News Summary
Summit Properties USA has officially acquired Mall St. Vincent in Shreveport, Louisiana, aiming to revitalize the retail complex that has struggled in recent years. The ownership change was announced on social media, with a focus on improving the shopping atmosphere and engaging the community. Local businesses express optimism, hoping for the introduction of new stores to boost foot traffic impacted by COVID-19. While no redevelopment plans have been disclosed yet, the acquisition sparks hope for a renewed shopping experience in Shreveport.
Shreveport, Louisiana – Summit Properties USA has officially acquired Mall St. Vincent, marking a significant turning point for the retail complex that has struggled in recent years. This acquisition is viewed as a potential revitalization effort aimed at reinvigorating the shopping experience in Shreveport.
The announcement of the ownership change was made on social media, where Summit Properties emphasized their commitment to enhancing the mall’s atmosphere and shopping options. They articulated a vision of not only revitalizing the mall but also fostering a sense of community and enjoyment among shoppers.
Local businesses within the mall are already expressing optimism about the potential changes. The manager of a kiosk, Elite Jewelers, noted the hope that new ownership will lead to the introduction of additional retail stores, boosting foot traffic which had been severely impacted by the COVID-19 pandemic. Other retailers, like the owner of Perfumes ‘n More, share similar expectations, looking forward to a rise in customer engagement and activity as the new management takes charge.
Currently, Mall St. Vincent houses 42 storefronts, featuring a mix of national chains and local services such as Claire’s, Bath & Body Works, and various hair and nail services. Among its offerings are also a church, a non-profit organization, and offices. The mall’s anchor tenant, Dillard’s, continues to operate, although the space once occupied by Sears is in the process of being transformed into a medical facility after its purchase by LSU Health Sciences Foundation.
Despite the acquisition not having any disclosed redevelopment plans yet, the community remains hopeful that Summit Properties will provide the much-needed energy and innovation required to restore the mall to its former glory. At present, paperwork to finalize the sale has not been submitted to local authorities, indicating it may take additional days to process the ownership transition fully.
Summit Properties, known for developing and managing various property types, has a history of acquiring struggling retail sites. Their acquisition of Mall St. Vincent follows in the footsteps of the previous owner, Kohan Retail Investment Group, which specialized in distressed properties. The effectiveness of this acquisition will be closely monitored by local citizens and business owners, all of whom are eager for a successful turnaround that could bring new life to the mall.
As the local economy continues to recover from the impacts of the pandemic, the role of Mall St. Vincent as a retail destination is under scrutiny. Stakeholders in the community are hopeful that improved conditions under the new ownership will encourage residents to engage more with local businesses and enjoy a revitalized shopping experience.
For now, the future of Mall St. Vincent hangs in the balance as Summit Properties prepares to carve a new path forward, focusing on developing a shopping environment that attracts both shoppers and tenants alike. The community eagerly awaits further announcements regarding specific plans and enhancements that may reshape their local retail landscape.
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Additional Resources
- KTBS
- Wikipedia: Mall
- KSLA
- Google Search: Mall St Vincent Shreveport
- KTAL News
- Google Scholar: Mall St Vincent Shreveport
- Shreveport Bossier Advocate
- Encyclopedia Britannica: Malls
- MSN Money
- Google News: Mall St Vincent Shreveport
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.
