The Herald Banner, Greenville, TX

Monday Newspaper

March 3, 2014

Mall project takes another step forward

GREENVILLE — The project to transform Greenville’s Crossroads Mall into a “big box” shopping center took another step forward last week.

Greenville City Manager Massoud Ebrahim said Friday that Triyar/Crossroads Greenville Properties had paid on the project’s pending building permit. Ebrahim had said he would cancel the permit if the payment had not been made by the end of February.

The project is still scheduled to begin by the end of this month.

In March 2012, the City of Greenville entered into an agreement with Triyar for the redevelopment of the property. The city would receive a portion of the increased sales taxes generated by the redevelopment of the mall, splitting the increase with the mall’s owners.

Under the terms of the agreement, Triyar/Crossroads intends to invest approximately $11 million on the transformation.

Under the proposed plan, mall anchors Staples, Belk and JC Penney will remain at their current locations, while Beall’s and Hibbett Sports will be relocated into newly created spaces, with the remainder of the leasable area occupied by retailers new to the project.

Tenants which have been confirmed for the center include Marshall’s, Ross, Petco, Encore Shoes and Rue 21. A separate building on the property will be leased to Mattress Firm and Great Clips.

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