Oak Ridge Today

Mall sale has closed, executives say

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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…]

AMSE: Transfer of federal property usually takes few years, public notice would be given

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AMSE Sign

The American Museum of Science and Energy is at 300 South Tulane Avenue in Oak Ridge. (Photo by Sara Wise)

 

AMSE over-sized, operationally challenged, spokesperson says

The transfer of federal property such as the American Museum of Science and Energy usually takes a few years, and if a new use were proposed for the AMSE property, adequate public notice would be given, an official said Monday.

There has been no public announcement that the federal government wants to get rid of the 17.12 acres of federal property that includes AMSE.

But the Oak Ridge City Council will consider a resolution tonight (Monday, June 13) that would allow City Manager Mark Watson to negotiate with the U.S. Department of Energy and General Services Administration, as well as the company redeveloping the former Oak Ridge Mall, for the property transfer. The GSA is responsible for disposing of federal property.

RealtyLink, the company redeveloping the 58-acre mall site, has said that any redevelopment of the AMSE property that competes with its project, known as Main Street Oak Ridge, would be devastating to its efforts to provide the city a much-needed, quality, retail-centered mixed-use town center. RealtyLink said it must be able to control the redevelopment of the AMSE property. [Read more…]

Chamber supports AMSE land transfer resolution

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AMSE-Manhattan-Project-Park-Nov-12-2015

The American Museum of Science and Energy is pictured above on November 15, 2015. (Photo by John Huotari/Oak Ridge Today)

 

Note: This story was updated at 8:50 a.m. June 14.

The Oak Ridge Chamber of Commerce supports a resolution that would allow the city manager to negotiate with business executives and federal officials to transfer about 17 acres of federal property at the American Museum of Science and Energy to help Main Street Oak Ridge, the project to redevelop the former Oak Ridge Mall.

The Oak Ridge City Council will consider the land transfer resolution during a meeting tonight (Monday, June 13). Under that resolution, the 17.12 acres could either be transferred to the city or to RealtyLink, the company redeveloping the mall. The transfer would also include 1.87 acres of city-owned land that are on the north, south, and west sides of the AMSE property.

On Friday, Chamber of Commerce President Parker Hardy said the Chamber supports the land transfer resolution.

“It’s entirely consistent with our overall support for the Main Street Oak Ridge project,” Hardy said. “This has been a long time getting here, and we’re proud to lend our support.” [Read more…]

Main Street: Ready to close by end of June, AMSE property the one remaining hurdle

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The American Museum of Science and Energy property is pictured above in central Oak Ridge.

The American Museum of Science and Energy property is pictured above in central Oak Ridge. The wide road running vertically at center-right through the aerial photo is South Tulane Avenue. The proposed Main Street Oak Ridge would be on the right side of South Tulane Avenue at the former Oak Ridge Mall. The road running horizontally at bottom is South Illinois Avenue. AMSE is the brown-roofed building at top-center.

 

Note: This story was last updated at 8 p.m. June 13.

RealtyLink, the developer that has proposed redeveloping the former Oak Ridge Mall, says it is ready to close on the roughly 60-acre site by the end of June and start construction immediately, but there is one last hurdle: The company is concerned about any redevelopment of the property across the street at the American Museum of Science and Energy that could compete with its proposed project, known as Main Street Oak Ridge.

So, RealtyLink has asked that, if the federal government wants to dispose of the AMSE property at some point in the future, the city would negotiate with the U.S. Department of Energy through the General Services Administration to either have the property transferred to the city, or allow RealtyLink to negotiate directly with DOE and GSA for a property transfer.

The Oak Ridge City Council will consider a resolution allowing the city manager to start the negotiations, should they become necessary, during a meeting on Monday, June 13.

