![]() Few shopping centers have thrived like Houston’s River Oaks Shopping Center. Jones said that there is no scheduled vote by City Council members at Thursday’s hearing on the quick-take proceedings, and that the hearing is part of a legal process to acquire properties. River Oaks Shopping Center provides a wonderful balance of over 70 nationally recognized stores, eclectic shops, and dining options that showcase unique local and regional flair. Penney property go to the Texas-based retailer, and the property is not behind on taxes. Penney property at the mall and Sam’s Club in River Oaks West.Īnchor tenants at malls typically own their own spaces and adjacent parking lots, and, according to the Cook County assessor’s office, the tax bills for the J.C. Jones said that some properties initially listed as being eyed for quick-take have since been rescinded, including the J.C. That retail center is not owned by Namdar. The Cook County treasurer’s office reported Namdar is delinquent on back taxes, including those owed this year for the 2020 tax year, to the tune of more than $7 million.Īlong with the main mall, the city is eyeing the takeover of a large segment of River Oaks West, which, county records show, is in arrears for more than $8 million in property taxes. ![]() The parcel has a market value of $26.5 million and an assessed value, for tax purposes, of $6.6 million, according to the assessor. The largest portion of the mall the city is seeking to take covers 2.7 million square feet of land, according to the Cook County assessor. The mall and adjacent properties are in a tax increment financing district, which can offer incentives to developers such as recovering, over time, expenses related to demolishing structures and making public improvements. River Oaks Center River Oaks Center is the shopping destination for the south suburban Chicago and northwest Indiana. Penney’s announced in 2000 it would close its River Oaks store, but reversed course just a few weeks later and said the store would continue to operate. Penney and Macy’s, and includes stores such as women’s apparel retailers Ashley Stewart and Rue21, Champs Sports, The Children’s Place and jewelry retailers Kay Jewelers and Rogers & Hollands. The company acquired Ford City Mall on Chicago’s Southwest Side in the spring of 2019. 30, then in July of that year acquired the 300,000-square-foot Marketplace of Matteson, at the southwest corner U.S. ![]() Driving directions and locations to store: Big Time located in River Oaks Center: 96 River Oaks Center Dr, Calumet City, Illinois - IL 60409 - 5551. In March 2017, it snapped up Matteson Town Center, a 181,000-square-foot retail center at the southwest corner of Cicero Avenue and U.S. GPS Coordinates: 41.598243, -87.554212 Get directions to Big Time located in River Oaks Center. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators. The same month it bought River Oaks, Namdar bought The Landings, a 319,000-square-foot shopping center south of River Oaks in Lansing. “We asked them to be good corporate partners,” he said. Jones said that while Calumet City does receive sales tax revenue from River Oaks, the property tax delinquency also affects school districts, the city’s park district and other taxing bodies. Way too many to list individually! Use the search box above to search by name of mall or city.In a news release Friday following the meeting with city officials, the company said it will “work with the city towards an agreement that satisfies current property taxes and that provides improved certainty and predictably on property taxes during the redevelopment of River Oaks Center during the next four to five years.” The company said it will also address maintenance issues. Looking for daily mall open and close times? We are constantly updating our list of 1,386 malls and shopping centers.
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