Sale at the Mall? No, Mall for Sale!
Posted by Homes of Minnesota Team on Tuesday, March 9th, 2010 at 6:53pm.Woodbury Lakes, an upscale shopping center that opened five years ago but stumbled into foreclosure due to the economy, will go up for sale on March 15. Investors could find a bargain. The Woodbury property along Interstate 94 east of Radio Drive has a lot of potential, despite its recent troubles.
Whoever buys the property might do well to make it over from its high-end "lifestyle center" concept into a shopping area that might draw consumers with more moderate incomes from a broader area, said Jim McComb, a Minneapolis real estate and retail consultant.
There is no set price tag for the 50-acre property in Woodbury. That will be negotiated when a buyer emerges.
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