So far, DOE and GSA have not publicly announced plans to dispose of the 17.12 acres in and around AMSE. But there have been public discussions about what to do with the property during the past 15 years or so. DOE has said it is not in the museum business. [Read more…]

New stores at Main Street Oak Ridge appear unlikely by Christmas 2016

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Main-Street-Oak-Ridge-Sign-Dec-21-2015

Workers from Masstar Signs of Greenville, S.C., install a new shopping center pylon sign at South Illinois Avenue and East Tulsa Road announcing Main Street Oak Ridge, the planned $80 million redevelopment of the former Oak Ridge Mall. Pictured above on Monday, Dec. 21, 2015, is Will Biggs of Masstar Signs. (Photo by John Huotari/Oak Ridge Today)

 

The developers haven’t confirmed it yet, but the construction of new stores at the former Oak Ridge Mall appears unlikely to be complete by the Christmas 2016 shopping season.

In November, RealtyLink said demolition at the 58-acre site could take four months and be complete by the end of this March or early next month, with construction possibly starting April 1.

RealtyLink had planned to turn over seven new stores to retailers in September 2016, and it was expected that they could open in October, in time for the holiday season.

But demolition has not started yet at the former mall property, now known as Main Street Oak Ridge.

Ray Evans, Oak Ridge retail consultant, said the opening before Christmas was predicated on demolition and construction starting in January 2016.

“For a variety of reasons, that couldn’t happen,” Evans said. [Read more…]

Another sign of progress: Workers install new sign announcing Main Street Oak Ridge

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Main-Street-Oak-Ridge-Sign-Dec-21-2015

Workers from Masstar Signs of Greenville, S.C., install a new shopping center pylon sign at South Illinois Avenue and East Tulsa Road that announces Main Street Oak Ridge, the planned $80 million redevelopment of the former Oak Ridge Mall. Pictured above on Monday, Dec. 21, 2015, is Will Biggs of Masstar Signs. (Photo by John Huotari/Oak Ridge Today)

 

Note: This story was last updated at 3:30 p.m.

They tore down the old Oak Ridge Mall sign on Wednesday and erected a new shopping center pylon sign on Monday. It announces Main Street Oak Ridge, the planned $80 million redevelopment of the former Oak Ridge Mall.

Although it appears a small step to some, it is another sign of progress on the long-awaited, eagerly anticipated redevelopment of the mostly empty mall. It’s actually the biggest visible change at the mall property in years.

Local officials pointed out that the sign change wouldn’t have happened without the approval of the current owner, Oak Ridge City Center LLC. Also, the change presumably required the new developer, RealtyLink of South Carolina, to spend some money on the sign and its installation, officials said. [Read more…]

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

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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…]

New developer plans to close on former mall on Dec. 15

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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 11:15 a.m.

The new company leading the project to redevelop the former Oak Ridge Mall plans to close on the property on December 15, an executive said Tuesday. It’s the first time a closing date has been announced by one of the developers associated with the project.

The new developer, RealtyLink, plans to have a minimum of seven stores open by Christmas 2016, Principal Neil Wilson said. That would include four stores adjacent to Belk and two adjacent to Walmart.

Wilson declined to name the stores but said the new mixed-use development, called Main Street Oak Ridge, could include a sporting goods store, a cosmetics retailer, one or two apparel merchants, and a 20,000-square-foot electronics shop that has signed a letter of intent. There could be a total of about 150,000 square feet of retail in those stores. There are roughly 130,000 square feet of retail at JCPenney and Belk, which will have a new facade and entrance.

Wilson said his company, which is based in Greenville, South Carolina, wants to start demolition on the enclosed spaces between the two remaining anchors, Belk and JCPenney, the day after it closes on the purchase of the roughly 60-acre property in the center of Oak Ridge. [Read more…]

Mall demolition could start end of Nov., eight new stores could open by Christmas 2016

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Sears at Oak Ridge City Center

Demolition work at the former Oak Ridge Mall could start at the end of November at the former Sears store, and eight new stores could open at the redeveloped 60-acre site by Christmas 2016, officials said Monday. (Photo by John Huotari/Oak Ridge Today)

 

Note: This story was last updated at 6:55 p.m.

