Niagara Gazette

Local News

October 11, 2012

Town of Niagara officials believe Factory Outlets will be expanding into Sabre Park land

Niagara Gazette — The Factory Outlets of Niagara Falls mall may be planning an expansion.

Town of Niagara board members discussed the mall's expansion during a budget meeting on Wednesday night but said that they had been offered no specifics by Macerich Partnership L.P., the company that owns the mall.

Charles Teixeira, a town board member, said that the town has not received any documents from the company outlining their plans for the expansion.

"There's nothing technically of an expansion, per se, in writing," Teixeira said. "It's all hearsay."

Macerich bought the neighboring Sabre Park mobile home park at a foreclosure auction last Friday. The company bought the lein on the property, then used a newly formed subsidiary, Fashion Outlets II, LLC, to purchase the park for $4 million. 

Karen Maurer, a Macerich spokesperson, said that gaining ownership of the land has allowed the company to begin exploring expansion options.

"The outcome of the auction gave us the opportunity to reach out to retailers and other stakeholders to test interest, but no plans have been set," she said.

Maurer said the company plans to keep all leases held by residents of the park. "First and foremost we're committed to honoring the rights of residents," she said.

The company bought the mall for approximately $200 million last July.

Macerich has retained M. Shapiro Real Estate Group, the Michigan-based company hired to manage the park during foreclosure proceedings, as the park manager.

Maurer said that until the deed has been recorded, which should happen early next week, the company is not allowed to have any direct contact with residents.

"(Residents) need to talk to the park manager with any individual concerns for now," she said.

Michael Risman, the town's attorney, confirmed that there has not been any documents submitted related to an expansion of the mall.

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