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Mall demolition begins

Posted at 11:42 am July 26, 2016
By John Huotari 3 Comments

Oak Ridge Mall Demolition Sears July 26 2016

Demolition of the former Oak Ridge Mall began Tuesday. Crews demolished a significant part of the former Sears store Tuesday morning, July 26, 2016. (Photo by John Huotari/Oak Ridge Today)

 

Note: This story was last updated at 12:15 p.m.

Demolition of the former Oak Ridge Mall began Tuesday. Crews demolished a significant part of the former Sears store Tuesday morning.

The demolition is expected to include the enclosed space between Belk and JCPenney, the two remaining anchors at the former mall.

Plans call for replacing the former mall with Main Street Oak Ridge, a 58-acre, $75 million mixed-use development that could include retailers, restaurants, residential units, and a hotel. Belk and JCPenney are part of Main Street Oak Ridge, and they remain open during demolition of the mall’s enclosed spaces and construction of new stores.

It’s a big day for Oak Ridge, at least in terms of economic development. Some residents have said they will continue to remain skeptical about the project until they see some actual demolition or construction work. Parker Hardy, president of the Oak Ridge Chamber of Commerce, has said Main Street Oak Ridge is now the largest multi-tenant commercial retail project in the city. Many residents have waited for years for the property to be redeveloped. The mall has been mostly empty for close to a decade.

Demolition could last three months, and the construction of two new stores, T.J. Maxx and Dick’s Sporting Goods, could start where the former Sears building is in October, said Neil Wilson, principal of RealtyLink, the Greenville, South Carolina, company that is redeveloping the property.

Wilson has said new stores could open in the spring of 2017.

There was a ceremonial groundbreaking for Main Street Oak Ridge on Wednesday, July 20. About 300 people attended.

RealtyLink bought the mall property from Oak Ridge City Center LLC on June 30 for $6.3 million. The new owner is TN Oak Ridge Rutgers LLC, a company set up by RealtyLink.

Since the closing, crews have been preparing the property for demolition so RealtyLink can begin the multi-million dollar renovation. (See also this story here.)

Besides Dick’s and T.J. Maxx, other new stores that have been announced as part of the 600,000-square-foot mixed-use redevelopment are Electronic Express, Maurice’s, PetSmart, Rack Room, Rue 21, and Ulta.

Main Street Oak Ridge is expected to create 700-900 jobs, and conservative estimates predict new local sales tax revenues of about $1.5 million per year, Oak Ridge Mayor Warren Gooch said during the groundbreaking last week. Anderson County Commission Chair Steve Emert said Main Street Oak Ridge could generate another $600,000 for county schools each year.

“Going forward, these new tax dollars will be absolutely vital in funding our schools, public safety, and road and infrastructure improvements,” Gooch said. “The most successful chapter of history for our remarkable city is yet to be written.”

More information will be added as it becomes available.

Thank you to reader Kevin Rice for his tip about the Tuesday morning demolition work.

Copyright 2016 Oak Ridge Today. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Filed Under: Business, Business, Front Page News, Oak Ridge, Slider Tagged With: Anderson County Commission, Belk, demolition, Dick's Sporting Goods, Electronic Express, groundbreaking, JCPenney, Main Street—Oak Ridge, Maurice's, Neil Wilson, Oak Ridge, Oak Ridge Chamber of Commerce, Oak Ridge City Center LLC, Oak Ridge Mall, PetSmart, Rack Room, RealtyLink, Rue 21, sales tax revenues, Sears, Steve Emert, T.J. Maxx, TN Oak Ridge Rutgers LLC, Ulta, Warren Gooch

Comments

  1. Joseph Lee says

    July 26, 2016 at 11:47 am

    Emagine that. Thanks for the report John.

    Reply
    • johnhuotari says

      August 1, 2016 at 1:47 pm

      You’re welcome, Joe. Thank you.

      Reply
  2. Mark Caldwell says

    July 27, 2016 at 7:52 am

    Yay!

    Reply

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