Restaurant and department store hours may vary. In some cases, “lenders are willing to sell us their loans or the mortgages back at a discount. “I don’t think that the land’s going to be any less valuable than it is today as a result of this,” Geis said. DIRECTIONS. Two mall operators filed for bankruptcy protection Monday, Nov. 2, 2020 … Eastgate Mall owner declares bankruptcy in wake of pandemic. Still, there is lots of potential for Cincinnati’s commercial real estate market to get worse before it gets better. Johannesburg Tourism Johannesburg Hotels Bed and Breakfast Johannesburg ... ” 07/10/2020 Customer Service. In this Nov. 19, 2012 file photo a woman leaves Eastgate Mall after shopping in Cincinnati. Check here for Special / Holiday Hours *Individual store & … We bought a $1000 regular price clothes for $205 at Dillard's Clearance. Bed Bath & Beyond has announced the first 63 stores it will close by the end of the year as part of a restructuring plan brought on by Covid-19. Florence and Kenwood are both owned by Brookfield Property Partners, which did not return the I-Team’s email seeking comment. Eastgate Shopping Centre is the shopping and lifestyle hub with a prestigiously diverse Tenant offering with over 300 stores. Contact Us. Like all your favorite brands of apparel, shoes and accessories for women, men and children. Mall Phone Number. Comfort Inn & Suites Eastgate. As WCPO I-Team reported in February, Eastgate was already facing tough times before the pandemic hit. Navigator819319 wrote a review Feb 2020. Eastgate Shopping Centre is recognised as a retail-leader in branded fashion trends and is known for having something for everyone. monday 11am - 7pm tuesday 11am - 7pm wednesday 11am - 7pm thursday 11am - 7pm. CBL & Associates Properties Inc., which owns Eastgate Mall in … March 24th, 2020 Closing all but essentials To our amazing, resilient community Eastgate is now closed in support of the country’s fight against Covid-19. Published: November 2, 2020, 11:43 am Updated: November 3, 2020, 6:53 am Tags: Business , coronavirus FILE - In this Nov. 19, 2012 file photo a woman leaves Eastgate Mall after shopping in Cincinnati. But CBL noted in its news release that it has about $258 million in unrestricted cash on hand and saleable securities to shore up lost revenue. Eastgate Mall in Union Township, Clermont County, off of SR 32. FILE – In this Nov. 19, 2012 file photo a woman leaves Eastgate Mall after shopping in Cincinnati. Mall Phone Number. Visit. Two mall operators filed for bankruptcy protection Monday, Nov. 2, 2020 hurt by the coronavirus pandemic, which has forced its tenants to permanently close stores or not pay rent. Copyright 2021 Scripps Media, Inc. All rights reserved. FILE - In this Nov. 19, 2012 file photo a woman leaves Eastgate Mall after shopping in Cincinnati. CINCINNATI (FOX19) - Several local clothing stores including the Justice tween brand are closing after their parent company filed for Chapter 11 bankruptcy protection due to … Maybe “someone comes in and redefines that area,” he said, “and rather than the Eastgate Mall it becomes the Eastgate mixed-use center that includes high-density residential, entertainment, shopping, restaurants, maybe even some single-family residential units. CBL, which operates 107 malls, said more than 30 of its tenants have filed for bankruptcy protection this year and are shutting stores, including woman’s clothing retailer Ascena, which has 100 Ann Taylor, Loft and other stores in CBL malls. Get Rates. The rate was even higher in June, when 24 loans totaling $385 million were at least 30 days delinquent, representing 23% of the region’s $1.7 billion in CMBS debt. Both companies, CBL and Pennsylvania Real Estate Investment Trust, said their malls will … The loan is set to mature in April 2021, according to data from Trepp. 2.5 out of 5. Original projections suggested 192 stores would close in 2020 with the rest coming next year. Contest. Among the most surprising names on the list is Florence Mall, which was more than 90 days delinquent in August, according to KBRA’s research. In case of Emergency Dial 911. 1.8 km from Eastgate Mall . 12 contributions 1 helpful vote. Men's Brand New Black Sabbath Shirt (Size 2XL) regular price for the shirt is $30 (Eastgate Mall for pick up only) … After almost 100 years, it is over for Sears in the Cincinnati area. In mid-May, JC Penney announced it will close down more than 240 locations. A woman leaves Eastgate Mall after shopping in Cincinnati. Nov 26 - Nov 27. The stores will close between this current fiscal year and next fiscal year. Sears declared bankruptcy in 2018 and shut down its Eastgate Mall location last fall. Sustainability & Wellness. Some are going bankrupt and closing stores, such as department store chain J.C. Penney. The stores will close between this current fiscal year and next fiscal year. FILE - In this Nov. 19, 2012 file photo a woman leaves Eastgate Mall after shopping in Cincinnati. 4601 Eastgate Blvd. Eastgate Square Mall, 75 Centennial Parkway North, suite #c005b Hamilton, Ontario l8E-2P2 “It’s allowing us to either restructure the loans in some format or in some cases just relieve ourselves of that debt obligation where it no longer makes sense to continue funding the shortfalls in those assets,” Kingston said. But the bigger question is whether Eastgate marks the start of another wave of defaults, like the real estate crisis that hamstrung Cincinnati’s economy after the 2008 recession. FILE - In this Nov. 19, 2012 file photo a woman leaves Eastgate Mall after shopping in Cincinnati. and last updated 3:48 PM, Sep 02, 2020 CINCINNATI — Eastgate Mall is headed to foreclosure, one of Greater Cincinnati’s first commercial real … The loan fell into delinquency in April, when a balloon payment came due in the middle of a state-ordered closure due to COVID-19. Closing all but essentials. Date of experience: February 2020. Cincinnati, OH 45245. Address. Top Trending Hotels Near EastGate Mall. Bridgewater Falls shopping center in Fairfield Township, Butler County, on Princeton Road, off … Some are going bankrupt and closing stores, such as department store chain … Eastgate is now closed in support of the country’s fight against Covid-19. Two mall operators filed for bankruptcy protection Monday, Nov. … In this Nov. 19, 2012 file photo a woman leaves Eastgate Mall after shopping in Cincinnati. Mall tenants, which operators rely on for rent payments, are also stressed. B.N.I.B. Monday-Tuesday-Wednesday-Thursday-Friday 10:00 AM to 9:00 PM Share. But CBL, a real estate investment trust headquartered in Chattanooga, Tennessee, said the mall at 4601 Eastgate Boulevard in Clermont County's Union Township will remain open as the company goes through the bankruptcy process. Visit. That should make it easier for debt-burdened properties to refinance or find buyers. Cincinnati ranked 12th in the nation with a delinquency rate of 19% in August, according to Trepp. View Customer Service. Within five years it could look very different than it looks today.”, Let the I-Team investigateSend us your story tips today to iteam@wcpo.comOr call 513-852-4999, Research firm identifies $1B in 'loans of concern'. Another 39% are tied to hotels. friday 11am - 8pm saturday 11am - 8pm sunday 12pm - 6pm. The majority of Eastgate Mall stores remain closed for business on Easter Sunday, Christmas Day and on Thanksgiving Day. Get the Inverness Courier sent to your inbox every week and swipe through an … But Brookfield CEO Brian Kingston told investors Aug. 6 that the company is using the pandemic as an opportunity to re-evaluate its debt obligations.