When Sears closes it doors at the Old Hickory Mall this spring, the question becomes – what happens to 89,000 square feet of vacant space?
Nationally, some vacant stores in malls are being converted into apartments, and it’s an idea, or a trend that Jackson developer Hal Crocker finds interesting.
“The idea to redevelop is a neat idea to me,” said Crocker, a co-developer of Jackson Walk, “But, I haven’t put a lot of thought into it.”
CBL Properties, a real estate investment company, headquartered in Chattanooga owns the Old Hickory Mall.
Stacey Keating, a spokesperson with CBL, said the company is considering different options.
“It’s too early to provide any concrete details about what might occur at the Sears location,” Keating said, “We will continue discussions and negotiations with alternate users and will share more information as it’s available.”
Sears filed Chapter 11 bankruptcy in October, 2018, and two months later, announced its Jackson store at 2021 North Highland Avenue, was one of 80 stores nationwide the parent company would close.
For more local business news Click Here
(PHOTO: Sears, Old Hickory Mall)
David Thomas, Twitter– @DavidThomasWNWS
https://www.facebook.com/NewsTalk1015/