WATERFORD SCOOP: Crystal Mall could be sold - redeveloped

Crystal Mall could soon be put on the market! Namdar, the owner of the struggling mall, recently stated that the property could be sold or redeveloped.

The statement came from Namdar, which said they were exploring a number of options for the property including selling, redeveloping, or partnering with a developer to develop the property.

The mall has struggled in recent years, losing countless tenants including Sears, Macy's, Bed Bath & Beyond, Christmas Tree Shop, H&M, and soon to be JC Penney. JC Penney's last day of operation is planned to be this Saturday, the store opened with the mall in 1984.

The mall currently has 47 tenants including Victoria's Secret, Talbots, Finishline, Bath & Body Works (leaving this year), Forever 21, FYE, Hot Topic, Spencers, Lenscrafters, The Toy Vault, Shoe Dept Encore, and more.

Namdar owns 4 malls in Connecticut including the struggling Enfield Square, the struggling Meriden Mall, and Trumbull Mall. They are currently under contract to sell their Enfield Square Mall in Enfield to a new ownership group. The new owners would demolish the entire mall, except Target, and build a new mixed use development. 450 Luxury apartments, 2 hotels, new retail space, and much more is planned. The deal hinges on new financing being secured through the State. Check out that story here:
http://www.theconnecticutscoop.com/connecticutscoop/enfield-scoop-mall-redevelopment-announced

What would you like to see done with the Crystal Mall? Comment below!