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A Houston-area mall's new owner plans to boost the property's fortunes by converting its empty Macy's anchor into an outlet store.
Family-owned Mehta Investments acquired West Oaks Mall out of bankruptcy last August. The family took over that 243,340-square-foot structure from Macy's Holdings for an undisclosed price later in the year.
This week Mehta Investments announced plans to redevelop the Macy's space as The Outlet at West Oaks. The outlet store, which will sell brand-name clothing and goods at discounted prices, is to open later this year.
"Experiencing the downturn of West Oaks Mall was very discouraging, and I wanted to bring life back to this area," Sunil Mehta, of Mehta Investments, told the Houston Chronicle. "My family and I decided to purchase the mall with the vision that we could be that vessel that brings the revitalization. We look forward to launching The Outlet at West Oaks and seeing this property transform into a popular retail destination again."
By Brannon Boswell
Executive Editor, Commerce + Communities Today
