Work on long-discussed open-air Bridges at Mint Hill is delayed until developers’ financial status is resolved.
There’s a chance that Bridges at Mint Hill could break ground as early as next year, depending on when General Growth Properties emerges from bankruptcy, according to Childress Klein partner Chris Thomas.
“I’d like to say that we’d start back next year and open in 2013, but at this time I just don’t know,” Thomas said.
“It appears that General Growth is going to come out of Chapter 11 later this year, and I think the process is progressing favorably. There’s a reasonable possibility that we will break ground next year, but until General Growth is out of bankruptcy, we can’t talk about resuming construction.”
The open-air mall would be built on more than 200 acres on Lawyers Road near I-485. A portion of the land is owned by Childress Klein Properties in Charlotte and a portion by General Growth Properties, headquartered in Chicago.
The project has been in the planning stages since 2005 and was to have opened last year. The developers stopped work during the recession.
Thomas says the project is still viable, just on a different timetable. And when construction does begin, he says it will be built in phases.