Eastland's new owner brings big promises, spotty record of mall redevelopment

[xrockerboy]

https://www.crainsdetroit.com/real-e...icle1-headline

The new owner of Eastland Center is a New York-based real estate investor who wants to bring the long-struggling mall in Harper Woods back to life — a plan that hasn't panned out for some of his other properties, including in Michigan.

Mike Kohan, principal of Great Neck, N.Y.-based Kohan Retail Investment Group, placed the winning $3.125 million bid for a 640,000-square-foot chunk of the mall. The deal with CWCapital, which has owned the mall since it went into foreclosure in 2016, closed last week, Kohan said.

[313WX]

I just can't see it happening for Eastland.

Like Northland, it needs to be put out of its misery.