Colonial Park Mall’s auction listing taken down


Colonial Park Mall’s auction listing taken down

The mall’s owners did not return messages seeking comment.

OF THE MALL. TOM. YEAH, BRIAN. THE MALL IS MOSTLY VACANT AND IT WAS EVEN AT RISK OF SHERIFF’S SALE EARLIER THIS YEAR. BUT TODAY WAS SUPPOSED TO BE THE DAY THAT THE MALL WAS GOING TO GO UP FOR AUCTION. AT A MINIMUM BID OF $2.1 MILLION. WHAT’S GOT A LOT OF PEOPLE SCRATCHING THEIR HEADS, THOUGH, IS THAT THE LISTING DISAPPEARED. THIS MORNING. FOR MONTHS NOW, STATE AND TOWNSHIP LEADERS HAVE BEEN TRYING TO GUIDE REDEVELOPMENT OF THE COLONIAL PARK MALL. I WORKED THERE AT THE MOVIE THEATER WHEN I WAS A JUNIOR IN HIGH SCHOOL, STATE REPRESENTATIVE JUSTIN FLEMING SAYS. THE DECADES OLD MALL HAS BEEN A MAJOR PART OF DAUPHIN COUNTY’S COMMUNITY, BUT HE’S HOPING $10 MILLION APPROVED IN THE STATE BUDGET TO ASSIST DEVELOPERS TARGETING PROPERTIES LIKE STRUGGLING MALLS FOR NEW USES COULD HELP BRING NEW LIFE TO THE PROPERTY BEFORE IT FALLS INTO DISREPAIR. IT’S NOT JUST THE COMMONWEALTH FUNDING ALL THIS STUFF AND, YOU KNOW, JUST GIVEAWAYS TO CORPORATIONS, BUT WHAT WHAT BECAME VERY CLEAR TO ME IN THIS CONVERSATION, TOM WAS, UH, YOU KNOW, CLEARLY THE PRIVATE SECTOR ISN’T HANDLING THIS ON ITS OWN. THERE NEEDS TO BE SOME INCENTIVE IN ORDER TO REDEVELOP THESE SITES. FLEMING IS HOPEFUL THAT THE MALL BEING LIFTED FROM AUCTION MEANS A BUYER HAS BEEN IDENTIFIED. NEITHER THE MALL’S OWNERS OR A REAL ESTATE COMPANY HANDLING THE TRANSACTION RETURNED MESSAGES SEEKING COMMENT. NOW, JUST TO BE CLEAR, THIS AUCTION WOULD NOT HAVE INVOLVED THE ENTIRETY OF ALL THE STRUCTURES ON THIS PROPERTY. THE BOSCOV’S, FOR INSTANCE, NOT OWNED BY THE MALL’S OWNERS. SO THAT WOULD HAVE CONTINUED TO OPERATE INDEPENDENTLY. WE SHOULD ALSO NOTE WE DON’T KNOW EXACTLY WHAT THE WITHDRAWAL OF THE LISTING ACTUALLY MEANS. WE’RE GOING TO CONTINUE TO FOLLOW THIS, THOUGH, FOR NOW, IN

Colonial Park Mall’s auction listing taken down

The mall’s owners did not return messages seeking comment.

It was there. And then it wasn’t.A listing for Colonial Park Mall on commercial real estate website Ten-X for an auction beginning at $2.1 million was taken down Monday morning, according to Lower Paxton Township supervisors, who declined to comment further.Emails to the Kohan Retail Investment Group, which owns the mall, were not returned on Monday. A real estate firm handling the sale of the mall did not return a request for comment, either.The mostly vacant mall has struggled in recent years and was recently set for sheriff’s sale earlier this year due to owed taxes.State lawmakers and Lower Paxton Township supervisors have tried to guide the property’s redevelopment to a mix of commercial and residential uses through a re-zoning and incentives. A total of $10 million in the budget passed by Pennsylvania lawmakers was also allocated for a program that would offer the money to help leverage investment from developers to re-use land where structures like struggling malls current stand through redevelopment.

It was there. And then it wasn’t.

A listing for Colonial Park Mall on commercial real estate website Ten-X for an auction beginning at $2.1 million was taken down Monday morning, according to Lower Paxton Township supervisors, who declined to comment further.

Emails to the Kohan Retail Investment Group, which owns the mall, were not returned on Monday. A real estate firm handling the sale of the mall did not return a request for comment, either.

The mostly vacant mall has struggled in recent years and was recently set for sheriff’s sale earlier this year due to owed taxes.

State lawmakers and Lower Paxton Township supervisors have tried to guide the property’s redevelopment to a mix of commercial and residential uses through a re-zoning and incentives.

A total of $10 million in the budget passed by Pennsylvania lawmakers was also allocated for a program that would offer the money to help leverage investment from developers to re-use land where structures like struggling malls current stand through redevelopment.



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