OHB Redev is a joint venture of Redev CNY, Hueber-Breuer Construction, DalPos Architects and Housing Visions.
Approximately 400 construction jobs will be created over the course of the redevelopment and another 1,400 full-time permanent jobs are projected once the redevelopment is completed.
The 62-acre property off Erie Boulevard East includes a 750,000-square-foot mall and two outbuildings. The mall, which had struggled for many years, closed during the coronavirus pandemic in March last year and never reopened.
“We could not be more excited to celebrate this new chapter for the ShoppingTown mall site,” McMahon said. “With the selection of OHB to redevelop this site, our community can finally look forward to reading about grand openings, job openings and progress instead of tax evasion and closures.”
County Executive Ryan McMahon today said OHB Redev LLC will purchase the mall from the county for $8 million and invest at least $300 million redeveloping the site.
Their plan for the project, known as DISTRICT EAST, focuses on turning the property into five distinct, but blended areas that include housing, entertainment, restaurants, hospitality, retail and office space. The housing component includes a goal of serving different income brackets, McMahon said.
Onondaga County bought the shuttered mall on Dec. 30 for $3.5 million from Moonbeam Capital. It also waived nearly $10 million in back taxes, plus $3 million in interest and late fees, on the mall.
The purchase was part of settlement the county reached with Moonbeam, which filed Chapter 11 bankruptcy in August 2020 to fend off the county’s efforts to seize the mall for unpaid property taxes going back to 2015.
The county issued a request for development proposals on Jan. 26, saying the property was a prime location for a corporate campus, high-tech business or a mixed-use development with a residential component. Got a tip, comment or story idea? Contact Rick Moriarty anytime: Email | Twitter | Facebook | 315-470-3148