Crossroads Mall Has Brighter Future Thanks To New Owners

Wednesday, September 14th 2011, 6:18 pm
By: News 9

Jennifer Pierce, News 9

OKLAHOMA CITY – An Oklahoma City landmark has new owners and a new outlook. Crossroads Mall was recently purchased by local property investors who hope to give the mall a bright future.

The property was purchased three years ago by the Federal Reserve for $64 million. The local buyers bought the mostly-empty mall for $3.5 million. They say it is an amazing deal and worth every penny.

Tom Redwine prides himself on the unusual and rare items he sells. His coin and jewelry store is one of only a handful of stores that call Crossroads Mall home.

"Is that mall still open?" he said is a question he hears a lot.

John Wooley of Raptor Properties is excited about the purchase.

"We think we have a lot to work with and have a lot of options for the future," he said.

Most importantly, that means putting tenants in stores.

"Dillard's has look at this as a clearing house which we would like for that to happen," Wooley said.

Another project will be to spruce up the decor.

"It looked like it just needed some TLC," he said.

Wooley said the changes will take time and Oklahoma City residents might not see them for another year.

Still, some shoppers are looking forward to a revived Crossroads Mall.

"Yeah, if they brought in more stuff, it would be really great to have something close by to shop at," Raen Levendoski said.

Filling a parking lot that has seen little traffic in recent years is a reason for hope, Levendoski said.

The mall had some security issues in the past, but the new owners say there is plenty of security now and they plan to keep that a top priority for shoppers.