Total Pageviews

Wednesday, March 16, 2016

News From Home: Buying the Old Rotterdam Square Mall Twice

On June 7, 2015, I found a For Sale sign on the side of the former Macy's Store.  From the description on the sign, 120,000 square feet, I realized that this offering was for just part of Rotterdam Square Mall.  

I went to the Vanguard-Fine LLC.
website to read the listing.

I found out that Macy's owns
it's store & yes, a mall can
be sold twice... in pieces.

On June 9, 2015 the sale of the Rotterdam Square Mall to Via Properties was announced. Since then, there has been no information on what will happen with the old Macy's store.  

Six months have gone by...  The old Rotterdam Mall has been bought twice....  The March 12, 2016 Daily Gazette article announced Via Properties' purchase of the old Macy's store.  The price was not disclosed.

The choice(s) made for this 120,000 square foot section of ViaPort Mall have not been announced.  I wonder what the developer's choice(s) will be.

No comments: