When malls don’t have control of anchor real estate, it can hold up redevelopment. Washington Prime Group in the past has said it couldn’t fill the space, along with the vacant Sears store, because the company did not own either.
Washington Prime Group’s corporate executives have worked closely with the Elder-Beerman and Sears property owners to create “ideas that will lead to new and exciting development opportunities,” Dave Duebber the mall’s general manager previously told the Dayton Daily News.
“There’s plans in the works,” Duebber said today. “This has been a long process so we’re excited.”
Duebber declined to comment further on the recent sale, but the Dayton Daily News will provide more information from owner Washington Prime Group as it becomes available.
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