News Summary
Mall St. Vincent in Shreveport, Louisiana, has been acquired by Summit Properties USA, aiming to revitalize the shopping center and enhance community engagement. The new owners plan to improve the shopping experience and increase local foot traffic. Local retailers express optimism about the potential for growth and new store openings, especially following past struggles and the impact of the pandemic. The mall currently has 42 storefronts, including a Dillard’s, and plans for the former Sears location to be repurposed for health services.
Shreveport, Louisiana
The Mall St. Vincent in Shreveport, Louisiana, has officially changed ownership after being acquired by Summit Properties USA, a New York City-based real estate firm. This acquisition marks a significant shift for the mall, which has struggled in recent years. Summit Properties announced the ownership change through a social media post, pledging to revitalize the shopping experience and enhance community engagement.
The new owners have expressed their commitment to reinvigorating the mall by focusing on creating an enjoyable and interactive shopping environment. Their social media announcement indicated a desire to “bring back the fun, the local love, and the kind of shopping experience that makes you want to stay awhile.”
Local retailers have reacted positively to the news, sharing their optimism about the potential for improvement. One such retailer, Ray Mohammed, who operates a kiosk in the mall, noted how the COVID-19 pandemic had adversely affected foot traffic. Despite the challenges, he conveyed hope that the introduction of new stores under Summit Properties would lead to a boost in in-person shopping.
Currently, the mall features 42 storefronts, including a mix of national chains and local businesses. Among the existing anchor tenants, Dillard’s remains open and operational. However, one significant change is that the former Sears location will be transformed into a cancer and cardiovascular research center for LSU Health Shreveport, a development aimed at providing health services to the community.
While Summit Properties has not disclosed specific redevelopment plans as of yet, a representative from the company assured local stakeholders that further information would be shared in the future. The absence of official sale documents in Caddo Parish’s Clerk of Court and Tax Assessor’s office has raised some questions regarding the timeline and processes involved in the acquisition.
Other retail tenants, such as Ron Hajjem of Perfumes ‘n More, also expressed hope that the new ownership could help revitalize the mall. Local sentiment among business owners is largely positive, as many have longed for a revival to attract more visitors. The mall has faced significant challenges, especially following the closure of the Sears store in 2018, which had a lasting impact on foot traffic and store occupancy.
Community-oriented events are expected to play a part in the new ownership’s strategy. Organizing events could help draw more visitors to the Mall St. Vincent, fostering a stronger connection between local businesses and shoppers. The mixed reactions from the public to the ownership change reflect a blend of optimism and apathy, highlighting the community’s desire for tangible improvements in the shopping landscape.
As Summit Properties embarks on this new venture in Shreveport, the future of Mall St. Vincent holds promise, contingent upon effective revitalization efforts and community engagement strategies. With the commitment to enhancing the shopping experience and increasing foot traffic, both local business owners and shoppers are hopeful for a beneficial transformation at the mall.
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Additional Resources
- KSLA: Mall St. Vincent Appears to Have New Owner
- KTBS: New Owner Brings Hope for Revival at Mall St. Vincent
- KTAL: Shreveport Mall Revitalization Plans
- Shreveport-Bossier Advocate: Shreveport’s Mall St. Vincent Has New Owner
- Wikipedia: Shreveport, Louisiana
Author: STAFF HERE SHREVEPORT WRITER
The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in Shreveport, Caddo Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mudbug Madness Festival, Red River Revel Arts Festival, and Independence Bowl. Our coverage extends to key organizations like the Shreveport-Bossier Chamber of Commerce and Shreveport Regional Arts Council, plus leading businesses in gaming, healthcare, and energy that power the local economy such as Horseshoe Casino, Ochsner LSU Health, and Atmos Energy. As part of the broader HERE network, including HEREBatonRouge.com and HERENewOrleans.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.
