Stale turnover

You can hardly blame Dan Dill. At the end of 2004, he snapped up Heritage Park Mall for $4.1 million; a brace of California investors has now taken it off his hands and given him a tidy profit for the brief period he owned it.

The $7.8 million price is still below the appraised value of the mall; tenants are still waiting to see if anything improves. I'm starting to think it may be too late, myself: the focus of new activity in Midwest City is far to the south, with a not-quite-Super Target, a Lowe's, and a Kohl's all taking spots on the north side of SE 29th east of Air Depot, and a new Sheraton hotel near I-40 and Sooner Road. None of these is within two miles of the mall.

Well, there's the new Wal-Mart Supercenter at NE 23rd and Douglas, but that's even farther away.

Posted at 7:39 PM to City Scene