Demolition work at the former Oak Ridge Mall could start at the end of November at the former Sears store, and eight new stores could open at the redeveloped 60-acre site by Christmas 2016, officials said Monday.

RealtyLink, the new master developer announced in September, has been looking at the mostly vacant shopping center in the heart of Oak Ridge since 2009. They replace Crosland Southeast, which had been working on the $80 million redevelopment project for more than two years.

RealtyLink, which is based in Greenville, South Carolina, hopes to close on the property, which is now owned by Oak Ridge City Center LLC, at the end of November.

A demolition permit has already been issued, but it’s not in RealtyLink’s name. [Read more…]

Council to consider amending mall plan, inviting DOE to discuss travel practices

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Oak Ridge Mall

The Oak Ridge City Center, which could be redeveloped as a multi-use town center known as Main Street, is pictured above. Also known as the former Oak Ridge Mall, the L-shaped building is at center. The white building at center left is Walmart, and it is not part of the proposed redevelopment. Neither is the white building at center top, the Tinseltown Theater. (Photo by John Huotari/Oak Ridge Today)

 

Note: This story was updated at 12:35 p.m.

During a special meeting Tuesday, the Oak Ridge City Council will consider amending the economic impact plan for the redevelopment of the former Oak Ridge Mall. The change is being considered primarily because the master developer has changed.

The amendment to the economic impact plan, which also includes a date change, will be considered a day earlier, on Monday, October 19, by the Oak Ridge Industrial Development Board and Anderson County Commission.

The Industrial Development Board has a public hearing and special meeting on the $13 million tax increment financing, or TIF, for the redevelopment and an amendment to the economic impact plan at 3:45 p.m. Monday, October 19, in the Oak Ridge Municipal Building Training Room. The County Commission is expected to consider the amendment in a meeting that starts at 6:30 p.m. Monday in Room 312 of the Anderson County Courthouse in Clinton. [Read more…]

Some minor changes, but Main Street project still expected to open for Christmas 2016

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Main Street Oak Ridge Belk on March 2, 2015

Construction for the redevelopment of the former Oak Ridge Mall could start first near the Belk store, the city’s retail consultant said this month. (File photo by John Huotari/Oak Ridge Today)

 

There have been some minor changes to the plans, but the new developer at Main Street Oak Ridge still plans to open the retail-driven, mixed-use development by the Christmas 2016 holiday season, the city’s retail consultant said last week.

RealtyLink, the new South Carolina-based developer, took over as master developer in September, replacing Crosland Southeast, the firm that had led the redevelopment effort for more than two years.

Oak Ridge retail consultant Ray Evans said RealtyLink has a good relationship with Crosland, a North Carolina-based company.

“They have essentially picked up where Crosland left off,” Evans said.

RealtyLink has plans for about 60,000 more square feet of retail than Crosland did, giving the project a total of about 460,000 square feet of retail, including in the two remaining anchors, Belk and JCPenney. [Read more…]

With new developer at work, AC to consider amendment to Oak Ridge mall economic plan

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Oak Ridge Mall

The Oak Ridge City Center, which could be redeveloped as a multi-use town center known as Main Street, is pictured above. Also known as the former Oak Ridge Mall, the L-shaped building is at center. The white building at center left is Walmart, and it is not part of the proposed redevelopment. Neither is the white building at center top, the Tinseltown Theater. (Photo by John Huotari/Oak Ridge Today)

 

The Anderson County Operations Committee on Monday night will consider an amendment to the economic impact plan for the Oak Ridge Mall economic development area. Officials have said some minor changes would be required after a new master developer become involved in the redevelopment of the former mall.

The Oak Ridge City Council and Industrial Development Board are also expected to consider some minor changes to the mall-related documents. The IDB has a special-called meeting on October 19.

The Anderson County Operations Committee meets at 6 p.m. Monday, October 12, in Room 312 of the Anderson County Courthouse in Clinton. The Committee is expected to forward a recommendation on the amended economic impact plan to the Anderson County Commission for its October 19 meeting. [Read more…]