Two recent appraisals cut the Bangor Mall’s value significantly, increasing pressure on new management to pump up revenue by filling empty stores and resigning two of the four anchor tenants, which have leases that expire within 18 months. The city of Bangor reduced the value of the mall’s leasable space by 22 percent for fiscal 2019, which started July 1, 2018.

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Sections:  u.s.   
Topics:  Maine   Penobscot County   Bangor   
BING NEWS:
  • The Weekly Dirt: South Florida developers go shopping at the mall
    Commercial: Michael Stern’s JDS Development Group paid $61.2 million for the half-acre development site at 888 Brickell Avenue in Miami, where the firm plans a Dolce & Gabbana condo-hotel tower. Grupo ...
    04/28/2024 - 6:00 am | View Link
  • Boulevard Mall closes nearly all indoor shops, concourse by end of April
    On Niagara Falls Boulevard in Amherst rests the Boulevard Mall. One of several Western New York malls once filled with life, people and plenty of local businesses, now on the verge of ceasing to exist ...
    04/25/2024 - 9:15 pm | View Link
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