News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Greater Akron Chamber

Metro RTA

Meaden & Moore


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Chapel Hill Mall joins list of troubled NEO retail properties
The Akron mall is in foreclosure, while Rolling Acres and Randall Park have been shuttered for years
by WKSU's KABIR BHATIA


Reporter
Kabir Bhatia
 
Chapel Hill's logo is familiar to Northeast Ohio shoppers, but retail's rapid changes may have led to a decline; the mall entered receivership this month.
Courtesy of Wikipedia
Download (WKSU Only)
In The Region:
Akron’s Chapel Hill Mall has entered receivership, joining the list of Northeast Ohio’s troubled malls. Tennessee-based CBL & Associates has owned the mall for a decade, and is on the hook for nearly $80 million in loans to U.S. Bankcorp.
A receiver was appointed last week by a Summit County judge. City of Akron Deputy Planning Director Adele Roth says she’ll be speaking with the Michigan-based receivers – McKinley Incorporated – this week.

LISTEN: Roth on mixing it up
Other options:
Windows Media / MP3 Download
(0:14)

“They have all the right ingredients. They just need to, I think, mix it up a little bit better. And McKinley Properties [is] a well-known and well-respected property management company. And if anybody can turn it around it's going to be them.”

Roth adds that -- looking back -- Chapel Hill was seeing a dip in traffic.

LISTEN: Roth on signs of trouble
Other options:
Windows Media / MP3 Download
(0:15)

“There’s been some signs [such as] anecdotal information about, maybe, the parking lots are looking a little bare. Or that there haven’t been any really cool events going on there. I think you see really prosperous malls have a lot of- it’s not just the tenants.”

Chapel Hill was opened by Forest City Enterprises in 1967, and was the second enclosed mall in the region. It was the long-time home of Archie the Snowman every Christmas. It also housed the first cinema in Northeast Ohio built from-the-ground-up as a multiplex.

Forest City also built Rolling Acres Mall, opened in 1975. It's been shuttered since 2010 and is headed to a tax auction this fall. Roth says it’s unlikely to be used for retail in the future, and could mirror the surrounding area and be converted for light industrial use. Randall Park Mall, near Cleveland, faces a similar fate, although it houses the thriving PSI auto-repair school.
Listener Comments:

Other than the anchor stores there is nothing at Chapel Hill. Their secondary stores seem to cater to the lower income cliental and not much for the middle class. The gangs of kids walking the mall unchecked scares the shoppers away. The few stores that are there that I would shop out are not worth the risk of going to Chapel Hill because of all the crime. I feel sorry for the retailers that are stuck in their leases with no where to go but down. If Chapel would of upgraded like Summit Mall instead of down graded there might be a different story to tell. I know all of my middle class friends have found other places to shop because of safety issues with little to no security in our out of the mall. Looks like another Rolling Acres to me!


Posted by: Anonymous on August 7, 2014 3:08AM
Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Environmental study nears completion in East Liverpool
Twenty years ago my twin sister and I protested the building and operation of the WTI facility citing several studies that indicated the risk of cancer due to ...

HOF's Canton expansion could take an island and make it a village
I live in the block from Broad St to the Hall of Fame and will be impacted by the expansion. I am in the process of selling my home and planned to long before i...

Cleveland redeploys police to replace rejected red-light traffic cameras
Periodic rotational enforcement without warning does NOT change behavior and the city officials know that. This is the basis of all officer-run enforcement trap...

New enrollment period offers more insurance options
The removal of federal funding for healthcare CO-OPs may limit the growth of the CO-OP movement. http://www.healthcaretownhall.com/?p=6381

The family of Boardman vet killed in Vietnam receives his medals
My name is Mike Eisenbraun. I am Larry's brother. I was 14 years old when Larry was killed in Vietnam. He has been gone for 46 years but it seems like yester...

Cleveland seniors are creating new wealth -- and facing new challenges
Why is anyone surprised that we people over 65 are not retiring? If you have been paying attention, defined company funded pensions were phasing out in the eigh...

Ohio company cuts off a dairy supplier after allegations of animal abuse
these people should be held accountable for their actions. i would be more than pleased to see a year or more behind bars. i will NEVER eat anything that comes ...

Goodyear recruits thousands of vets
What a wonderful interview! Excellent reporting skills by a talented young reporter! I look forward to hearing more from Ms. Schley!

Ohio Democratic Party begins the rebuilding process
I agree 100% with Sen. Brown. I think it is absolutely critical for the Democratic Party in Ohio to engage in the long, tedious, hard task of re-building from t...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University