Pleasenote that Town Hall is a drug, alcohol and tobacco-free workplace. Updated June 18, 2020 9:36 AM. These closures are part of a plan announced in February 2020 when Macys confirmed it planned to close 125 of its least productive stores over three years. The news that the largest U.S. mall operator, Simon Property Group, has decided to close all of its more than 200 shopping centers is expected to trigger more mass mall closings across the country . Southland Center (Michigan) - Wikipedia Southland Mall Hours Of Operation [Updated 2023] Sales continued to decline and the parent company filed for Chapter 11 bankruptcy on Oct. 15, 2018. The partnership converted the building into an AKA hotel. 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But those businesses have also not fared well in an age of social distancing. Tuesday. Sears offering discounts of up to 70 percent on merchandise ahead of store closing. One shopper, Rebecca Miranda, an area resident, was happy with the low prices on her finds but was not happy about the reason behind them. Westland Shopping Center, also known as Westland Center, is an enclosed shopping mall located in the city of Westland, Michigan, a suburb of Detroit. The partners are planning a major mixed-use redevelopment of the site. MEMPHIS, Tenn. Mayor A C Wharton is concerned sales tax revenue will take a hit now that Macys department store announced its leaving Southland Mall in Spring 2015. We never give up, Collins said. On April 29, 2022, Southland Mall was sold to Electra America and BH Group, a Miami-based private real estate investment and development firm, for $100.35 million. It is still owned by SPG and they owe . But even office space is a risky bet now, as the working-from-home trend could become permanent for some. Wells Fargo is the trustee. 2022 CBS Broadcasting Inc. All Rights Reserved. At the end of 2020, occupancy was just 74 percent, according to Trepp. The company then added several new tenants; . Brookfield acquired Southland in 2016 when it acquired Rouse Properties Inc., the malls original developer. With a report circulating earlier this month that the biggest U.S. mall owner Simon Property Group has been in talks with Amazon to convert some shuttered Sears and J.C. Penney department stores into fulfillment centers, many industry analysts have been pontificating on the future of malls as logistics hubs. Redeveloping malls has proven to be a difficult task even for the largest mall owners in the country like Simon Property Group and Brookfield Property Partners. On its website, Brookfield describes Southland as the only regional center located in the Detroit suburbs south of I-94 and less than one-quarter mile from I-75. as well as other partner offers and accept our. One of its largest anchor tenants, Kmart, left in 2017. A clearance sale will begin in January and run for approximately eight to 12 weeks, Macy's said. With Department Stores Disappearing, Malls Could Be Next It's starting with these 248 stores. Real-time updates and all local stories you want right in the palm of your hand. The judge ordered the 990,000-square-foot indoor mall at 20505 South Dixie Highway to be sold in a foreclosure auction on Feb. 10. An A++ mall could bring in as much as $1,000 in sales per square foot, for example, while a C+ mall does about $320. A lender has taken control of Southland Mall in Cutler Bay after a foreclosure auction failed to yield any bids over $2,600. 10:00 am to 9:00 pm. With the majority of the proposed Target store closures planned to occur in the 2021 calendar year, this provides considerable time to explore all available options to redeploy affected team members. Sears has no other full department store locations south of Coral Gables, and it likely will be missed by shoppers and former employees. SOUTHFIELD - Stripped of its last anchor stores and losing nearly $250,000 every month, the entire Northland Center mall is now in danger of shutting down. Macy's Southland Mall location to close - Action News 5 "Unfortunately, this whole Covid thing has thrown the experiential pitch out the window," Moody's Calanog said in a phone interview. By clicking Sign up, you agree to receive marketing emails from Insider Southland Mall, 1215 East Shelby Drive, Memphis, TN. Largest U.S. Mall Operator Simon Shuts Down, More Mall Closings Likely But an active community of former employees hopes to keep the doomed department store remembered through memorabilia and online. This material may not be published, broadcast, rewritten, or redistributed.

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