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Local Business

New mall owners 'plan to do a lot,' representative says

Charlestowne Mall, 3800 E. Main St., St. Charles, is under contract to be sold.
Charlestowne Mall, 3800 E. Main St., St. Charles, is under contract to be sold.

ST. CHARLES – The investment group working to buy Charlestowne Mall hopes to turn it into a shopping center the community can enjoy and embrace, a representative said Friday.

"It's our hope that the community will appreciate what we intend to do here," said Mark Goodman of SC 3800 Main LLC.

Charlestowne Mall, 3800 E. Main St., St. Charles, is under contract to be sold. The property last changed hands in 2010, when a group of California investors bought it for $9.5 million. Since then, banners have advertised such changes as an indoor ice skating rink and a seafood and sushi buffet, but neither materialized.

Last year, such tenants as Victoria’s Secret, Bath & Body Works and Claire’s left the mall. Now, Charlestowne – which once had more than 120 tenants – has few tenants other than anchors Kohl’s, Carson Pirie Scott, Von Maur and Classic Cinemas Charlestowne 18.

SC 3800 Main LLC intends to keep Charlestowne a mall, Goodman said. But the group is keeping details under wraps until it is further along on its plans, he said, adding more information should be released in the next 45 days.

"We plan to do a lot to the mall," said Goodman, who is also president of Mark Goodman & Associates Inc. in Chicago.

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