Bellevue Mall Renovation On Hold Indefinitely 1-16-2010 - WSMV Channel 4

Bellevue Mall Renovation On Hold Indefinitely 1-16-2010

Reported by Heather Jensen
NASHVILLE, Tenn.Two years ago, a developer promised big things for Bellevue Mall.
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"The owner went as far as tearing out the insides of the mall," said Council Member Eric Crafton.
But now, Bellevue Mall sits nearly empty. Renovations are at a stand still. And people are ready for a change.
"I'd like to see shopping, a lot like what we have at Nashville West, more places to eat," said shopper Shawn Cushen..
The economic downturn put things on hold at the old shopping center.
"Banks quit leaning money overnight," Crafton said.
Developer Four Square Properties has since sold the property to another real estate investment company. That company has yet to call the city to move things forward.
This mall is in Crafton's district. He wants to take action. He'd like to rezone the property, taking it from commercial to residential. But he doesn't want houses here.
"Hopefully it will help spark getting a return call from the owner because that's going to cut the value in half of more," he said.
Crafton is working with other real estate agents to get more retail in the area, like IKEA. It's an idea that's gaining major support online and one this community could get behind.
"That would be great! It's a good price and they've got good variety of merchandise," Cushen said.



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