The partnership has negotiated the quick termination of alltenants except Sears and Jo-Ann Fabrics. These stores will stayopen while the rest of the mall is demolished. "We value Sears as aneighbor and we look forward to a successful relationship goingforward," a spokesman for the LLC said in a statement.

The spokesman tells GlobeSt.com that though the mallsignificantly declined since it's heyday, the property is still ina great location for retail. "It's a high-density area, with a verysolid residential community and infrastructure, and tremendousaccess from local highways," he says.

Plans for the redevelopment are not being announced yet, hesays. "We haven't determined what the development will be," thespokesman says. "It's very preliminary, but I can say we'reexploring numerous options. We're not ruling out anything, but Idoubt very highly that it will be another enclosed mall. I can'tput any timeframe on when a plan will be revealed." He also refusedto put a price tag on potential redevelopment costs. Partnershiprepresentatives are talking to prospective tenants at the ICSCconvention in Las Vegas this week, he says.