Company officials reiterated Friday that they intend to sell only three or four of those 13 and keep the rest, at least for now.
Elder-Beerman has operated stores on both ends of the Beavercreek mall for several years but announced in April that it will consolidate into its store on the north side of the mall that holds its Men’s, Kid’s and Home departments. The consolidation will leave vacant the portion of the mall that previously housed Elder-Beerman’s women’s departments and once housed a Parisian department store.
Under Glimcher’s plan, that portion of the mall would be torn down to pave the way for restaurants or “entertainment concepts,” according to Fairfield Commons mall spokeswoman Kristie Miller. There has been considerable interest in the spaces, Miller said. Demolition will likely begin late this year or early next year, Miller said.
Beavercreek Associate City Planner Sandra Pereira said Friday that Glimcher officials have discussed the demolition project informally with city officials.
Late Thursday, the publicly traded Glimcher reported its second-quarter 2014 earnings report that showed a net loss to shareholders of $5.6 million, or 4 cents a share. But total revenues and the average rent that Glimcher charges to mall tenants rose over last year, and total occupancy for Glimcher’s malls increased from 94.7 percent a year ago to 95.3 percent this year.
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