"We have a vested interest in the revenue stream, and we need to make sure we secure that again. After being on the market for more than a year, the Lycoming Mall has been sold. Thank you and we look forward to seeing you here at Lycoming Mall! MUNCY TOWNSHIP, Pa. — The Lycoming Mall could be auctioned to the highest bidder in a sheriff’s sale next month. PREIT sold Lycoming Mall to Kohan for $26.35 million in March 2016, who owns it under the name Lycoming Mall Realty Holding. 4773 Lycoming Mall Dr, Montoursville, PA 17754 is a 4 bedroom, 2 bathroom, 2,620 sqft single-family home built in 1930. Other stores include Books-A-Million, Dick's Sporting Goods, and Old Navy. 2008 Class A tilt-up construction. Chapel Hill Mall was purchased in July 2016 by Kohan for $8.6 million. Lycoming Mall is a shopping mall located twelve miles east of Williamsport, Pennsylvania off Route 220 and I-180. This month, the water and sewer authority took out a sheriff's sale against the owner of the Lycoming Mall where the mall could be sold to the highest bidder. In the past, she's helped set up a payment plan with the owner of the Lycoming Mall, but the executive director of Lycoming County Water Sewer Authority Christine Weigle says the Lycoming Mall still owes thousands of dollars in unpaid bills. From an economic revenue standpoint, we would hope that the mall owners and the mall stores are doing very well," said Weigle. MUNCY TOWNSHIP -- The Lycoming Mall has been sold for about $26 million. As long as payments keep coming in, employees over at the water sewer authority tell us they will be happy to cancel the scheduled sheriff's sale before next month. Lycoming Mall - WikiMili, The Free Encyclopedia - WikiMili, The Free The former Macy's was sold for over $500,000 to MC Storage Lycoming LLC, and it will be changed into storage. The mall lost power in late August 2018 due to owner not paying its PPL electric bill, but reopened the next day. Notifications can be turned off anytime in the browser settings. Mike Kohan, of Kohan Retail Investment Group, confirmed Tuesday his purchase of the mall near Pennsdale for $26.35 million. [21], The mall was sold to Kohan Retail Investment Group for $26.35 million on March 22, 2016, who owns it under the name Lycoming Mall Realty Holding. Lycoming Mall being owned by Kohan is basically a death sentence based upon the histories of other malls they had/have such as Berkshire Mall in Massachusetts, Lincoln Mall in Illinois, Mayberry Mall, and Rotterdam Square Mall. View 7 photos for 1348 Lycoming Mall Rd, Pennsdale, PA 17756 a 3 bed, 3 bath, 2,984 Sq. Macy's was independently owned and sold to MC Storage, who will be converting it to storage. Browse Dining Options. In August, the power at the mall was turned off. Other stores include Books-A-Million, Dick's Sporting Goods, and Old Navy. [1][8][12], Plans for Lycoming Mall were announced in 1975, with 674,000 sq. Bon-Ton closed due to the chains liquidation. [7] Plans included a $4.7 million expansion in 1985 that added 115,800 sq. The team has been exclusively marketing the two buildings on behalf of the seller, S. Balolia Holdings, LLC. ft. and a Bon-Ton to the mall. On Monday, the water-sewer authority received a partial payment for the unpaid bills. [29] Lycoming Mall's owners are appealing its tax assessment of $44.89 million. ESFR sprinklers. Lycoming Mall initially was going to reopen on May 8 when Lycoming County was moved into the yellow reopening phase. 36’ clear ceiling heights. The mall lost power in late August 2018 due to owner not paying its PPL electric bill, but reopened the next day. The Orchards Mall, purchased in 2014, was sold to Durga LLC in late 2018. "It's in our interest to see the mall succeed and to flourish. Store owners warned power could be shut off next week for nonpayment of electric bills", "No tax payments, no lights, no stores and no plan to make it better: Berkshire Mall owner Mike Kohan has frustrated towns all over the country", "150 Tons And Rusty - Just Your Basic Art", https://en.wikipedia.org/w/index.php?title=Lycoming_Mall&oldid=984872278, Buildings and structures in Lycoming County, Pennsylvania, Tourist attractions in Lycoming County, Pennsylvania, Creative Commons Attribution-ShareAlike License, This page was last edited on 22 October 2020, at 16:25. We're not talking hundreds of dollars, but thousands of dollars. PPL said it was not an equipment problem but would not comment any further. The current Trulia Estimate for 4773 Lycoming Mall Dr is $205,379. [14] J. C. Penney moved from downtown Williamsport to the mall in the late 1980s. "Back and forth again, we recognize it's challenging for malls to be economically viable right now.". Check Movie Times. MUNCY TOWNSHIP, Pa. -- The Lycoming Mall could be auctioned to the highest bidder in a sheriff's sale next month. Lycoming Mall in Pennsdale, Pa., is anchored by JC Penney, Sears, Bon-Ton and Macy’s. The former Macy's was sold for over $500,000 to MC Storage Lycoming LLC, and it will be changed into storage. ft. of space and Gee Bee, Hess's, and Sears as anchors. Lycoming Mall's owners are appealing its tax assessment of $44.89 million. Contact Us (570) 546-6879 300 Lycoming Mall Circle Pennsdale, PA 17756. PROPERTY FEATURES. [37] The auction did not occur due to a partial payment by Kohan. Ft. farms/ranches built in 1953 that sold on 11/26/2019. Gas-fired suspended heaters. However, Governor Tom Wolf’s office clarified the day prior that malls are considered indoor recreation and were not permitted to reopen until their counties were moved into the green phase. Lycoming Mall is a shopping mall located twelve miles east of Williamsport, Pennsylvania off Route 220 and I-180. The arch was purchased by board members from Hess's and Crown American, with its dedication being in November 1978. ", Newswatch 16 spoke to Mike Kohan, the owner of the Lycoming Mall. "There is still a significant amount owed. Since that time, PREIT has sold interests in 16 properties for more than $420 million, including the Nittany Mall near State College. The new owners are already looking to make some changes. "This has been going on for almost a whole year," said Christine Weigle, executive director of LCWSA. This month, the water and sewer authority took out a sheriff's sale against the owner of the Lycoming Mall where the mall could be sold to the highest bidder. Shop New Styles Connect to Stores. The last course of action would be a sheriff's sale.". MUNCY TOWNSHIP — The Lycoming Mall has been sold for about $26 million. If the mall works to pay back the money owed, the authority says it will cancel the sale that is scheduled for February 1. It is named after Israel Hadany, who designed it in 1977. PREIT may also be entitled to $3.5 million of additional consideration for these malls if certain conditions are met in future years. After being on the market for more than a year, the Lycoming Mall has been sold. This property is not currently available for sale. [4][5][6] Macy's closed in March 2017, and owned its anchor store. The deal was finalized March 22. [38][39], The mall is noted for the 90-foot-high, 55-foot-wide, 140 ton steel sculpture known as the Hadany Arch. Fewer travelers this Thanksgiving amid pandemic, Monroe County Meals on Wheels gears up for annual gift drive, Last lunar eclipse of 2020 to unfold before daybreak on Monday, (11-0) Southern Columbia vs (10-0) Wilmington Area In Saturday's "2A" State Championship Football Game, Traditional Turkey Bowl contested in Wilkes-Barre, Trump says he'll leave White House if Electoral College seats Biden, promises Georgia rally. During this time, an independent attempt to build a second area mall in downtown failed. At this point, tenants should not worry about water being turned off. Staunton Mall was sold for $4.5 million in March 2014. According to the Lycoming County Water and Sewer Authority, the mall owes thousands in unpaid water and sewer bills.

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