Local investors purchase Hickory Hollow space - WSMV Channel 4

Local investors purchase Hickory Hollow space

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NASHVILLE, TN (WSMV) -

There will soon be more signs of life at a property many had declared dead. A local investor has just spent $1 million to buy what is left of the Hickory Hollow Mall property.

Several big name stores such as Dillards, Sears, JC Penney and Macy's have abandoned Hickory Hollow in the last several years, but the investors known as Global Mall Partners are hoping their purchase will change that trend.

"It's an exciting opportunity for the community to bring back some jobs and some businesses to the area," said Metro Councilman Duane Dominy.

The deal does not include the space that was left by the big anchor stores, but it does include what was left when the non-anchor tenants packed up.

A spokesman for the investors said the mall is on its way back.

"To reinvigorate it, the plan is to bring back shopping, dining, entertainment for Nashville and Middle Tennessee's diverse cultures all into one," Mark Nobles said.

Nashville State Community College is using the old Dillards space as a satellite campus, and the city and county will be using the former JC Penney space for a library branch and community center.

Much of the rest will go to the local investors, and the people who live nearby are thrilled.

"Yeah, we've been wanting to see that, and I believe it will put in some new stores and so forth," said neighbor Jack Walker.

Investors said the contract was signed Tuesday, so it is still too early to determine when the transformation process will get under way.

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