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Old 04-14-2019, 05:18 AM
 
Location: The ghetto
17,771 posts, read 9,215,344 times
Reputation: 13337

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Online bidding for Swansea Mall to begin Monday

The bidding starts at 1.4 million.
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Old 04-14-2019, 06:03 AM
 
Location: Newburyport, MA
12,477 posts, read 9,560,412 times
Reputation: 15929
I haven't been a big mall person, but still, I am disappointed to see these major retail centers failing. Retail may not be the highest paying sector of the economy, but there are still jobs there, for people without university training, and with a chance to move up as well. Furthermore it brings disruption to the real estate market. Repurposing or redeveloping these properties is not necessarily easy.
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Old 04-14-2019, 07:28 AM
 
Location: Massachusetts & Hilton Head, SC
10,031 posts, read 15,683,188 times
Reputation: 8679
This one deserved to die.

I drove by there last Thursday, the businesses across the street are doing fine.
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Old 04-14-2019, 08:30 AM
 
Location: The ghetto
17,771 posts, read 9,215,344 times
Reputation: 13337
I realize 1.4M is just the opening bid, but that seems awfully low. As far as I know it's not in poor condition.

Maybe it's starting so low because whoever buys it will still have to deal with the Walmart restrictions?
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Old 04-14-2019, 09:59 AM
 
Location: Massachusetts & Hilton Head, SC
10,031 posts, read 15,683,188 times
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Don't you think it will be razed?
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Old 04-14-2019, 10:29 AM
 
Location: The ghetto
17,771 posts, read 9,215,344 times
Reputation: 13337
Quote:
Originally Posted by CaseyB View Post
Don't you think it will be razed?
I don't know. If it's in decent condition, it could get converted to housing. But, even if it's torn down, that's a lot of land to work with.

Either way, it's still unclear if Walmart will be able to place restrictions on it.
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Old 10-16-2019, 10:04 PM
 
Location: The ghetto
17,771 posts, read 9,215,344 times
Reputation: 13337
Selectman shares 'conceptual renderings' of Swansea Mall redevelopment

Looks pretty good. The plan includes shopping, restaurants, and apartments. Also fitness, medical, entertainment, and banking facilities.

Quote:
These renderings depict a transformation of taking an inside mall and making it an outside mall
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Old 10-17-2019, 06:51 AM
 
95 posts, read 69,857 times
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Agree, it looks good if they can make it happen. Still have to deal with Walmart lurking out back and their stranglehold on the project.

If they can make it happen I can see this doing well, particularly adding some much needed suburban market rate rental stock in that area. I think neighboring towns would do well to follow suite with more mixed use development. Heck as long as the parking lot gets fixed I'd call it a win.
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Old 10-17-2019, 07:41 AM
 
Location: Massachusetts & Hilton Head, SC
10,031 posts, read 15,683,188 times
Reputation: 8679
Didn't some kind of church buy part of the property?
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Old 10-17-2019, 08:02 AM
 
Location: The ghetto
17,771 posts, read 9,215,344 times
Reputation: 13337
Quote:
Originally Posted by CaseyB View Post
Didn't some kind of church buy part of the property?
I don't know.

This whole thing may be a pipe dream, as Shiver916 noted, if Walmart doesn't cooperate.
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