Posted February 7, 200520 yr Tri-County has been looking for a buyer, and now so is Northgate. From the 2/7/05 Cincinnati Business Courier: 132-store Northgate Mall reportedly looks for suitors Industry sources say sale could fetch up to $110M Lisa Biank Fasig Courier Staff Reporter The owner of Northgate Mall is seeking a buyer and might get as much as $110 million for the 132-store center, industry observers said. The 1.17 million-square-foot mall is owned by David Hocker & Associates Inc., an Owensboro, Ky., private investment group with 2003 sales of $32 million (most recent available). Sources at Hocker could not be reached, but Jerry Weller, general manager of Northgate, said the owner is exploring all possibilities... © 2005 American City Business Journals Inc. http://cincinnati.bizjournals.com/cincinnati/stories/2005/02/07/story5.html
May 3, 200520 yr The mall has been sold and will undergo some changes...from the 5/2/05 Cincinnati Business Courier: Northgate Mall sold for $110M Lisa Biank Fasig Courier Staff Reporter A newly formed Arizona investment group has agreed to buy Northgate Mall for $110 million and plans to add entertainment anchors and restaurants to the Colerain Township center. The Courier first reported in February that the 1.17-million-square-foot mall was put on the market by David Hocker & Associates Inc., a Owensboro, Ky. private investment group. The buyer is Feldman Mall Properties Inc. (NYSE:FMP), a newly formed real estate investment trust based. The deal includes the assumption of the existing $79.6 million mortgage loan plus $30.4 million in cash... © 2005 American City Business Journals Inc. http://www.bizjournals.com/cincinnati/stories/2005/05/02/daily11.html
May 5, 200520 yr From the 5/5/05 Cincinnati Post: Northgate buyer plans to spend millions to add excitement By Alexander Coolidge Post staff reporter The new buyer of Northgate Mall wants to spend at least $20 million to spruce up one of the region's oldest indoor shopping centers, bring in new tenants and boost customer traffic. Larry Feldman, chief executive of buyer Feldman Mall Properties, said his Long Island firm specializes in turning around lagging malls, and he sees big potential at Northgate... http://news.cincypost.com/apps/pbcs.dll/article?AID=/20050505/BIZ/505050336/1001/RSS04
July 13, 200519 yr From the 7/13/05 Cincinnati Post: Northgate Mall owner plans makeover By Alexander Coolidge Post staff reporter The new owner of the Northgate Mall said he plans to make over his latest prize into something of a West Side Kenwood Towne Centre. Feldman Mall Properties closed on its $110 million purchase of the Colerain shopping center Tuesday, and Larry Feldman said he will add an outdoor "streetscape" to the mall to bolster its appeal - a tactic used by several old-line malls across the country, including Kenwood... http://news.cincypost.com/apps/pbcs.dll/article?AID=/20050713/BIZ/507130340/1001/RSS04
July 14, 200519 yr From the 7/14/05 Enquirer: Mall to get fresh new look Northgate's new owner sees 'Class A' future By Mike Boyer Enquirer staff writer The new owner of Northgate Mall plans to spend more than $20 million to reinvigorate the Colerain Township center with casual dining establishments, upscale shops and a more accessible "streetscape" by 2007. Larry Feldman, chairman and CEO of Feldman Mall Properties, which completed its planned $110 million purchase of the 33-year-old mall Tuesday, said he wants to transform it "into a more dynamic and exciting place with better quality and upscale retailers."... E-mail [email protected] http://news.enquirer.com/apps/pbcs.dll/article?AID=/20050714/BIZ01/507140312/1076/rss01
September 26, 200519 yr From the 9/22/05 Cincinnati Post: PHOTO: The unconventional billboard advertising Northgate Mall towers over busy Colerain Avenue near the entrance to the mall. MELVIN GRIER/The Post West side values By Greg Paeth Post staff reporter Cornhole. Goetta. Northgate. That billboard message, on busy Colerain Avenue near the entrance to Northgate Mall, may be a bit baffling to a visitor to Cincinnati's West Side, but it's meant for the mall's core audience... About Northgate Mall: Built: 1972. Owner: Feldman Mall Properties, Great Neck, N.Y. Anchors: Dillard's, JCPenney, Sears and Macy's. Space: 1.1 million square feet.[/color] http://news.cincypost.com/apps/pbcs.dll/article?AID=/20050922/BIZ/509220332/1001
October 24, 200519 yr From the 10/24/05 Cincinnati Business Courier: 'Streetscape' upgrade set by Northgate Mall owner Plan for addition to include cinema, more restaurants Lisa Biank Fasig Staff Reporter The owner of Northgate Mall will invest more than $25 million to build an outdoor "streetscape" addition that will feature several restaurants and entertainment venues. Larry Feldman, whose Phoenix-based Feldman Mall Properties acquired Northgate in May for $110 million, said he expects to begin construction in late winter to early spring, and complete it by 2007. The outdoor addition will span the mall between Macy's and Dillard's, facing the corner of Colerain Avenue and Springdale Road... © 2005 American City Business Journals Inc. http://www.bizjournals.com/cincinnati/stories/2005/10/24/story6.html?from_rss=1
October 24, 200519 yr >The developer also plans to upgrade the 23-year-old mall's interior and lighting, furnishing it with several seating areas that Feldman describes as "a series of living rooms that would be similar to a living room in an upscale home," with couches and lamps and plasma screen televisions. Bring back the blue astroturf conversation pits!
