A commercial investor has signed a contract to buy the declining Great Norther Mall.
The Syracuse-area mall, located in the town of Clay, has been struggling for years, and has recently been subject to scrutiny from Onondaga County.
So, what’s the plan?
Guy Hart Jr., of Harty Lyman Companies is behind the plan, according to WSYR-TV.
The developer’s goal is to turn Great Northern Mall into a lifestyle center with luxury apartments, townhouses, a hotel, high-end shops, restaurants, and a movie theater.
“We will have a great cross-section of shop space that will be a little bit of something for everybody, and the coolest part about it is that it’s going to have that village environment where you park your car, you walk around, and you enjoy your time with your family,” Hart said.
The purchase is going to cost more than $9.5 million. The sale on the property could close this fall.
There are 17 stores left in the mall right now. There are no plans to close it at this point, either.