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Mall demolition begins with ceremonial groundbreaking, knocking down of wall

Posted at 3:37 pm July 20, 2016
By John Huotari 1 Comment

Main Street Oak Ridge Groundbreaking July 20 2016

Demolition of the former Oak Ridge Mall began Wednesday, July 20, 2016, with a ceremonial groundbreaking and the knocking down of a wall near the former Goody’s store, starting construction on a 58-acre mixed-use retail development known as Main Street Oak Ridge. (Photo by John Huotari/Oak Ridge Today)

 

Note: This story was last updated at 7 p.m.

Demolition of the former Oak Ridge Mall began Wednesday with a ceremonial groundbreaking and the knocking down of a wall near the former Goody’s store, starting construction on a 58-acre mixed-use retail development known as Main Street Oak Ridge.

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. New stores could open in the spring of 2017.

Officials, business representatives, and the community celebrated with a groundbreaking ceremony on Wednesday. About 300 or more people attended. After the groundbreaking on a hot, sunny summer afternoon, those celebrating, including children and adults, had a chance to spray graffiti on part of the old mall as a fundraiser for the renovation of Blankenship Field.

Main Street Oak Ridge is now the largest multi-tenant commercial retail project in the city, said Parker Hardy, president of the Oak Ridge Chamber of Commerce. [Read more…]

Filed Under: Business, Business, Front Page News, Government, Oak Ridge, Oak Ridge, Slider Tagged With: Anderson County Commission, Belk, Calhoun's, Chander Bhateja, Crosland Southeast, David Bradshaw, David Wilson, demolition, Dick's Sporting Goods, Electronic Express, First National Bank of Tennessee, Goody's, groundbreaking, Guilford Glazier, Hobby Lobby, JCPenney, Kathryn Baldwin, Main Street—Oak Ridge, Mark Mamantov, Mark Watson, Maurice's, Neil Wilson, Oak Ridge Chamber of Commerce, Oak Ridge City Center LLC, Oak Ridge City Council, Oak Ridge Industrial Development Board, Oak Ridge Mall, Oak Ridge Municipal Planning Commission, Parker Hardy, PetSmart, Pinnacle Bank, Rack Room, Ray Evans, RealtyLink, Rue 21, Sears, Sears Hometown Store, Steve Emert, T.J. Maxx, TN Oak Ridge Rutgers LLC, TNBank, TownePlace Suites, TownePlace Suites by Marriott, Ulta, Warren Gooch

Mall sale has closed, executives say

Posted at 9:19 am July 1, 2016
By John Huotari 5 Comments

JCPenney Oak Ridge June 30 2016

The JCPenney store at the former Oak Ridge Mall, which has more recently been known as Oak Ridge City Center, is pictured above. The sale of the roughly 58-acre site has closed, Steve Arnsdorff, chief manager of Oak Ridge City Center LLC, said Friday, July 1, 2016. RealtyLink of Greenville, South Carolina, plans to redevelop the site, which also includes a Belk store, as Main Street Oak Ridge, a mixed-use development that could include retailers, restaurants, residential units, and possibly a hotel. (Photo by John Huotari/Oak Ridge Today)

 

Note: This story was last updated at 10:30 p.m.

The sale of the former Oak Ridge Mall has closed, executives said Friday morning.

The sale was confirmed by Steve Arnsdorff, chief manager of Oak Ridge City Center LLC, which had owned the property, and Neil Wilson, principal of RealtyLink, the new developer.

The new owner is TN Oak Ridge Rutgers LLC, a company set up by RealtyLink, which is based in Greenville, South Carolina. The purchase price was $6.3 million, and the sale closed late Thursday evening, Wilson said.

RealtyLink plans to redevelop the roughly 58-acre site, which includes a Belk and JCPenney, as a mixed-use development known as Main Street Oak Ridge. It could include retailers, restaurants, residential units, and possibly a hotel.

“We’re excited for what this project will do for Oak Ridge,” Arnsdorff said. “This community deserves this. We’re excited this is happening.”

“I think what I would like to point out is that it’s a great day for Oak Ridge and for the city to sort of embrace this new mall,” Wilson said. [Read more…]

Filed Under: Business, Business, Front Page News, Government, Oak Ridge, Oak Ridge, Slider Tagged With: American Museum of Science and Energy, AMSE, Belk, Crosland Southeast, Dick's Sporting Goods, Electronic Express, First National Bank of Tennessee, infrastructure grant, JCPenney, Main Street—Oak Ridge, Maurice's, Neil Wilson, Oak Ridge Chamber of Commerce, Oak Ridge City Center, Oak Ridge City Center LLC, Oak Ridge City Council, Oak Ridge Industrial Development Board, Oak Ridge Mall, Parker Hardy, PetSmart, Pinnacle Bank, Rack Room, Ray Evans, RealtyLink, Rue 21, Steve Arnsdorff, T.J. Maxx, tax increment financing, TIF, TN Oak Ridge Rutgers LLC, TNBank, Ulta, Warren Gooch

Main Street project won’t close Tuesday; closing could be in January

Posted at 8:55 pm December 14, 2015
By John Huotari 27 Comments

Neil Wilson of RealtyLink at Rise and Shine on Nov. 3, 2015

Neil Wilson, left, principal of RealtyLink, gives an update on the redevelopment of the former Oak Ridge Mall at an Oak Ridge Chamber of Commerce Rise and Shine at TNBank on Tuesday, Nov. 3, 2015. (Photo by John Huotari/Oak Ridge Today)

 

Note: This story was last updated at 9:30 a.m. Dec. 15.

The new company leading the redevelopment of the former Oak Ridge Mall won’t close on the property on Tuesday, and the closing could be pushed into January, officials said this month.

But it’s nothing to be concerned about, one official said Monday, adding that there are many pre-closing activities to accomplish in a short period of time, some in series.

“There have been no holdups, just a lot to do,” said Ray Evans, retail consultant for the City of Oak Ridge. “As an example, a subdivision plat has to be approved by the Planning Commission prior to closing. In order for the plat to be prepared, the property had to be re-surveyed. The new survey stakes are very apparent around the property. The plat was submitted yesterday (Monday). It will likely go before the Planning Commission at its meeting on January 7.”

Evans said RealtyLink has had geotechnical staff on site doing core borings during the past few weeks.

“In addition, they have been working on completing the environmental work,” he said.

Officials said RealtyLink and its contractor remain committed to having stores open for seven of the new tenants for the 2016 Christmas season. [Read more…]

Filed Under: Business, Business, Front Page News, Government, Oak Ridge, Oak Ridge, Slider, Top Stories Tagged With: CapitalMark Bank and Trust, closing, closing date, Crosland Southeast, David Bradshaw, First National Bank of Tennessee, Industrial Development Board, Main Street—Oak Ridge, Neil Wilson, Oak Ridge Mall, Oak Ridge Municipal Planning Commission, Ray Evans, RealtyLink, tax increment financing, TIF, TNBank

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