October 25, 200519 yr I can't see that fitting on Colerain Avenue. Wish they'd tear Northgate down so Cincy Mills and Tri-County could survive. Right now Northgate is a dumb.
October 25, 200519 yr ^ What are you talking about? Tri-County is doing fine and Cincinnati Mills isn't the same kind of mall as Northgate. It's more of an outlet mall. jake...I remember those conversation pits....
October 25, 200519 yr I know they are different kinds, but I there seems to be over saturation on the 275 loop. Why are you objecting to a mall demoishion, especially when its the closest one to you, oh, maybe I answered my question.
October 25, 200519 yr While I don't really like malls, neither mall (Northgate or Tri-County) is doing poorly. Both have new owners with big ideas and thus they feel the need to keep up by doing these projects. Whether they fail or not, I don't care. But I don't support tearing down Northgate Mall just for the hell of it. It is one of the main economic engines for the township and kind of the de facto "center". In fact, many people will tell you they're from "Northgate" rather than Colerain Twp. $20 million really isn't going to alter the mall that much. The re-do will probably make it look a lot like what Kenwood Towne Center's done.
October 25, 200519 yr I always thought Rumpke was the biggest economic engine. There name is plastered over all if the "Welcome to Colerain Township" signs, LOL. The whole Colerain corridor needs works, its like route 4 through Fairfield and Hamilton.
October 25, 200519 yr I said "one of the main economic engines", not "the number one economic engine".
October 26, 200519 yr The whole Colerain corridor needs works, its like route 4 through Fairfield and Hamilton. What do you mean by this statement? Over the last five years there have been many projects done to alleviate problems with Colerain Avenue. Timings were adjusted and signals were coordinated. Prememption Systems keep EMS responses moving. The "Suicide Lane" from Galbraith Road through 275 was eliminated, and in its place turn lanes and a concrete median govern where people can and cannot turn. Right turn lanes were added in stategic places to increase the safety of the intersection. While there has been no widening of the through lanes, there have been great strides to make driving on Colerain a less painful experience, and as someone who has experienced the before and after, it is very noticable. Traffic on Colerain actually flows nowadays, and the improvements completed on this road could very well be used on other arterials that are suffering congestion, while at the same time not completely widening the road in a very developed area. On the topic of Northgate Mall, a streetscape will be an interesting venture, and I can't wait to see what type of tenants they bring in to fill this Upgrade. I just hope that Feldman Properties does not hold the same views about their West Side clientel as Hal Silverman and Co. had when they devised Legacy Place.
October 26, 200519 yr ^I'm not talking about the traffic flow. The traffic has improved a little through there. I am talking about the depressing rows of old commerce and, well I guess you could call it, sprawl. Most cities (and mega townships) have it, but its so much on top of each other on Colerain. If the stretch won't so long, I would suggest a streetscape, but the township can't even afford mast poles. On the subject of Colerain, the Wal-mart they painted cream there is just hilarious. They can't hide the outdated 1995 exterior with a coat of paint. I wonder why its not a Supercenter.
