Monday, May 07, 2012
Laurel Mall Closed…Finally
Last November Greenberg Gibbons announced that they would
soon begin demolishing the ill fated Laurel
Mall . At the time a
handful of retailers remained, trying to eke out a living from the dying mall.
On May Day, the doors were finally locked. The mall is now "permanently closed."
According to this story by Holly Nunn in Gazette.net, the
malls demise has long been expected. “The shuttering of the mall comes after
five years of proposed redevelopment, as the mall’s management changed hands
and funding for development projects dried up.”
Greenberg Gibbons took over the project from General Growth Properties who was managing it on behalf of Somera Capital. The reborn and rechristened Laurel
Town Centre will be an open air lifestyle center and will include over four
hundred residential units.
Once it gets underway that is. Right now, and for the foreseeable
future, it is simply another dead mall.
Labels:
Closings,
Development Stuff,
Over the Border,
The Retail Scene