No, the Maguires are not buying the mall

first_imgYour Economy & Development news is made possible with support from: Brian Crandall “We evaluated the opportunity as it was an active listing, but concluded that it was not ideal for several reasons. First, Namdar intends to sell off the mall in pieces. Maguire would want to acquire the property in its entirety. Second, core retail sections facing Route 13 are currently occupied with long-term leases. Maguire is open to future expansion opportunities in Ithaca and Lansing, and we recognize that we can be a valuable solution to revitalizing retail spaces sitting vacant as a result of the Amazon Effect,” he said.It appears there was an ounce of truth to the pound of rumors. Maguire did check out the mall, but Namdar Realty has been trying to sell it off in pieces, which is part of their strategy to lock in existing tenants – retailers are less likely close up shop when they own the spaces they occupy. At last report, the only tenant that has expressed interest in buying out their space is Target, which likely isn’t interested in a large chain of car dealerships setting up shop next door. Maguire’s statement suggests that Dick’s, Ulta Beauty and/or Best Buy are also in there for the long haul as renters if not potential buyers, given that they face Route 13 and occupy recently renovated spaces.Namdar Realty did not respond to comment regarding the Maguire project and long-term plans for the mall.As for the Maguires’ plans, it’s as the Voice reported in January – after Nissan comes a renovation of the Chevrolet and Cadillac dealership on Cinema Drive, and scouting out sites for a new Hyundai dealership and a new Subaru dealership. As those plans come forth, the Voice will keep you posted. Just don’t expect them to be at the mall. center_img Tagged: Ithaca Mall, Maguire Family of dealerships, Phil Maguire, retail, shops at ithaca mall, village of Lansing LANSING, N.Y. — Everyone likes a juicy bit of gossip. Sometimes it’s true, and sometimes, it’s not. It’s been a persistent rumor the past several weeks that the Shops at Ithaca Mall is being bought by the Maguire Family of Dealerships.As it turns out, that’s not happening.At a glance, it would seem plausible. The former Penn-Can Mall in suburban Syracuse had been bought and turned into a massive auto mall in the 2000s.Image Property of Namdar Realty.Certainly, the mall could use the investment as well – plagued with high vacancy and diminishing long-term prospects, the tax assessment for the Shops at Ithaca Mall decreased this year from $31 million to $19.35 million. It’s a good thing that the Village of Lansing has seen several other developments recently open or in the pipeline to supplement the loss in property taxes. One of the projects being reviewed right now is the new Maguire Nissan planned for Uptown Road.With the Maguires in expansion mode and the mall in need of some big tenants, it seemed like a good match – put those acres of parking and loop roads to use for a cluster of car dealerships. However, that’s not in Phil Maguire’s plans.“The Maguire Family of Dealerships has not made an offer, nor are we planning to make an offer to acquire the Shoppes at Ithaca Mall,” stated company president Phil Maguire. Brian Crandall reports on housing and development for the Ithaca Voice. He can be reached at [email protected] More by Brian Crandalllast_img read more

Cricket News New Zealand prolong India’s pain in Twenty20 Internationals

first_imgIndia suffered an 80-run loss, which is their worst in this format.India have not yet won a T20I in New Zealand.New Zealand have increased their head-to-head record against India to 7-2. highlights New Delhi: If there is one format where India has consistently struggled against New Zealand in the last decade, it is in the Twenty20 International format. Rohit Sharma’s Indian cricket team was attempting to break their jinx of never having won a T20I in New Zealand and they headed into the first match at Westpac stadium high on confidence. However, New Zealand went one better and handed India their heaviest defeat in terms of runs in this format. Kane Williamson’s side registered 219/6, the joint-second highest show in Twenty20 Internationals against India and the bowlers delivered a clinical show to record an 80-run win and go 1-0 up in the three-match series on Wednesday.In the ODIs, the Indian cricket team had put in a clinical performance in all departments. Here, in the Wellington T20I, it was New Zealand’s turn. India chose to bowl and after a quiet first over from Bhuvneshwar Kumar, Colin Munro broke the shackles with two consecutive boundaries off Khaleel Ahmed. The confidence showed by Munro rubbed off on Tim Seifert, the right-hander who has been compared to Brendon McCullum and he blasted a four and launched Bhuvneshwar’s slower ball for a six over long on.Munro, who had struggled in the ODIs, showed that T20Is was more to his liking by launching two consecutive sixes off Khaleel. After being dropped by MS Dhoni, Seifert launched Krunal Pandya for a six over fine leg to bring up the fifty-run stand in just the fifth over. The New Zealand openers found the boundary on a regular basis, with Seifert hitting two fours and a six in two overs bowled by Hardik and Krunal. The right-hander reached his fifty off 30 balls but Krunal broke the stand when Munro (34) holed out to Vijay Shankar at long on. Seifert stepped up a gear and launched two sixes off Krunal, one over deep square leg and the other to long off. Even Yuzvendra Chahal was not spared as he launched him for a four and a six over deep midwicket. However, on 84, Seifert was bowled by Khaleel but he had the third-best individual score by a New Zealand player against India.New Zealand did not lose momentum with Kane Williamson blasting two sixes off Hardik Pandya. Karthik redeemed himself by taking a well-judged catch off debutant Daryl Mitchell. India staged a mini-comeback by getting rid of Williamson for 34 with Chahal getting the breakthrough but New Zealand never got bogged down. Ross Taylor blasted a couple of sixes and Scott Kugglejin hit two fours and a six off Bhuvneshwar in the 19th over. New Zealand’s 219/6 was their highest total against India and joint-second highest by an opponent against India.India blown awayFor India to get off well, they needed Rohit and Shikhar Dhawan to start well. The left-hander pounded two sixes and a four off Kugglejin but Tim Southee got the big wicket of Rohit (1) with the Indian skipper mistiming a short ball to deep square leg. Vijay Shankar came in and targeted Kugglejin by smashing him for two sixes and a four as India made good progress in the powerplay.However, Lockie Ferguson’s pace made the difference and his 151 kmph delivery in his first over cleaned up Dhawan for 29. Shankar carried on the good work by thumping Mitchell Santner for a six but the seventh over bowled by Daryl Mitchell increased the run-rate and the pressure. Santner had the last laugh by getting rid of Rishabh Pant (4) and Vijay Shankar (27) in the same over. Another double strike by Ish Sodhi, getting rid of Karthik (5) and Hardik (4) killed the contest.With the asking rate over 22, it was too much a task for MS Dhoni and Krunal and the boundaries dried up. In the end, New Zealand finished off proceedings to prolong India’s pain of never having won a Twenty20 International in New Zealand. With this win, New Zealand has improved their head-to-head record against India to 7-2 in this format and they would want to end the series against India on a high with a win in Hamilton. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more