Oklahoma City mall is at a crossroads
Crossroads Mall in 2007. PHOTO BY STEVE SISNEY, THE OKLAHOMAN
Crossroads Mall is in foreclosure, and could be put up for bid as early as this spring.
The mall at Interstate 240 and Interstate 35, which lost its remaining two anchor stores this month, is being managed by Price Edwards & Co. while the bank forecloses on the property. Foreclosure will be complete in about 60 days and then the property can be put up for sale, said Jim Parrack, senior vice president for Price Edwards.Multimedia
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TIMELINE
Crossroads Mall’s history
• 1974: Crossroads opens as Oklahoma City’s first regional indoor mall. John A. Brown, J.C. Penney, Dillard’s and Montgomery Ward are the anchors.
• 1985: Brown closes and the space is taken over by another store.
• 1994: The Macerich Co. buys Crossroads, Jim Swenson is named manager. Non-anchor store occupancy is at 90 percent.
• 2001: Montgomery Ward files for bankruptcy and closes store. Space is leased to Steve and Barry’s.
• 2003: The Macerich Co. spends $1 million on renovations, including addition of a carousel and children’s area.
• 2006: Mall is sold to Midwest Malls.
• 2007: J.C. Penney closes its Crossroads store and opens stores in nearby Moore and Midwest City.
• 2008: Macy’s, Dillards and Steve and Barry’s close. Nonanchor store occupancy is at 70 percent.
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