After years of attempts to take over the River Oaks Center mall, Calumet City took steps Thursday to acquire portions of the property through eminent domain. Mayor Thaddeus Jones pitched his plan for quick-take action of the long declining shopping center following failed negotiations with Namdar Realty Group, which has owned the property since 2017. “Namdar has offered counter that they think the value of the property is $40 million,” Jones said.

BING NEWS:
  • Calumet City initiates eminent domain to acquire River Oaks Center
    The City Council approved quick-take action of the declining Calumet City shopping center following failed negotiations.
    10/18/2024 - 5:25 am | View Link
  • St. Louis considers eminent domain for 80 north city properties
    The City of St. Louis says eminent domain proceedings are underway for nearly 80 properties in north city neighborhoods.
    10/11/2024 - 9:18 am | View Link
  • St. Louis files petition to acquire Railway Exchange building through eminent domain
    St. Louis officials have formally filed a petition to acquire the city’s abandoned Railway Exchange building through eminent domain.
    10/4/2024 - 7:25 am | View Link
  • More

 

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