$699,000 Last Sold Price. Therefore, although the center has been auctioned, the property is not closing; it will remain fully operational, and no change in management is anticipated. The purchase price was $74 million. Owners of the $44.8 million bankruptcy note submitted the winning and only bid of $100,000. Report problem with listing. The facility offers services in emergency care, primary stroke center, orthopedics and the only . Charlotte is a rapidly growing area that provides a wide range of opportunities for people seeking to live in a cost-effective city. Port Charlotte Town Center operates EXTENDED opening hours on Black Friday and REDUCED hours on Christmas Eve, New Year's Eve, New Year's Day. where as a lot of the malls up north are closing down with Tenants moving out, and. I would say theyll take four to six months to market it to national investors, Gammon said. Port Charlotte Mall, Port Charlotte: See 17 reviews, articles, and 2 photos of Port Charlotte Mall, ranked No.6 on Tripadvisor among 15 attractions in Port Charlotte. Guest service is a top priority at Port Charlotte Town Center. Turn left onto Tamiami Trail/FL-41 N. Turn right at the first cross street onto Town Center Blvd. $405,100. T-Mobile offers mobile phone and mobile internet service, including text messages (SMS) and voice mail, to individuals and businesses. before converting to Macy's in 2005. However, a spokesperson for Washington Prime Group told us the company doesnt comment on, market rumors, and wouldnt elaborate further. PORT CHARLOTTE Changes are coming to the popular Promenades at Parkside shopping center to attract a younger crowd. Neighborhood stats provided by third party data sources. This is more an adult mall . The mall was originally built in the early 1980s and was a major destination for shopping and entertainment in the area. Port Charlotte, FL Shopping The Best 10 Shopping near me in Port Charlotte, Florida Sort:Recommended 1. Designed by Elegant Themes | Powered by WordPress, The Unsettling Reality Of Fitting Room Cameras In Malls, The Daraz Mall: A Popular Shopping Destination In The Heart Of The City, Different Ways To Get To Ontario Mills Mall, Yorkdale Shopping Centre: Torontos Premier Retail Destination, Is Your Shop In A Mall Profitable? There are many restaurants to choose from at the Port Charlotte Mall. Rich Malpedo, whove lived in Port Charlotte for 41 years, said he was at the malls grand opening in 1989. The Port Charlotte Town Center is a shopping center located in Port Charlotte, Florida, off of U.S. 41 and Murdock Circle. Its time for the Florida Winter Garden and the Florida Winter Haven. The areas top boating and fishing news will be delivered to you email every Thursday morning. 21254 Peachland Blvd, Port Charlotte, FL 33954. Port Charlotte mall owner files for bankruptcy Pandemic cited as factor By NANCY J. SEMON STAFF WRITER Jun 14, 2021 Updated Jul 20, 2022 0 Business at the Port Charlotte Town Center mall has been slammed by both the pandemic and shoppers preferring to purchase their items online. The next few days will bring a few clouds. Port Charlotte Town Center. Dont miss out on great deals every day, such as free shipping, exclusive rebates, and incredible deals. I come here fairly often, said North Port resident Dominik Smith. High temperatures will climb into the 80s and low 90s under mostly sunny skies. The only bidders who showed up to Mondays foreclosure auction were thebondholders. We intend to continue business as usual at Washington Prime Groups properties, where our tenants, sponsors and employees will continue operating as normal, with a focus on providing safe and enjoyable experiences for our guests. Port Charlotte is the county seat of Charlotte County and is located on Floridas northeast coast. The businesses are still open. The new owner plans to make some changes to the mall, including adding new stores and restaurants. Port Charlotte is a great place to retire due to its low cost of living, as well as its numerous desirable amenities. $636 . The store in Northlake Mall was open for business in the morning, before staff were told that the location would be closing immediately, people with knowledge of the matter told Bloomberg. Located in Port Charlott See more A fully enclosed shopping destination, Port Charlotte Town Center is the perfect place to stop on warm or rainy Florida days. Email melissacrypto253@gmail.com. racist or sexually-oriented language. Firefighters are battling several brush fires in Charlotte County; the one off McCall Road threatens several buildings, including a church. There is a slight chance of showers and thunderstorms after a brief period of cloudy conditions. Karen Leggo said she has been coming to the mall for 18 years and would not want to see it go. Instead of the debt, they now own the property., The mall will continue operating as usual. Your purchase was successful, and you are now logged in. Document Processing . We won't share it with anyone else. Check out our Physician needs in the neighboring town of Punta Gorda! These include Aeropostale, American Eagle Outfitters, and Hollister Co. Yellow means low concentrations, orange is medium, and red is high. Est. But some people are wondering: how quickly will it happen? Submitting this form below will send a message to your email with a link to change your password. Pandemic fears drove many more to shop online. This is more an adult mall . Give Light and the People Will Find Their Own Way. The group secured $100 million in new funding to support its day-to-day operations so it can continue in the ordinary course without interruption.. When did Macys close its doors in Port Charlotte, Florida? 