The Charlotte Business Journal is reporting that General Growth Properties Inc, the Chicago based company which was partnering with Childress Klein to bring the Bridges of Mint Hill mall to this area, has received an extension to pay some of its debt through March 15.
General Growth Properties inc, who is partnering with Childress Klein properties in building the Bridges at Mint Hill, has gotten a two week reprieve to pay a $900 million dept for two malls in Las Vegas. General Growth warned several weeks ago it may have to file for bankruptcy if it can’t meet its debt […]
Retail Traffic Magazine has an interesting story about the slow down in shopping center development. As you might have guessed, it has more to do with the slow down in the economy and less about offsite-onsite issues, which is what General Growth Properties is saying about their Bridges at Mint Hill project. From Retail Traffic:
General Growth said to Mayor Ted Biggers and Town Manager Brian Welch the Bridges at Mint Hill is being delayed so offsite work can catch up with onsite work. Apparently, Mint Hill is not the only town where General Growth has stalled a mall project. Elk Grove Promenade is “on hold,” according to the Elk […]
General Growth claims the off-site and on-site work were not in sync, and that grading was going too fast. Urban Planet forum posters express doubt about the reasons given for the halt of Bridges at Mint Hill construction at Lawyers Road and I-485. The poster says:
That’s an interesting excuse and it’s rubbish. It’s no doubt […]
The Bridges at Mint Hill halted grading yesterday, but no worries. Town Manager Brian Welch met with mall officials Wednesday night and they told him the onsite work got ahead of the offsite work. Work at the construction site will begin again sometime at the beginning of next year. Welch also said the mall officials […]