October 26, 200519 yr I would suggest a streetscape, but the township can't even afford mast poles. On the subject of Colerain, the Wal-mart they painted cream there is just hilarious. They can't hide the outdated 1995 exterior with a coat of paint. I wonder why its not a Supercenter. I don't think a streetscape would ever work on Colerain, it is too much of a hodgepodge of Development. As for the Wal-Mart, I haven't driven past the Wal-Mart in the Colerain Town Center (near 275), but the reason it is not a supercenter is because a Supercenter is going in on Colerain near Cross-County, and they intend on closing the one near 275.
October 27, 200519 yr About the best thing Colerain can do is to legislate landscape, signage, and building requirements into their zoning, which they have done. Colerain Ave. isn't a very pretty stretch, but it looks a hell of a lot better there than it did even 5 years ago. Still, I try to avoid it as much as possible.
February 16, 200619 yr From the 2/15/06 Enquirer: PHOTO: Northgate Mall employees Kathy Mushaben (center) and Sarah Wilburn gift-wrap presents for Gene Gross of Middletown as he shops for his wife Tuesday. A $40 million mall renovation includes the addition of a 14- to 16-screen theater. The Enquirer/Glenn Hartong $40M redo for Northgate Mall tries to appeal to nearby higher-income residents BY CLIFF RADEL | ENQUIRER STAFF WRITER COLERAIN TWP. - Northgate Mall is set for an extreme makeover. Starting in April, the 34-year-old mall will receive a $40 million face-lift. Slated to be completed by Christmas 2007, the makeover includes a new skin covering the mall's entire facade and a 14- to 16-screen cinema - with stadium seating - implanted into its southern extremes... http://news.enquirer.com/apps/pbcs.dll/article?AID=/20060215/BIZ01/602150333/1076/rss01
October 25, 200618 yr Does anyone have any updates? Any design plan pictures or anything. I work at the NG mall and have noticed very little being done. The have updated some ceiling tiles in front of JC Penny, but other than that, I haven't noticed much work. Any updates would be great. And I think the conversation about the appearance of colerain ave is a legitimate one. I drive along Colerain every day I work from I-74 to the mall. As soon as you pass Galbraith, you notice the hideous and sometimes out dated signage. Ugly building and storefronts that dont share parking lots. Every store along the ave. has its own lot SEPERATED from the surrounding ones. I think it would help immensely with traffic flow if the parking lots were connected plaza style. All of the signage needs to be updated and consistant. And Colerain Twp needs to do something like what Fairfield did with street signs and signals. That would help with the general appearance of the ave. And the plaza style parking lots (behind the buildings even) would help eleviate SOME traffic even more than already has been done.
October 25, 200618 yr >"The county is losing people and businesses. To retain both, we need reasons for them to stay. Or they could just re-illegalize abortion and ban birth control pills.
December 29, 200618 yr From the 11/15/06 Enquirer: Penney's plans not deterring Northgate Mall BY MIKE BOYER | ENQUIRER STAFF WRITER The owners of Northgate Mall in Colerain Township are nearing completion of the first phase of their up-to-$40-million renovation and are moving forward on the next phase, even if it doesn't include anchor J.C. Penney... E-mail [email protected] http://news.enquirer.com/apps/pbcs.dll/article?AID=/20061115/BIZ01/611150334/1076/BIZ
December 29, 200618 yr From the 11/29/06 Northwest Press: Gateway considered BY JENNIE KEY | COMMUNITY PRESS EDITOR Colerain Township officials are gathering information to decide whether to build a gateway to the community near Northgate Mall using tax increment finance dollars. Frank Birkenhauer, economic development director for Colerain Township, said the township is talking with the owners of the former BP Procare facility that operated at Colerain Avenue and Springdale Road. Birkenhauer said the township is concerned about how the prominent corner is developed... [email protected] 923-3111, extension 233 http://news.communitypress.com/apps/pbcs.dll/article?AID=/20061129/NEWS01/611290358/1071/Local
December 29, 200618 yr From the 12/17/06 Enquirer: Mini-park proposal defeated by one vote THE ENQUIRER One door has slammed on Colerain Township's proposed gateway project; another remains open. One trustee's vote defeated a proposal this week to buy - via a tax-increment financing mechanism - and build a $2.5 million gateway mini-park with a 50-foot clock tower and water feature... http://news.enquirer.com/apps/pbcs.dll/article?AID=/20061217/NEWS01/612170391/1056/COL02
December 31, 200618 yr Another "gateway to the community"? Something should be put in on the corner of Springdale and Colerain there but I think a clock tower is a pretty stupid idea. Another worthless thing to spend money on. I thought the huge people bridge crossing Colerain (connecting Northgate parking lot...and, uh...Blockbuster and a couple other businesses with their own parking lot) was supposed to be the "gateway". BTW, I hardly ever see anyone on that bridge. I actually used it once myself to cross from Gamestop to Northgate Mall and I couldn't help but thinking what a waste of time it was. I should have just drove across the street.
