DeWitt, N.Y. — Onondaga County has chosen a staff of 4 Central New York firms to redevelop the closed ShoppingTown mall for a number of makes use of, together with housing, leisure, eating places, hospitality, retail and workplace house.
County Govt Ryan McMahon as we speak mentioned OHB Redev LLC will buy the mall from the county for $8 million and make investments at the least $300 million redeveloping the positioning.
OHB Redev is a three way partnership of Redev CNY, Hueber-Breuer Building, DalPos Architects and Housing Visions.
Their plan for the challenge, referred to as DISTRICT EAST, focuses on turning the property into 5 distinct, however blended areas that embody housing, leisure, eating places, hospitality, retail and workplace house. The housing element features a objective of serving completely different revenue brackets, McMahon mentioned.
Roughly 400 building jobs shall be created over the course of the redevelopment and one other 1,400 full-time everlasting jobs are projected as soon as the redevelopment is accomplished.
“We couldn’t be extra excited to rejoice this new chapter for the ShoppingTown mall website,” McMahon mentioned. “With the number of OHB to redevelop this website, our group can lastly look ahead to studying about grand openings, job openings and progress as an alternative of tax evasion and closures.”
The 62-acre property off Erie Boulevard East features a 750,000-square-foot mall and two outbuildings. The mall, which had struggled for a few years, closed in the course of the coronavirus pandemic in March final yr and by no means reopened.
Onondaga County purchased the shuttered mall on Dec. 30 for $3.5 million from Moonbeam Capital. It additionally waived practically $10 million in again taxes, plus $3 million in curiosity and late charges, on the mall.
The acquisition was a part of settlement the county reached with Moonbeam, which filed Chapter 11 bankruptcy in August 2020 to fend off the county’s efforts to grab the mall for unpaid property taxes going again to 2015.
The county issued a request for growth proposals on Jan. 26, saying the property was a primary location for a company campus, high-tech enterprise or a mixed-use growth with a residential element.