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Seven spots no longer serving as St. Louis-area malls

Seven spots no longer serving as St. Louis-area malls
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$6M in funding approved for delayed Hazelwood sports complex


Developers want to transform the former St. Louis Mills Mall into a massive sports complex called PowerPlex
Author: Ryan Dean, Sam Clancy
Published: 8:01 AM CST February 23, 2021
Updated: 8:30 PM CST February 23, 2021
HAZELWOOD, Mo. The St. Louis County Council voted to approve $6 million from the county s Convention and Recreation trust fund for the development of the POWERplex.
In Tuesday night s meeting, the council voted 6-1 in favor of an ordinance that would set aside $6 million of unappropriated funds for the development that would transform the mostly vacant St. Louis Outlet Mall into a multi-sport facility.
The developer of POWERplex said the $6 million from St. Louis County s hotel tax only accounts for 10% of project costs but said it s vital to the total funding package. ....

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Namdar Realty Group Plows Forward as Mall Properties Decay


(Photo illustration by The Real Deal)
At the Regency Square Mall in Jacksonville, Florida, roaches roam freely, the air conditioning is broken and the roof leaks, according to a series of lawsuits filed over the past four years.
But the mall’s owner, Namdar Realty Group, did not disclose any of that to its tenants, a handful of retailers alleged.
When the issue was raised, Namdar painted over the water stains and the problem got worse as mold grew and another leak developed, International Decor Outlet asserted in a 2017 suit. 
Namdar “is an absentee landlord with a reputation as a ‘slumlord,’” the home furnishings store’s complaint reads. The lawsuit was later voluntarily dismissed. ....

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