R.I.P. University Mall | Arkansas Blog

Monday, October 1, 2007

R.I.P. University Mall

Posted By on Mon, Oct 1, 2007 at 11:30 AM

The best news that occurred while I was gone was resolution of the festering sore of University Mall. Strode Property Group, the developer of the new Midtowne retail center, emerged as the white knight, buying the property from the landowner and terminating the lease with Simon Property Group, which had allowed the property to deteriorate while it pursued hopes of another mall in western Little Rock.No terms have been disclosed on the Simon lease termination, but it had been ordered to pay some $8 million to rehab the failed mall and getting out from under that payment undoubtedly was an incentive to give up the years remaining on the land lease.

This story broke prematurelyafter the Democrat-Gazette issued an erroneous report that Simon Property was going to buy the mall. Fox 16 got a few more details from the new developer that indicates he envisions not just a "lifestyle" retail center, hopefully with a Target, but a mixed-used development that could include multi-family residential.

Demolition of the old mall could begin within two weeks, the new owner said.

From the ArkTimes store

Favorite

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

More by Max Brantley

Readers also liked…

  • Charter school accountability: Non-existent in Arkansas

    A state audit finds charter school spending violated state law, but the state Education Department says it has no responsibility for ensuring proper management of charter schools. Say what?
    • Mar 5, 2016
  • Among the last words from Kenneth Williams: 'Finger Lickin' Good Fried Chicken'

    What's purported to be a final-words essay from condemned prisoner Kenneth Williams was distributed today by Deborah Robinson, a freelance journalist in Arkansas.  He reflects on his execution, his victims, reactions of inmates and big servings of fried chicken, which he says are given to all inmates on execution days.
    • Apr 27, 2017
  • Policy group urges opposition to new charter seats in Little Rock

    The Arkansas Public Policy Panel is urging supporters of the Little Rock School District to tell state Board of Education members they oppose applications to be heard this week to dramatically expand the number of charter school seats in the Little Rock School District.
    • Mar 9, 2016

Most Shared

  • Discussion: State killing of the mentally ill

    The Arkansas Coalition to Abolish the Death Penalty and others will have a forum on mental illness and the death penalty at 6:30 p.m. Monday at the Bowen School of Law's Friday Courtroom.

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation