Gateway Mall Today
Since January, 2003, the mall has been sold three times. On May 10, 2006 it was announced that the center was purchased by Raymond Arjmand, of Encino, California at a purchase price of $13.25 million. It celebrated a re-opening on November 18, 2006, and is now known as "Gateway Fashion Mall". Arjmand is nearing completion of a $10 million renovation to the mall. Macy's was mentioned as an additional anchor store in 2006, but never came to fruition. A two story addition including a vaulted atrium is in the process of being built, which will require the relocation of the food court and will add up to six new stores. Under the new ownership the mall is leased at 85% of its capacity.
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Famous quotes containing the words gateway, mall and/or today:
“Antithesis is the narrow gateway through which error most prefers to worm its way towards truth.”
—Friedrich Nietzsche (1844–1900)
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