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OLEAN â A specialist in restoring old malls to economic vibrancy has purchased the Olean Center Mall.
Mayor Bill Aiello reported Monday that Angelo Ingrassia of Rochester has bought the 44-year-old mall from its original owner, Zamias Group, for an undisclosed amount.
âMr. Ingrassia specializes in redeveloping distressed properties and is currently working on a redevelopment plan for the site,â Aiello said. âWe look forward to working together and supporting his efforts as he transforms this underutilized property located in the center of our downtown.â
Ingrassia could not be reached for comment by press time.
Aiello said the city received a lead this summer to connect Ingrassia to the mallâs owners.