Mall sale hasn't closed, but Walla Walla official says deal still in progress

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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.

Comments

ImJustSayin 8 months ago

OK WW City........ do not screw this thing up!!! Give this company whatever they want.

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oldguyonabike 8 months ago

Wait a minute. Last time a developer came to town it drained the City road repair budget when they built the entrance to the "mall" on Poplar for over $300k. The signal has never been used.

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grammaphyllis 8 months ago

Regarding the traffic signal, I believe there was a contract or lien to get payment. I believe in all the legal wrangling the past few years the City put pressure on the owner/bank and got paid for the improvements as a lien on the property and the County got some back taxes paid. Don't know what funds/accounts the dollars went to when received. A call to the City Manager and the Assessors office could answer these questions.

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dogman12 8 months ago

Maybe the delay is for a background check on this Zelman outfit. The last time a buyer was welcomed with open arms he stole the silverware, kicked the dog, and took a dump in the front yard.

Oh yeah, there was a "well-liked" car dealer that acted the same way. "Beware of smiling faces!"

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