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Story Archives: Old buildings prime for upgrades
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Old buildings prime for upgrades
Continuing again to look at successful re-development areas that have occurred when older building have lost their appeal and tenants have vacated, the West Monroe market has seen its share as well as Monroe. Older buildings of 50,000 square feet or more are prime projects for a re-development phase.
The Glenwood Mall was built to give West Monroe an entre' into the era of large retail shopping with interior air conditioned spaces. It soon proved to be unprofitable and soon after vacant in part because it was built over an underground spring that soon deteriorated the parking lot to virtually impassable.
After the mall was purchased by the Thomas Family who made a valiant effort to bring it back to life, it was sold to Glenwood Regional Medical Center where it remains today as a successful medical facility.
.....For the full story, subscribe to the The Ouachita Citizen's NEW E-Edition!
Bill Roark is a Commercial Associate Broker at Keller Williams Realty and may be contacted at bill_roark1@yahoo.com. |
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