February 21, 200718 yr From the 12/29/06 Northwest Press: Colerain approves town square project BY JENNIE KEY | COMMUNITY PRESS EDITOR A deal to buy a half-acre parcel at Colerain Avenue and Springdale Road for a town square project was revived last week, when Northgate Mall officials agreed to pay the $800,000 cost for the property and give it to Colerain Township. Township officials wanted to acquire the former BP ProCare property, now closed and boarded up, to insure its development would enhance the commercial area of the township. They said the corner was a critical and central location and it was important to insure the parcel would be an asset to the area... [email protected] 923-3111, extension 233 http://news.communitypress.com/apps/pbcs.dll/article?AID=/20061229/NEWS01/612290371/1071/Local
February 21, 200718 yr From the 1/4/07 Enquirer: Park seen as big improvement Colerain corner now holds an abandoned gas station BY CLIFF RADEL | [email protected] COLERAIN TOWNSHIP - Two million dollars and change can go a long way toward turning an eyesore into an icon. Township trustees and Northgate Mall officials have embarked on a joint venture to spend as much as $2.3 million to transform a boarded-up gas station near the mall's front door into a community centerpiece... http://news.enquirer.com/apps/pbcs.dll/article?AID=/20070104/NEWS01/701040344/1056/COL02
October 10, 200717 yr Northgate to get 14-screen digital theater October 10, 2007 | CINCINNATI BUSINESS COURIER COLERAIN TWP. - The owner of Northgate Mall has made good on a promise to attract a new entertainment venue to the mall. Feldman Mall Properties said Monday that it has signed with Rave Digital Media/Rave Motion Pictures to create a 14-screen, all-digital theater at Northgate. It is expected to open in 2008. The theater will have about 2,850 seats, surround sound and digital projection, according to a news release...
October 10, 200717 yr Colerain Ave is blowing up on the west end! Has anyone seen all of the new shopping centers popping up?
October 10, 200717 yr ^ It sucks. Ugh. Traffic is getting worse and worse every day. It shouldn't take me 30 minutes to get from Covedale to Northgate (Guerly>Glenway>Boudinot>Harrison>North Bend>Cheviot>Poole>Colerain).
October 10, 200717 yr ^ It sucks. Ugh. Traffic is getting worse and worse every day. It shouldn't take me 30 minutes to get from Covedale to Northgate (Guerly>Glenway>Boudinot>Harrison>North Bend>Cheviot>Poole>Colerain). Fact.
October 11, 200717 yr From the 11/15/06 Enquirer: Penney's plans not deterring Northgate Mall BY MIKE BOYER | ENQUIRER STAFF WRITER The owners of Northgate Mall in Colerain Township are nearing completion of the first phase of their up-to-$40-million renovation and are moving forward on the next phase, even if it doesn't include anchor J.C. Penney... How many square feet is this mall?
October 11, 200717 yr ^ I think 1.1 million square feet. But that article wasn't very clear. :D Neville, I couldn't agree with you more. It's just a pain to get around practically anywhere in Colerain and Green townships.
December 12, 200717 yr Northgate Mall drops financing plan for streetscape December 12, 2007 | CINCINNATI BUSINESS COURIER COLERAIN TWP. - A planned streetscape addition to Northgate Mall won't receive any public funding after the center's owners dropped negotiations for a tax-increment financing (TIF) agreement. The mall and its owner, Feldman Mall Properties, said Wednesday that it won't move forward with the $4.8 million TIF service agreement it was discussing with Colerain Township. They cited public statements by a township trustee that convinced them it would difficult to come to an agreement on the details of the project...
