Will Charlestowne Mall Be Sold Again?
New investors have been looking at the property, a spokesman said.
A group of California investors who purchased Charlestowne Mall for $9.5 million in 2010 are entertaining potential buyers for the facility, although the mall is not officially on the market, the Kane County Chronicle reported Saturday. A spokesman told the Chronicle that the owners have been approached by “multiple investor groups” that have shown interest in the property, which has languished in the years since it opened in 1991. The decline has some wondering whether or not the mall should be torn down. That was at least one option residents were asked to consider during an August 2012 “visioning” session that was part of the process for drafting the city’s 2013 Comprehensive Plan, which is under review by the St. Charles Plan …
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randy
9:14 pm on Saturday, March 9, 2013
Maybe all the residents of St Charles can open there dream businesses. City employees can take pension cuts, property tax cuts are in order,then give back money to main street businessmen, that is how you attract businessmen. Signed Big Businessman from west burbs, 99% of you don't have a clue, I do, I have had 250 employees and 75,000,000.00 in Sales. Put your money where your big mouths are!!! more ›