Carousel Mall
Carousel Mall originally opened as Central City Mall in October 1972. In the late 1980s, the mall began to decline due to reduced interest from businesses in close proximity to Inland Center (which is closer to the 215/10 Interchange) and rising crime in the area. Its name was changed to the Carousel Mall as part of a failed revitalization plan in the early 1990s. All the anchor stores and many of the businesses left.
In response to the closures, the mall's owners developed a mixed-use concept to fill vacated retail outlets with offices. LNR Property Corp purchased the property in February 2006 with the intention of developing a high density residential and commercial project. In January 2008, after facing deadlock with the city, LNR Corp sold the Carousel Mall to M & D Properties for $23.5 million.
Read more about this topic: Downtown San Bernardino
Famous quotes containing the word mall:
“Finishing schools in the fifties were a good place to store girls for a few years before marrying them off, a satisfactory rest stop between college weekends spent husband hunting. It was a haven for those of us adept at styling each other’s hair, playing canasta, and chain smoking Pall Mall extra-long cigarettes.”
—Barbara Howar (b. 1934)