General Growth to be acquired?

Simon Properties, owner of South Park Mall, is offering to acquire General Growth Properties, the company that owns the majority of the land at Lawyers Road and Interstate 485 where the Bridges at Mint Hill is to be built. According to bizjournals.com, Simon is offering to buy General Growth for $10 billion. Reps from Simon said GG’s unsecured creditors’ committee supports the offer. Mint Hill is currently creating a Small Area Plan to guide development at the Lawyers Road interchange. Read more about the plan in this week’s Mint Hill Times.

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