Merced County Times Newspaper
The Power of Positive Press

Here’s what to expect at the Merced Mall in 2024

CVJC PHOTOA section of the old Sears Buildings at the Merced Mall is shown open, empty and waiting for some sort of new construction.
CVJC PHOTO
A section of the old Sears Buildings at the Merced Mall is shown open, empty and waiting for some sort of new construction.

Editor’s note: The following CVJC story about updates at the Merced Mall was released in December before Christmas.

 

By VICTOR A. PATTON

CV Journalism Collaborative

Although the Christmas season inevitably brings a flurry of shopping activity to the Merced Mall, 2023 will ultimately end without the gift that local residents desire the most – the completion of long-promised renovations.

In fact, it doesn’t appear any work has happened at all, since CVJC broke the news an Aug. 9 business permit had been filed with the City of Merced to renovate the old Sears on the west side of the mall.

CVJC also reported Codding Enterprises of Santa Rosa, which owns the majority of the mall with the exception of the old Sears building, had put its section up for sale, and that a potential buyer had been selected.

So where do things stand now?

CVJC reached out to Ralph Deppisch, director of development for Sage Investco, the Newport Beach-based owner of the old Sears Building.

Deppisch explained Sage Investco’s section of the mall is still going through plan check review with city staff. Planners at City Hall also confirmed as much to CVJC.

Although there were initial plans to possibly begin construction on the project in November, Deppisch said he’s now looking at mid-January. “We’re looking forward to breaking ground,” Deppisch said.

Things also appear to be still in play for the majority portion of the mall that’s owned by Codding Enterprises. Codding put its part of the mall up for sale earlier this year, with an asking price of $32.2 million, Bay Area real estate publication The Registry reported.

Kaylee Stock, spokesperson for Matthews Real Estate Investment Services, the company involved in the sale, told CVJC in September a buyer for Codding Enterprises’ property had been selected.

On Dec. 7, Stock told CVJC the escrow process for the sale is still ongoing. The name of the potential buyer still has not been released.

Sections of the mall remain closed

The renovations on the old Sears building can’t come soon enough for Merced residents. Right now, what’s left of the building is a skeleton of gray walls and bare metal beams amid abandoned scaffolding.

The Merced Sears store closed after the company announced Chapter 11 bankruptcy in 2018. Sage Investco announced in April it had bought the property.

Once the renovation is complete, potential tenants include Ulta, Five Below, Petco, Burlington and Mattress Firm.

The estimated cost of the 91,174 square foot construction project is $4.5 million, according to the building permit application.

The eastern section of the mall next to the Kohl’s store – an area that once housed a CVS store – remains closed. The other half of the mall remains open for business, including the food court and a variety of shops and retailers.

Prior to the COVID pandemic, Codding had ambitious plans to renovate the eastern side of the mall, with the vision of building a Cinemark Theater. In recent years, even after the end of the pandemic, that project has not moved forward.

Victor A. Patton is the interim editor-in-chief for the Central Valley Journalism Collaborative, a nonprofit newsroom based in Merced.

You might also like
Comments