Why did Chapel Hill Mall close?

Why did Chapel Hill Mall close?

Chapel Hill Mall opened in 1967 and last year entered foreclosure proceedings for nonpayment of more than $631,000 in property taxes. It also had been sued for being behind on its electric bill. The city of Akron recently rezoned the mall to allow for light industrial uses there in addition to retail.

What will happen to Chapel Hill Mall?

The store closed in July 2020. As of April 18, 2021, the Chapel Hill Mall is permanently closed. The property is expected to become a business park. The carousel is planned to be moved to Lock 3 Park in downtown Akron.

When did Chapel Hill Mall open?

October 12, 1967Chapel Hill Mall / Opened

What happened to Rolling Acres Mall?

Rolling Acres Mall was publicized after its closure as an example of a dead mall, and non-retail ventures operated out of the former locations of Target, Sears, and Dillard’s. The mall was finally demolished in stages between 2017 and 2019 after it had badly deteriorated, except for the former Sears.

Who owns Chapel Hills mall?

Namdar Realty GroupChapel Hills Mall / OwnerNamdar Realty Group is a shopping mall investment company based in Great Neck, New York. They primarily purchase troubled shopping malls with partner Mason Asset Management. Namdar and Mason are both family owned, and as of 2021, own over 400 properties including 100 plus malls. Wikipedia

How many stores are in Chapel Hill Mall?

Chapel Hills Mall – Mall/Shopping center in Colorado

Chapel Hills Mall address: 1710 Briargate Blvd., Colorado Springs, Colorado – CO 80920
Number of stores: 90
www: https://www.chapelhillsmall.com
www-source: www.mallscenters.com/malls/colorado/chapel-hills-mall
GPS Coordinates: 38.948396, -104.794829

Is the Rolling Acres Mall still abandoned?

Rolling Acres Mall fell victim to declining shopper traffic and permanently closed in 2013. Former tenants include Macy’s, JCPenney, Target, and Sears.

Who is the owner of Rolling Acres Mall?

AkronRolling Acres Mall / Owner

What is being built at Chapel Hills Mall Colorado Springs?

Evergreen Devco, which has several commercial projects in various stages in the Pikes Peak region, plans to build a 300-unit apartment project on the Sears property, to be called Overlook Briargate. The company announced its plans in 2020 and finalized its purchase of the Sears property in May.

Who owns Chapel Hill Mall?

Kohan Retail Investment GroupChapel Hill Mall / Owner

When was Rolling Acres Mall built?

August 6, 1975Rolling Acres Mall / Opened

When was rolling acres demolished?

Amazon is planning to build a 700,000-square-foot facility on the site of the shuttered Rolling Acres Mall in Akron, Ohio. Rolling Acres Mall fell victim to declining shopper traffic and permanently closed in 2013.

What’s happening to the former Sears store at Chapel Hill Mall?

The former Sears store at Chapel Hill Mall is being renovated for a cabinet assembly and distribution company. Shown above is a rendering of exterior improvements.

What’s happening to Akron’s Chapel Hill Mall?

AKRON — The days of shopping at Akron’s Chapel Hill Mall have come to an end and the mall will soon serve a new purpose. In March, Akron City Council approved a development agreement with Industrial Commercial Properties (ICP) providing for the acquisition, sale and redevelopment of property located at 2000 Brittain Road.

What is ICP doing with the old Sears building at Sears?

Last October, ICP purchased the former Sears store at the mall, and the company intends to rent the 195,000-square-foot building to a cabinet assembly and distribution company. Construction is underway to convert the building into space for the company, said Chris Salata, ICP chief operating officer.

What’s going on with Chapel Hill Mall?

Industrial Commercial Properties purchased Chapel Hill Mall earlier this year and plans to redevelop the property for industrial uses. Shown above is an aerial view rendering of the proposed improvements that include painting, paving and adding greenspace.