News Summary
Summit Properties USA has officially acquired Mall St. Vincent in Shreveport, Louisiana, signaling potential revitalization for the long-struggling retail space. With a plan to bring new life to the mall, as well as the prospect of transforming the vacant Sears space into a medical facility, local business owners are hopeful for increased foot traffic and new tenants. The community eagerly anticipates developments that reflect local culture and enhance the shopping experience, while Summit Properties has yet to reveal specific plans for the mall’s future.
Shreveport, Louisiana – Summit Properties USA has formally acquired Mall St. Vincent, prompting excitement and hope for revitalization after several years of stagnation. The announcement of the acquisition was made through a social media post where the company expressed its intent to “bring back the fun, the local love, and the kind of shopping experience that makes you want to stay awhile.”
The mall, located at 1133 Saint Vincent Ave, currently operates with only one anchor tenant, Dillard’s, as the previous anchor, Sears, closed its doors in 2018. The now-vacant Sears space is earmarked for transformation into a medical facility by LSU Health Shreveport, which plans to establish a cancer and cardiovascular research center there.
Local tenants within the mall have voiced their optimism about the potential for an influx of new stores and positive changes under the new ownership. One of the kiosk managers, Ray Mohammed of Elite Jewelers, noted that although the COVID-19 pandemic significantly impacted traffic to the mall, shoppers still prefer in-person shopping for its customer service benefits. The sentiment echoed among other local business owners who are hopeful for the mall’s revival.
At present, the mall houses 42 storefronts that consist of a mix of national chains and local businesses. Local shop owners, including Ron Hajjem, who operates Perfumes ‘n More, have advocated for developments that will enhance the mall’s appeal and restore it to its former bustling state.
Summit Properties has not disclosed any specific redevelopment plans for Mall St. Vincent yet. However, the company is known for creating community engagement events aimed at increasing foot traffic, such as car shows and vendor showcases, which the current tenants hope to see included in future programming.
General Manager of the mall, Jay Fontenot, expressed a hopeful outlook regarding the potential for new tenants and envisioned a space that reflects the local culture and community ethos of the Shreveport-Bossier area. There are also plans underway to engage local artists by inviting them to submit work for a new mural on an interior hallway, further emphasizing community involvement.
Despite historical difficulties with declining foot traffic, particularly following the closure of Sears, there is a prevailing sense of hope among business owners and local stakeholders that the arrival of Summit Properties may catalyze a turnaround for the mall. The community looks forward to potentially revitalized offerings that could draw visitors back to Mall St. Vincent.
While the acquisition paperwork has yet to be filed with the Caddo Parish Clerk of Court and Caddo Tax Assessor, the transition into new ownership marks a significant step towards addressing the challenges the mall has faced. As the situation unfolds, community members and local retailers remain optimistic that new leadership will usher in a positive change, contributing to the revitalization of Mall St. Vincent.
Deeper Dive: News & Info About This Topic
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Additional Resources
- KTBS: New Owner Brings Hope for Revival at Mall St. Vincent
- KSLA: Mall St. Vincent Appears to Have New Owner
- MSN: Mall St. Vincent Appears to Have a New Owner
- Shreveport Bossier Advocate: Mall St. Vincent Has New Owner
- KTAL News: Shreveport Mall Revitalization Plans
- Wikipedia: Mall St. Vincent
- Google Search: Mall St. Vincent
- Google Scholar: Mall St. Vincent
- Encyclopedia Britannica: Mall St. Vincent
- Google News: Mall St. Vincent
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.
