crossroads mall redevelopment

Once the incentives were identified and developed ($18.2 million total), we procured a partnership with team to developers to invest in revitalizing the area. The mall will be demolished by Dec. 31, 2024. The Crossroads is more than just a description of its geographic location. The property was known for decades as Crossroads Mall until the mall closed more than a decade ago amid declining interest in big-box retail stores. A 2016 plan to tear down the old Sears store, which is actually a separate property from the rest of the mall, fell apart after the company that then owned the mall, J. Herzog & Sons, of Denver, Colorado, objected to it. We think the supply needs to be edited, adds Terry Montesi, CEO at Trademark Property. The redevelopment plan consists of the demolition of the mall to make way for 31 acres of new mixed-use development that includes retail, medical, multi-family housing, restaurants, and a hotel. His experience managing both public and private sector projects has led him to focus on unique opportunities that add great value for our clients and the municipalities in which they invest. We are in the pre-development stage of the project, which means we are not ready to tell you about all of the new retailers. When complete, it will contain a vibrant mix of uses that include retail, restaurant, entertainment, office, hospitality, high-density multifamily and senior living. City reveals $500 million plan for Crossroads Mall - KETV By integrating an office use, multifamily, entertainment or hotel uses, the remaining retailers can become more vital, suggests Mr. Montesi. As CEO, Dustin guides the corporate strategy of the firm, with a focus on our vision of Making Lives Better for our people, our clients, and for the citizens of the communities we serve. $500 million development project announced at location of Crossroads Mall, DAVID: OMAHAS MAYOR SAYS NOW IS THE TIME TO REDEVELOP CROSSROADS MALL. As municipalities are witnessing their malls decline, so are they seeing a decline in their sales tax and property tax generators. Mayor Jean Stothert said the partnership with will build on the current momentum of growth in Omaha. Up until 2-3 years ago, everyone assumed that if an investment was made, the rest of the campus would keep moving, so long as new capital and new concepts were injected, added Mr. Meshel. Apartments Homes/Senior Living: Approximately 400 residences Terry served as the Mayor of Fort Dodge (population 26,000) from 2006-2009 and understands the political side of infrastructure planning and community development. Theres a lot of information being shared right now about how communities are being impacted by the COVID-19 crisis and even more information about the available programs and resources. They announced Target will remain in its current location along with the 2,200-stall parking garage behind it.

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