Friday, June 25, 2010

Opry Mills gets $5M permit to rebuild shells of tenants' stores

The cost of what it will take to put Opry Mills mall back together again continues to grow clearer.

A rehabilitation building permit for $5 million was issued on behalf of the mall Tuesday. Belfor Group USA, whose red, white and black trucks and billboards are now a common sight in Nashville, was issued the permit to return the mall to “white box” status, that is, to shell out the building in advance of tenants.

According to the permit, additional permits will be required to ready the individual tenant spaces.
The mall’s Bass Pro Shop has already received a $2 million building permit for repairs to its anchor space. In a recent interview with the Nashville Business Journal, Bass Pro’s local general manager said Simon Property Group, the mall’s Indianapolis-based owner, is financially responsible for restoring the shell of tenant spaces — the walls, floor, etc. Individual tenants, he said, are responsible for repairs inside their spaces.

The 1.2 million-square-foot mall has been closed since early May’s flood. Simon Property Group has yet to say when the mall will reopen.

For prior posts on this subject see:

Opry Mills tenant mix, timeline unclear after historic flooding

Flooded Opry Mills mall's revival begins

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