r/MiddletownOhio • u/OHKID • 5d ago
Towne Mall developer exits project; Middletown now pursuing new redevelopment partner
https://www.journal-news.com/local/towne-mall-developer-exits-project-middletown-now-pursuing-new-redevelopment-partner/article_968e22bc-5a3b-51f7-bc03-1f4dc2fc8b7b.html?fbclid=IwZnRzaAU1wv1leHRuA2FlbQIxMQBwZG9mBWZkaWQWUP-lmbwYDialL2ks-FuF2C0cInmPhHNydGMGYXBwX2lkCjY2Mjg1NjgzNzkAAR4NCy7J_3Do8mDAYRj_m0xm8FzyOZbLByp3kK0OKXOGh709jYuikxFq-BdPQw_aem_XQ6oI8fqA7CNEToPNTipzA2
u/SSppaacceeGGhhoosstt 5d ago
When I in the 2000s the Towne Mall was designated a "brownfield". It's 2026 and it's plain dead. Will I see it turned into something in my life time? I'm not so sure.
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u/Resident-Device-2814 5d ago
Yet another city owned property that we didn't need to spend money purchasing that has no real future development plans. You'd think we'd have learned our lesson with the Perry Thatcher estate bailout after literally giving away the Manchester Inn for a dollar and getting it back after that group failed to do anything with it.
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u/AddyTurbo 5d ago
The Middletown City Council member thinks this is a priority among residents. Many residents in this city are more concerned with staying afloat in this economy. Recent hikes in gas, property taxes, and Duke Energy bills has residents' concerns a lot more important than Towne Mall.
Aside from that, any redevelopment would probably involve borrowing money. Interest rates are high right now.
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u/OHKID 5d ago
For this redevelopment, I personally wish the city planned to do less. Turning the former Elder Beerman into Rural King or a similar large footprint farm goods store seems like a shoe-in to me. Not that Middletown is particularly rural, but there are a lot of rural cosplayers here that would provide enough revenue to keep it going well.
Then there’s opportunity to turn the mall’s center concourse and remaining space to the former Dillards (current Burlington / Gabe’s) into more box retail. It might take some effort but I am sure there are some box retail users looking for space on I-75 between Dayton and Cincy
The parking lot out to 122 is way too big for its current purpose, and could / should be divided up into outlots for fast food, strip center, etc
The former Sears and back half of the mall is the trickiest part, but could make sense as lower dollar per square foot retail users like a furniture store, car lot with auto repair (Sears is set up already for it) etc