December 17, 200717 yr I don't think the trustee would have made it difficult to put the TIF together. He just didn't want your banal idea.
February 1, 200817 yr Northgate Mall begins making way for Rave cinema New retailers also planned for $40M-plus renovation BY LISA BIANK FASIG | CINCINNATI BUSINESS COURIER February 1, 2008 COLERAIN TWP. - The owner of Northgate Mall has begun demolition of the former J.C. Penney store and is on plan to soon turn the space over to the Rave Motion Picture Theaters, two months after walking away from $4.8 million in public funding for parts of the center. Feldman Mall Properties is expected to hand the property over to Rave by the end of March, at which point the cinema company will begin construction of a 14-screen theater. Feldman also is in conversations with 10 potential tenants, both retailers and restaurants, for the mall..
August 11, 200816 yr Northgate plans still uncertain By Jennie Key • [email protected] • August 6, 2008 http://communitypress.cincinnati.com/apps/pbcs.dll/article?AID=/C2/20080806/NEWS/808060390/
August 12, 200816 yr Northgate Mall is dead. Let it die along with Cincinnati Mills. The Colerain Avenue divide doesn't lend itself well for something great along Colerain Avenue. Sort of sad... a Mills Mall that is doing well is actually nice, at least from what I've seen of Arundel Mills. /Aside
August 12, 200816 yr Whoa, Rave pulled out? I drove by this for the first time last week and I thought it was terribly depressing. Especially in light of Stone Creek just down the street. I should go there in a few days for photographs.
September 9, 200816 yr Northgate Mall owner operating at loss http://cincinnati.bizjournals.com/cincinnati/stories/2008/09/08/daily9.html Financial problems continue to mount for Feldman Mall Properties, which counts Northgate Mall among its holdings. If Feldman can’t raise more money or refinance its debt, it won’t be able to pay for operations by the fourth quarter of this year and may have to file for bankruptcy protection, according to a Sept. 5 filing with the U.S. Securities and Exchange Commission...
November 17, 200816 yr Not exactly about the Northgate Mall upgrade, but something I thought was close and something I though buildingcincinnati would enjoy... No fountain, no clock; got better ideas? http://news.cincinnati.com/article/20081116/NEWS01/811160392/1168/NEWS The funding for the clock tower and fountain dried up one year ago, but dreams of a Colerain Township gateway are being revisited. Jeff Ritter, township trustee president, hopes an idea for a "trickle in" tax-increment financing district with Northgate Mall will give new life to the proposed project on old BP property at Colerain Avenue and Springdale Road... Colerain trustees are scheduled to discuss the TIF district at Tuesday's meeting.
November 17, 200816 yr Not exactly about the Northgate Mall upgrade, but something I thought was close and something I though buildingcincinnati would enjoy... LOL! <sarcasm> Now Colerain Township will have trouble educating the children and attracting new residents without the clock tower! </sarcasm>
November 17, 200816 yr if only they would have gotten that clock tower. we could be eating at a cheeseburger in paradise at northgate right now...
November 23, 200816 yr Northgate TIF gets another life By Jennie Key, Community Press, November 22, 2008 The Colerain Township Board of Trustees took another shot at setting up a tax increment finance district to benefit Northgate Mall at its meeting Nov. 18 board meeting. Tax increment financing diverts income on improvements to property from the regular recipients, such as county and school district coffers, and instead collects that money to fund public improvements in the area...
January 29, 200916 yr Sale of Northgate Mall falls through Business Courier of Cincinnati http://cincinnati.bizjournals.com/cincinnati/stories/2009/01/26/daily28.html?surround=lfn The owner of Northgate Mall said it will have to find another buyer for the property. Feldman Mall Properties Inc. (Pink Sheets: FMLP) disclosed that Chicago-based Inland American Real Estate Trust has pulled out of its planned acquisition of Northgate, as well as the purchase of two other Feldman properties...
March 3, 200916 yr The renovation has been complete for a little while now. The future of the mall remains in serious doubt though.
April 6, 200916 yr The renovation has been complete for a little while now. The future of the mall remains in serious doubt though. Complete.??. Even with that big ole gaping whole where JC Pennys use to be.?.
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