Metropolis could get Bass Pro

May 17, 2008
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metropolis.jpgPlainfield's top retail destination could become a much larger draw if a Florida-based developer gets its way. DeBartolo Development has a preliminary deal to buy Metropolis and hopes to land Bass Pro Shops and Macy's for a second phase. DeBartolo has a letter of intent with Atlanta-based Dominion Capital Management LLC to buy the 600,000-square-foot Metropolis and several other mall properties developed by Premier Properties USA Inc. Dominion, one of Premier’s largest lenders, took control of the properties in April, shortly before Premier sought Chapter 11 bankruptcy protection. DeBartolo already is working on site plans for Metropolis and plans to recruit tenants at the International Council of Shopping Centers convention in Las Vegas May 18-21. (Stay tuned to Property Lines for updates from the convention this week.) The full story on Metropolis is here.
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