizations may rent facilities at Historic Fort Steuben for meetings and special events. Weve done that before were not 100 percent successful, but weve had some success.. We have quite a challenge in front of us but weve done it before, so it doesnt discourage me at all., Today's breaking news and more in your inbox. theDescr[14]='Jack at Randall Park Mall near Cleveland, OH. We need to think about the local stores before we go elsewhere to shop for items that are available in Steubenville, Mucci commented. [80], Kohan owed $627,789 in property taxes on the Washington Square Mall in 2017, and the mall was put up for tax sale. [23] Fort Steuben Mall was purchased for $10.75 million in December 2018. Developers: How may we help? COMING SOON All newly renovated Three Bad Hombres, almost ready for business and coming along great #FortSteubenMall #3BadHombres #ComingSoon #MexicanFood +7 1K1K 332 comments 592 shares Share theDescr[23]='Brian, Jack and Pete in the parking lot of Randall Park Mall near Cleveland, OH. [38] Virginia Center Commons was sold to VCC Partners LLC and Shamin VCC LLC in early 2020 for $8.3 million. There is an opportunity there for businesses, Mavromatis added. List of linked changes and additions to the content of the site. // pattern below, adding to the array. The bill was paid the day electric was to be shutoff. [6] Kohan purchased the Jamestown Mall in 2009 for $3.3 million. There are more stores closed then there are open. Copyright Morning Journal | https://www.morningjournalnews.com | 308 Maple Street, Lisbon, OH 44432 | 330-424-9541, will now go through a confirmation process with the federal court to confirm the sale and the court will then issue a deed to our client., I believe we still have people looking at the mall. According to Jefferson County property records, the Macys store property and adjacent parking lot is owned by the Macys corporation. STEUBENVILLE Nashville-based Brookwood Capital Advisors, a retail redevelopment specialist focused on turning high-vacancy shopping centers into high yield properties, has its work cut out for it with the Fort Steuben Mall. A financial website reported in May that the Fort Steuben Mall went into foreclosure in February 2016 and was being prepared for sale. [7] In 2011, a Crate & Barrel opened in the vacant Lord & Taylor. | STEUBENVILLE The Fort Steuben Mall's new owner concedes turning its sinking fortunes around isn't a job for the faint of heart. Akron, OH. theDescr[0]='Former Mohawk Mall, now Mohawk Commons, Niskayuna, New York' the coloring pages, puzzles, activities, and more on the activities page. Visiting Fort Steuben Mall is a terrific way to get the most out of your money. The loan is backed by a 821,996-square-foot mall that lists Wal-Mart, Macys and Sears as its main tenants combining for nearly 67 percent of the malls square footage. NEW PHILADELPHIA The following construction projects are anticipated to affect highways in Lisbons McKinley Elementary School, 441 Chestnut St., will again be serving Summer Lunch. "Saks to close Shops at Willow Bend store on Saturday", "Frisco's Stonebriar Centre getting a Michael Kors store and more", "Saks Incorporated to Close Its Saks Fifth Avenue Stores in Plano, Texas and Mission Viejo, California", "The Shops at Willow Bend in Plano sells to Starwood", "Plano's Shops at Willow Bend getting a $100 million redo: restaurants, luxury hotel, office tower and entertainment anchor", "Plano's Shops at Willow Bend loan is in default", "New Crayola Experience Coming to Shops at Willow Bend in Plano", "The Colorful Crayola Experience Opens in Plano", "Galleria Dallas Apple Store celebrates grand opening", "New owner plans new life for Willow Bend mall in Plano", https://en.wikipedia.org/w/index.php?title=The_Shops_at_Willow_Bend&oldid=1144536210, 2 (3 in Macy's, Dillard's, and Neiman Marcus, 1 in Crate & Barrel and Restoration Hardware), This page was last edited on 14 March 2023, at 07:32. Any support we can offer to the mall will be very positive and supportive in any way we can make it,, due to the borrower stating they will no longer fund shortfalls to cover debt service. EAST PALESTINE It has been four months since the Norfolk Southern train derailment and one month until Gov. About Us. [42] Kohan purchased the Burnsville Center's debt at auction for $18 million in October 2020. Please let us know how we can help. Kohan said the important thing is to get people into the habit of coming to the mall again, and the best way to do that is to make it a true community center invite small, locally owned shops to join he mall family, host community events and find ways to boost foot traffic, since that will build momentum and attract more and bigger tenants. [18] Chapel Hill Mall was purchased in July 2016 by Kohan for $8.6 million. Love the fruit explosion cakes. The attorney who represented U.S. Bank made a bid offer and left as soon as the auction was concluded. The mall lost several tenants due to corporate bankruptcies causing the propertys occupancy to drop to 62 percent., (Gossett can be contacted at dgossett@heraldstaronline.com. The U.S. Bank, as a trustee for the lenders who held the mortgage note for the mall, was the only bidder at the foreclosure auction Thursday afternoon in U.S. District Court in Columbus and will pay $10,333,333.34 for the mall. There is an opportunity there for businesses,, I introduced myself to the attorney representing the bank and said the port authority is very willing to work with the bank and its management team as far as a marketing strategy. [9][10] Lincoln Mall was purchased during foreclosure for $150,000 in June 2012, with millions owed in fines and taxes from its previous owners. Historic Fort Steuben is open from May through October, M-F from 10-4, Saturday from 10-4, Sunday from 11-4. [68][67][69] At the malls closure, over $10 million in fines and taxes was owed to Matteson by Kohan. They will analyze the mall and its needs and are committed to keeping the mall open. // To add more image files, continue with the theDescr[7]='Brian photographing the interior of former Irondequoit Mall in Rochester, NY - 11/16/2006' Mayor Domenick Mucci said he has been told the bank trustee management group will be seeking more tenants to fill the empty stores in the mall. Home Located at 100 Mall Drive, Steubenville, Ohio 43952 or call: 740-537-0235. theDescr[9]='Brian at Greengate Mall, April 2002' City Manager Jim Mavromatis and Law Director S. Gary Repella attended the auction along with Jefferson County Port Authority Executive Director Evan Scurti and several store tenants in the mall. Welcome to Retail History!!
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