Namdar 2024 Year End Update

In addition to MPACT and Severance (redevelopment planning)

Sale

Bloomingdale, IL: Stratford Square (after facing eminent domain lawsuit)

Pending Sales

Enfield, CT: Enfield Square (awaiting grant from state for redevelopment)

Bradley, IL: Northfield Square (city has approved purchase)

Jacksonville, FL: Regency Square (sale contract but buyer hasn't yet proceeded)

Calumet City, IL: River Oaks (city made purchase offer but Namdar reneged by doubling its price)

Lawsuits

Mansfield, OH:  West Park Shopping Center (Litigation over demolition of condemned buildings for 2 years)

College Town, PA: Nittany Mall (Sinkholes)

Bangor, Maine: Bangor Mall (2 lawsuits by city for code violations)

Malls in more trouble:

Flint Township, Michigan: Genesee Valley Center

Colorado Springs,CO: CItadel Mall

Purchase:

Spartensburg, SC: Westgate Mall