Tuesday, April 20, 2021

Tag: Center

Mall Owner Explores Debt Restructuring for New York’s Largest Shopping Center

The owner of Destiny USA, the largest shopping center in New York, is exploring a possible restructuring of the struggling property’s municipal and mortgage-backed debt obligations, people familiar with the matter said.

Pyramid Management Group has hired financial adviser Houlihan Lokey Inc. and law firm Orrick Herrington & Sutcliffe LLP to look into restructuring options for Destiny USA as pandemic regulations continue to affect the mall’s bottom line, according to people familiar with the matter.

A six-story structure in Syracuse, N.Y., by Onondaga Lake, Destiny USA owes roughly $286 million in municipal bond debt and about $430 million in commercial

Read more

Man Charged After Fire At Shopping Center

File photo

A man was charged after a fire behind a popular local shopping center.

Tullytown Borough police were dispatched to the area of the Home Depot in the Levittown Town Center around 3:53 a.m. Friday for a report for a fire. Volunteer firefighters were also called to the scene for a pallet on fire next to the building.

The arriving officers found a wooden pallet ablaze against a dumpster that was attached to the Ross department store in the shopping center.

An employee of the Home Depot spoke with police. He said he spotted the fire and talked with

Read more

Marco’s Pizza coming to Tyler’s Ridge Shopping Center

Soon, the Tyler’s Ridge Shopping Center in Southern Pines will have a new pizza restaurant. 

Franchise owner Teresa Salter, from Lee County, will open her second Marco’s Pizza location at the shopping center on N.C. 22 near the Moore County Airport. Her other location is in Cameron in Harnett County. 

Salter moved to North Carolina four years ago to help her brother open a Marco’s Pizza. He then helped her open her first location.

“We are a close competitive family; my sister owns two Marco’s Pizza locations in Texas. Our first stores actually opened on the same day, but she

Read more

‘Defunct’ Provo shopping center demolished after five-year limbo

PROVO, Utah (ABC4) – The once-thriving Plum Tree shopping center, now five years defunct, will be no more after Tuesday.

There are three businesses whose names will undoubtedly create a sense of nostalgia for Provo citizens – Movies 8, Carousel Ice Cream Parlor, and Shopko.

“Many past college students, myself included, have fond memories of date nights with a $1 movie and sundaes at Carousel Ice Cream Parlor. It was all we could afford,” says Provo Mayor Michelle Kaufusi. “It’s always hard to see community favorites close when they’ve become such a beloved part of our community fabric.”

Read more

Columbia Housing is selling Celia Saxon Shopping Center

CCDFI has not released much information about its future development of the site—only that it will likely be retail.

COLUMBIA, S.C. — The Columbia Housing Board of Commissioners has voted to enter a contract with Clearinghouse Community Development Financing Institution (CCDFI) to buy the Celia Saxon Shopping Center on Harden Street in Columbia, SC. The Board approved a $2.5 million purchase agreement for the sale.

“We are ecstatic to engage Clearinghouse CDFI in our efforts to create a sustainable plan for the Celia Saxon Shopping Center and one that the community will be proud of,” said Columbia Housing director Ivory

Read more