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This has always been one of my favorite mall fountains.
Yes...the fountain brings back good old memories to many of the West Dundee residents. But then the big news was that 'Kohan Retail Investment' purchased Spring Hill Mall (located in Illinois) from Brookfield Properties and closed on the mall last week. Now there are of course many discussions and or uncertainties on the now seen beleaguered Spring Hill Mall and it's future.
Since the mall opening in 1980 the village has unfortunately seen the closing of JCPenney, Sears, Macy's and Carson Pirie Scott which closed in 2018. Barnes and Noble announced last week that they will be vacating this coming October and being one of the last major stores at the mall.
But then the really bad news is that Mehran Kohansieh, (also known as Mike Kohan) is known to be a very "Bad Boy" in the investment real estate business. Him being a self-proclaimed distressed mall-bottom-fisher. His style of management has already resulted throughout his entire mall portfolio in tax payment shortages, unpaid utilities, no new stores leasing and no business plan in hand to make things better. Responsible mall maintenance as to MEP and HVAC under Kohan has also been a bad issue and with ongoing major code violations.
What also worries me is that Kohan, through its current Spring Hill Mall website, clearly restricts longer term leasing opportunities of its stores and only offers temporary in-line space, short-term or seasonal leasing. Like there is no future or permanent commitment in sight?
Quote: Kohan noted in a recent interview: "We are looking hard at nontraditional uses for all our malls and what parts of the property we can keep, spin-off and or repurpose. In some of our properties we are in talks with a marijuana entrepreneurs, warehousing and self-storage options."
What all of this means for West Dundee and Carpentersville is uncertain to say the least! Perhaps an official visit to the Dundee town-fathers by Kohan's Retail Regional Manager Veronica Barrett, with some encouraging news, a nice smile and future visions yet to come for Spring Hill Mall, would be a good start?
Nice frontal view: Mall Main Entrance
Mike Kohan himself. The man of the hour. The man that now owns the Spring Hill Mall. The big question: "What is he going to do with it?
I still love the clean lines after all these years and the mall having been open since 1980.