A sale of the former Blue Mountain Mall didn’t close this week as planned after all. But that doesn’t mean it won’t.
Walla Walla City Manager Nabiel Shawa said Monday’s anticipated closing date on the commercial property didn’t end with a new owner. Instead, he said, the closing was extended another 30 days while negotiations continue to take place.
“There are still final details being negotiated and worked through,” he said Wednesday.
According to Shawa, Los Angeles-based Zelman Development Co. plans to buy the property and redevelop it from a state of demolition and abandoned reconstruction into a retail destination.
The property has been in a dilapidated state for numerous years after the mall was purchased and demolished. In the midst of reconstruction, owners were foreclosed upon. It has been the subject of numerous foreclosures and sales since that culminated last September when it was purchased by Key Bank subsidiary OREO Corp. for $4 million.