- February 14th, 2018, 8:41 pm
rogers3 wrote: I think LU is proving to be a pretty crappy property manager.
I know that you are much more knowledgeable about this than I am. Some questions:
1. Take Liberty out of the picture. Do you think that the Mall, in its current configuration, is actually viable? In other words, could it really be revitalized "as is?"
2. Do you think the area has the market to support a modern mall? If so, where is the best location?
My uneducated hunch is that the Mall has already died and there isn't much that can be done for it, but that with a major capital investment, the current location would be a good place for a new mall. It would not surprise me if Liberty were holding out for JC Penny and Belk to sell so that they can tear down and build a new mall.
rogers3 wrote:I worry about the Kmart space- it could get redeveloped into an Aldi/Lidl type store or become another one of LU's parking lot eyesores.
I am not sure what you mean by "parking lot eyesores," but anything Liberty does can't be worse than what is already there!
I think an Aldi's (or Trader Joe's) would be good. Would the building have to be torn down? I don't remember seeing any that weren't free standing.