Nebraska company buys Conestoga Mall
GRAND ISLAND, Neb. (KSNB) - The deal is done.
Woodsonia Real Estate of Elkhorn had closed on a deal to buy the Conestoga Mall in north Grand Island Friday, according to Hall County Regional Planning Director Chab Nabity.
Woodsonia bought the mall from Namdar Realty Group out of New York, the former owners of the Imperial Mall in Hastings.
The Elkhorn company has plans to remodel and rename the mall to the “Conestoga Marketplace.”
They are planning a more than $200 million redevelopment to the area, with plans to make the stores outward facing, as well as improving eating and entertainment options on the grounds, and adding a hotel and housing.
Woodsonia has been working for several months with the city including getting plans through planning commission and council on their proposed project.
Chad Nabity said he is excited to see the property in the hands of a developer cares about the future of the mall.
“That was a big relief, that we really have moved that property from a mall owner that has a track record of letting malls really fall apart, and moved it to one that has some plans to redevelop it,” Nabity said.
The Grand Island Area Chamber of Commerce is also excited for what the future could hold for the Conestoga Mall property.
“It’s really exciting, to have someone on the local level whose willing to step up and lead the charge to really help grow Grand Island,” Chamber of Commerce Vice President Courtney Glock said. “This project is going to be pivotal in creating new opportunities for services and industries we already have, expanding on some of those offerings, and also helping to bring in new opportunities.”
Local4 is working to learn more details on the project including the anchor store, and when the project is set to get underway.
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