1. We intend to continue business as usual at Washington Prime Groups properties, where our tenants, sponsors and employees will continue operating as normal, with a focus on providing safe and enjoyable experiences for our guests. The city is located in the province of Alachua. What'sapp. Changing retail trends because of online shopping behemoths like Amazon have disrupted malls across the country. Keep it Clean. Instead of going through the hassle of collecting debt, they now own the land. Telephone: 941 625 5127 Promenades Mall GPS Coordinates: 26.984799, -82.099092 This mall is: Mall Number of stores and outlet stores: 18 According to the Bureau of Labor Statistics, the citys median household income was $55,680, which was lower than the states $71,061 and the nationals $53,657. PC Mall LLC now owns the property and is owned by a group of bondholders. Everything is probably within a. As previously announced, Washington Prime Groups board of directors has engaged advisors to explore strategic alternatives in order to strengthen the companys balance sheet. Each downtown has its own page in the directory, where merchants can offer discounts. FORT MYERS, Fla. Washington Prime Group, a major mall owner of more than 100 locations in the United States, filed for bankruptcy, citing pandemic-related shutdowns. In addition to Old Navy (which opened in 1999) and DSW Shoes Warehouse, the mall has several other small retailers. 12:00 PM - 6:00 PM. They basically exchanged the debt on the property for the ownership of the property, Gammon said. Construction was done in two phases. Its median household income of $52,908 places it among the states cheapest places to live. A lot of the malls are struggling right now.. or anything. Port Charlotte Mall was hit by Hurricane Ian on September 10, 2004. The mall will also be getting a new name: The Shoppes at Port Charlotte. The local newspaper also reports it has a vacancy rate of almost 30%, and Apple's departure is unlikely to help. "We believe it is prudent to simultaneously put the remainder of the stores into liquidation to maximize value of inventory for the estate while pursuing options . Success! Under the Starbucks rewards program, every dollar you spend at a location gives you points (stars, as the program refers to them) that count toward a free drink. They are still vacant; the remaining anchors are JCPenney, Dillards, Bealls and Regal Cinemas. The Port Charlotte Mall was bought by a group of investors in 2006. The Northlake Mall Apple store's website says it is "temporarily closed" at the top. Most striking is Regal 16 Cinemas temporary closing. The Bealls Store at Port Charlotte Town Ctr Mall in Port Charlotte is your source for casual lifestyle clothing, shoes and coastal home dcor. WPG owns 10 Florida shopping malls, including the Edison Mall in Fort Myers. The hurricane caused significant damage to the mall, including the roof being torn off and the windows being blown out. The wind is expected to blow between 10 and 15 miles per hour. T-Mobile Port Charlotte. Port Charlotte Town Center mall owner Washington Prime Group was mum Tuesday amid published reports that the real estate investment trust was on the verge of a potential bankruptcy filing. PORT CHARLOTTE, Fla. The Port Charlotte Town Center has sold at auction. He says the mall will continue with its day-to-day operations for a "long time" to come as the owner considers ways to further develop the property. Restaurant and department store hours may vary. Bond holders owe $44.8 million to the bankrupt Port Charlotte Town Center mall now own the vast majority of the facility after raising their winning bid of $100,100. The bondholders could take the title and put new stores in the places currently closed, or turn the whole place into something new. These include Bath & Body Works, Claires, and Victorias Secret. Share with Us. PORT CHARLOTTE The Promenades Mall owner submitted a redevelopment plan with 1,100 apartments, office and retail space all mixed together adjacent to the Charlotte County's hospital hub. Washington Prime Group, the previous owner, filed for Chapter 11 bankruptcy in June 2021. For this mall to go out is really a shame, Paolicelli said. An Apple store in Charlotte, North Carolina saw its doors closed permanently on Wednesday, following three nearby shootings in three months, Bloomberg reported. Gammon commented itll be a long while before any major changes are made because of existing long-term leases at places like JCPenney and Regal movie theater, plus Dillards and Bealls arent going anywhere. The Dry Dock Waterfront Grill, located in the Dry Dock Marina, is a polished casual restaurant that looks out over Sarasota Bay. Homes similar to 2707 Auburn Blvd are listed between $125K to $999K at an average of $240 per square foot. 1441 Tamiami Trl, Port Charlotte, FL 33948-1098 Open today: 10:00 AM - 9:00 PM Save J363W Saarbrucken, Germany 80 68 Some stores are closed Review of Port Charlotte Mall Reviewed June 23, 2019 via mobile The mal is spacious but a lot of sores are closed, even SEARS is not open anymore. Alexander Lindsay, a millennial, said if the mall ever did close, he would shop online. Charlotte County's Economic Development Director says the winning bidder was the financial group that held the debt on the property. The town is home to a number of small businesses and restaurants, as well as a few larger businesses. People are hopeful the mall can bounce back to protect hundreds of jobs and a staple in Port Charlotte. A fish kill is filling up the water in Southwest Florida. At the time of the spinoff, the company had interests in 98 shopping centers. A statement reads: "In preparation for a new store we plan to open in the Charlotte area early next year, we will be permanently closing Wednesday, March 1st at 4pm.". Local public notices delivered daily to your email account. Its a shame because we really dont have any malls close by. It has over 150 stores and restaurants, as well as a movie theater. The COVID-19 pandemic has created significant challenges for many consumer-facing companies, including Washington Prime Group. Owner Financing is available with no credit check! Here are the first of the locations GNC plans to close, arranged alphabetically by state: Alabama: Quintard Mall, 700.