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Aiken Mall sold to lending bank

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Ownership of Aiken Mall went back to the lending bank Tuesday.

The U.S. Bank National Association purchased the 400,000-square-foot mall on Whiskey Road for $9.8 million at the Aiken County courthouse, according to the Aiken County Master-in-Equity office.

The 35-acre property has been facing foreclosure since April after U.S. Bank filed a notice claiming that then-owner Aiken Mall Acquisition LLC was in default of about $28.5 million, including interest. The mall was set for auction in early June but was pulled without explanation from the bidding process by the bank days before the scheduled date.

Messages left Tuesday for attorneys representing both sides of the sale and the mall’s assistant property manager were not immediately returned.

The mall has been open for nearly 25 years and has several vacancies.

Comments (7) Add comment
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Willow Bailey
20580
Points
Willow Bailey 09/04/13 - 07:43 am
2
2
It needs tearing down.

It needs tearing down.

chascushman
6653
Points
chascushman 09/04/13 - 08:51 am
2
2
"It needs tearing
Unpublished

"It needs tearing down."
Sorry madam but you have no clue what you are talking about!!

Willow Bailey
20580
Points
Willow Bailey 09/04/13 - 10:03 am
3
2
Yes, sir. It's a dump.

To be fair though, let me preface my remarks with.... unless in the last year, the Mall has improved the lighting, the ventilation, the ceiling height, brought in some new quality retailers, curtailed the punks, and added security...then yes, it's still a dump and not the best use for the property.

My spouse would attest to you that I am very qualified in the shopping area.

And let me also add, that I am a big fan and regular patron of Aiken.

countyman
20129
Points
countyman 09/04/13 - 10:48 am
2
6
Double Standard

I find it hilarious that Chascushman makes sarcastic remarks about Richmond County every day, but is a fan of the Aiken mall...

Everyday according to him Augusta is turning into Detroit. Even with the new stores at the Augusta mall like H&M, Stride Rite, and Michael Kors coming soon. Yet, he insist on taking up for the Aiken Mall lol..

This is why I take a lot of the comments with a grain of salt, because people obviously have an personal bias against Augusta.

LeConteSkier
516
Points
LeConteSkier 09/04/13 - 01:21 pm
2
1
Turn it into a Lifestyle Center

The inclosed mall part needs to be torn down and replaced with a lifestyle center village concept with condos and hotels above the shops. Aiken doesn't even have a decent size convention center so this would be a great opportunity to built a hotel and convention center in Aiken which would help support the shops and restaurants. FYI see Biltmore Park Town Square in Asheville for a great example. The Movie Theater could be rebuild as part of this and it would be a great atmosphere for shopping and a small inclosed mall is never going to compete with the Augusta Mall so Aiken needs a good mix of some national retailers like Banana Republic etc along side of local boutique shops and restaurants that works very well in a lifestyle center but not so well in a small dark enclosed mall.

Riverman1
84076
Points
Riverman1 09/04/13 - 01:33 pm
6
2
Aiken's downtown is where

Aiken's downtown is where everyone shops. It's such a beautiful area in town that no one wants to use a mall. It's the reverse of Augusta.

Willow Bailey
20580
Points
Willow Bailey 09/04/13 - 02:54 pm
7
2
I was thinking similarly in

I was thinking similarly in that the functional obsoleteness
of the mall was a real benefit to downtown shopping. In Aiken, it's all about Laurens Street.

LeConteSkier has some interesting ideas.

Now, why would someone thumbs down Rivers remark? Oh, well, I'll thumbs up it and cancel them out:)

jimmymac
39881
Points
jimmymac 09/04/13 - 04:56 pm
1
0
MALL
Unpublished

The Aiken mall could be an asset if they had the right mix of retailers. Right now they have no high end shops and a bunch of stores catering to the urban population. They used to at least have a Hallmark store but it closed. I only go there for Dillards and Sears. Penney's used to be an option but no more.

David Parker
7923
Points
David Parker 09/06/13 - 02:51 pm
0
0
I'm trying to keep him under

I'm trying to keep him under 50000 points ;)

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