Tag: San Jacinto Mall

SAN JACINTO MALL ANCHORS CAUSING REDO PLANS TO DRAG “It’s been slow and tedious — We didn’t count on the myriad problems all the traditional mall department stores are having,” Alan Hassenflu of Fidelis Realty Partners tells Katherine Blunt this week in the Chronicle, while discussing the company’s stagnating attempt to redo Baytown’s San Jacinto Mall. The company’s plans to knock down and rebuild the mall after buying it last summer are running up against drawn-out negotiations with tenants who signed restrictive covenants back in the early 80’s — agreements which can mean developers have to get those tenants to okay changes to the mall, and which can last for decades longer than original operating agreements. “In the case of San Jacinto,” writes Blunt, “the 3 remaining department stores have occupied their buildings for far longer than required under the operating agreements. But the restrictive covenants remain in place, giving them the some control over the mall’s future.” [Houston Chronicle; previously on Swamplot] Photo: Ray D.