So is the proposed Mint Hill Mall Dead in the Water (Charlotte: 2009, refinance)

[ADR]

They started grading and then stopped and said they would start back in New Year. I have since heard the developer is in financial trouble.

So is the whole project a dead deal?

[bs13690]

I hope not. I live near there and have been looking forward to it. I guess I need long range vision to see it at this point.

[ellemaew]

This is from a while ago - Work has finally begun!!!

Looks like one of the business entities had some financial issues and at least at the time of this article, work was supposed to start up again in 2009 - so I guess keep an eye out!

[blabber]

I wouldn't keep my hopes up...It'll be at least 3 years before anything else happens there...IMO

[Samohtal]

Here's one more person that will start spending money there as soon as its completed.

The development for the hospital and other projects up on Albemarle Rd. & 485 appears to be still going on. Glad to see some resources for the eastern burbs coming, although I suppose that'll mean our little corner of 485 would eventually get some of the traffic problems they have on the southern leg.

[ADR]

Found this

Bridges bills come due - Charlotte Business Journal:



The financially troubled developer of a massive Mint Hill mall has racked up nearly $1 million in unpaid bills and is now facing a legal battle.

Work has stopped on the 215-acre site, and contractors are unsure if or when it will restart.

Developer General Growth Properties, which recently captured headlines around the country for its financial difficulties, has already delayed the opening of The Bridges at Mint Hill four years.

And the Chicago-based company has said in Securities and Exchange Commission filings that it may seek bankruptcy protection from its creditors if it can’t refinance $900 million in debt, leaving the Mint Hill project in jeopardy.

[ellemaew]

Originally Posted by ADR

Found this

Bridges bills come due - Charlotte Business Journal:



The financially troubled developer of a massive Mint Hill mall has racked up nearly $1 million in unpaid bills and is now facing a legal battle.

Work has stopped on the 215-acre site, and contractors are unsure if or when it will restart.

Developer General Growth Properties, which recently captured headlines around the country for its financial difficulties, has already delayed the opening of The Bridges at Mint Hill four years.

And the Chicago-based company has said in Securities and Exchange Commission filings that it may seek bankruptcy protection from its creditors if it can’t refinance $900 million in debt, leaving the Mint Hill project in jeopardy.

In a way, living in Mint Hill, I'm kinda relieved. We moved here because of the country atmosphere but still fairly close to the city. That would all change with the mall - and I can't even imagine what Lawyers Rd would be like after it's built!

[nyxmike]

The developer was going to widen Lawyers Rd and make other road improvements in the area. The mall is delayed atleast a couple years according to an article I read (I think I read it in the Business Journal). Either way, that property will eventually be developed into something I'm sure.

[Barkingowl]

Lawyer's Rd would be more of a nightmare than it is right now.