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The foreclosure marks another gloomy chapter in the ongoing slide of traditional retail. Wells Fargo, representing the CMBS investors, placed a credit bid, or a bid using its existing debt, of $2,600. Facebook agrees to pay $725M settlement: Whats the deadline to file a claim? Theyre not meant to treat viruses, however. Watch this video to hear Mayor Tim Meerbott address some of the questions residents have asked regarding this sale and what it means for the future of Cutler Bay. The deal does not include a Mercedes-Benz dealership and a former Sears store and auto center that are also on the property, a spokesperson for the joint venture said. This is an archived article and the information in the article may be outdated. The new owners will provide more information about those plans at a later date, the spokesperson added. There may be just 150 malls left in the US in 10 years, according to . You may login with either your assigned username or your e-mail address. Like every other business in America, Southland Mall opens and closes on certain holidays. How much longer can Kansas City's shopping malls hang on? Here's where SOUTHLAND MALL. Access your favorite topics in a personalized feed while you're on the go. She had an armful of clothes in one hand and was pushing her childs stroller with the other. Cutler Bay Town Hall Mayor Wharton admits this is a blow to Whitehaven, and is worried about the 112 people losing jobs, and shoppers leaving the city. Oct 12, 2022, 9:40 AM PDT. Industrial development, meantime, is expected to pick up 3.6%. So, if not warehouses and entertainment complexes, analysts have pondered other potential use cases for so-called dead malls: Churches, medical facilities, office spaces and even apartment complexes. The Southland Mall follows the schedule given below in the table. 10:00 am to 9:00 pm. The news that the largest U.S. mall operator, Simon Property Group, has decided to close all of its more than 200 shopping centers is expected to trigger more mass mall closings across the country . Macy's Southland Mall location to close - Action News 5 However, the list below shows better . "Often, that requires rezoning areas a long and tedious process with a low probability of success.". That's down from around 2,500 locations in the 1980s and 700 today, Egelanian said. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved.