First off, before the elitists think about coming in and biting my head off, because they know more and whatnot, this is only what I was told.

I will start with the Best Buy news. The new Best Buy on I-240 will be one of 22 stores in the nation, and the only one in Oklahoma, that is labled a "connected" store. What this means, is that they will be able to walk around with tablets, scan your items, and check you out, without having to wait in lines. Pretty cool, indeed.

Now for the CRM bit. I tried looking up the records on the county assessor site, but couldn't find a listing for CRM period.

Anyhow, someone told me that the chick I said who bought the mall, DID indeed buy the mall. However, her plans fell through, so she ended up selling it to two guys from out of state, who have purchased and flipped other malls.

Ironically, this person told me this, as I was driving to the store in which this person worked at and noticed something going on at JC Penney's building. At the old JCP building, I saw three semis docked at the docking bay, and three trucks parked right infront of the west JCP door, that faces the dinky community colleges.

Anyhow, this person told me that this year, Dillards entire first floor will be used as a haunted house. That should be cool if indeed true.

Back to the two guys, however. This person told me that the mall has indeed been sold, and when I asked are they trying to make it a market center or a mall, this person told me they're trying to keep it as a mall.

This person then told me that they may even hold a statewide competition where someone gets to rename the mall.

ALL OF THIS IS RUMOR, but the person I spoke to not only knew the lady I was always mentioning, but used to work at the mall recently as well, but now works at a business close to the mall.

I have no reason to call everyone liars, so it is what it is. I will believe this person for the time, until some time passes and nothing ever happens.

I just thought I'd share this info, incase it's true. So to summarize -

- Two dudes bought the mall from the chick who was going to turn it into a market center
- Looking to keep it as a mall
- Looking to hold a contest where people can choose the name of the mall
- Best Buy on I-240 will be one of 22 stores nationwide, that is a "connected store"

As for me seeing the trailers in the docking bay, as well as three pickup trucks parked on the west side of JCP, that's just that. I saw activity, but I don't know what. Not saying it has anything to do with what this person told me. Just thought it was interesting to see things happening in the old JCP building, when it's not even open.

Take this however you want.

I believe you, sweetie. CRM isn't gonna be dead anytime soon.

I find the 'connected store' idea odd and a novelty at best. Since when has anyone waited in line at Best Buy (other than some big promoted sale or Black Friday)? I've been in that location many times and the line is usually only 0-2 customers deep. I'd think that location has less traffic than any of their other area locations. Also, I get annoyed enough when I'm in Best Buy, I don't need people asking me "You ready to check out?" Seriously, I was in the MWC location over the weekend and must have been asked 6 times if I needed anything.

I find the 'connected store' idea odd and a novelty at best. Since when has anyone waited in line at Best Buy (other than some big promoted sale or Black Friday)? I've been in that location many times and the line is usually only 0-2 customers deep. I'd think that location has less traffic than any of their other area locations. Also, I get annoyed enough when I'm in Best Buy, I don't need people asking me "You ready to check out?" Seriously, I was in the MWC location over the weekend and must have been asked 6 times if I needed anything.

No idea, honestly, man. Just think it's a cool concept. Maybe it just speeds up the process.

I do agree with them hounding customers a lot, if they need help. I always feel as if they think I'm some kind of thief, and they're snooping on me, so I get a bit snooty.

Thunder, I know you'd believe me of all people. You and I seem passionate about the mall. However, this isn't news that comes out of my passion for the mall. It is just a rumor for now. I would like to see if the mall is indeed sold, through the assessor site, but I couldn't find a listing using CRM's address.

Or rather, Thunder, I am saying rumor to please those here who want to flip out over nothing.

I personally have no reason to think the person is lying. I never thought the person who told me the mall was sold the first time was lying. Plans change.

With that said, let's just "treat it" as a rumor, to please those who might point the finger and say "uh-uh. This and that. I'm right, you're not."

However, if someone can find info on the assessor site and post a link, that would be greatful.

Well, I found the listing on the Oklahoma County Assessor's site.

I don't know how to read it that well, but it looks like nothing's changed?

That doesn't mean I am going to call this person, who just recently left the mall a liar. I have no reason to judge people like that, when they're only trying to provide useful information.

I say we wait and see what happens. If his information is true, it will be cool to see the entire first floor of Dillards be a haunted house this year. That would be pretty big. As for the mall itself, if two dudes did buy it, with the intent on renovating the mall, then that would be awesome as well.

Only time will tell.

here's a link to the assessor's site... (http://www.oklahomacounty.org/assessor/Searches/AN-R.asp?ACCOUNTNO=R132164070)

-M

/edit: looks like i posted a minute too late. : ) -M

Maybe it is not Dilliard's. It could be the JCP store being converted into a major haunted attraction hence the trucks.

And the lines at the Best Buy near CRM are always long every time I go in there. I'd wait about 15 minutes each time I want to buy something at the register.

i'm pretty sure that the haunted house was in the jcp property in years past... my guess is that it'll be there again this year.

the last couple times i've been to the crossroads bestbuy, it's been a ghost town... maybe that will turn around when they move to penn.

-M

How can someone buy something from someone else if that someone else never owned it? In other words if there is no record of it ever changing hands (the sell fell through for whatever reason) and the lady never owned it, how can she turn around and sell it? IIRC, there was a story a while back that mentioned while the Feds still owned it, it was being removed from the official vacant occupancy lists for some reason or another. May be confusing it with something else, will try to dig it up and amend this post as needed.

I am not calling anyone I liar either. Just maybe they are operating on rumor or second or third or fourth hand misinformation as well.

ON EDIT here is the story form a month and a half ago...
http://www.istockanalyst.com/business/news/5281986/federal-reserve-owned-crossroads-mall-crossed-off-oklahoma-city-retail-property-survey
Federal Reserve-owned Crossroads Mall crossed off Oklahoma City retail property survey (Oklahoman, 7/9/11)

Price Edwards & Co. took it out of its regular survey of retail property -- all 1.1 million square feet of it, counting the almost empty mall itself and two freestanding vacant buildings, former Macy's and Dillard's department stores.
...
Price Edwards continues offering the mall for sale for its owner, the Federal Reserve Bank of New York. The asking price is $6 million for the 762,532-square-foot mall.
...
Price Edwards was enlisted to market Crossroads Mall by Maiden Lane LLC, a "special purpose vehicle" created by the New York Fed in 2008 as part of the Fed-led takeover of Bear Stearns Cos. Inc. by JPMorgan Chase & Co.; Maiden Lane took on a portfolio of Bear Stearns assets that JPMorgan found too risky even while acquiring Bear Stearns at a bargain.
Bear Stearns, then the Fed and Maiden Lane, got Crossroads because the former mall owner, Macerich Co., had refinanced $61.2 million with Bear Stearns in 2006. The mall was a rare brick-and-mortar asset acquired by the Fed in March 2008, at an early stage of the mostly paper Wall Street bailout.
In summary, the Feds still own it, it never sold and there is no indication that it has sold since the story was written (although they do offer the glimmer of hope that it is expected to sell in the next few months).

Larry, I wouldn't trust the county assessor stuff. It wouldn't always list a sale.

Thunder, think they are required by law to list all transactions (unless there is a legal exemption), it is a matter of public record. Those that have more knowledge about that kind of stuff, please correct.

I have emailed the appropriate parties for answers to my questions. Will post the response I get.

Larry, it's a conspiracy to hide the truth. Haven't you heard?

Larry, it's a conspiracy to hide the truth. Haven't you heard?

Well, I can say that out of all the properties my parents have owned, some of the information listed on the assessor site was false or incomplete.

Not to say that's the case with this. I'm just not going to be some dork who likes to find every reason to be a pessimist or negative and call everyone out as a fraud in terms of their info.

It's just info. Let's see what happens. If something happens, cool. If nothing happens, oh well. Not like words or info, wrong or not, blows up the world.

And as for the haunted house. Maybe it is in JCP. I never knew it was in there before, but any of those locations could make for a long haunted house. That's what I always like in my haunted house ventures, because it's impossible to scare me. So to make up for it, longevity rules.

First off, before the elitists think about coming in and biting my head off, because they know more and whatnot, this is only what I was told....

Anyhow, someone told me that the chick I said who bought the mall, DID indeed buy the mall. However, her plans fell through, so she ended up selling it to two guys from out of state, who have purchased and flipped other malls.
...
Back to the two guys, however. This person told me that the mall has indeed been sold, and when I asked are they trying to make it a market center or a mall, this person told me they're trying to keep it as a mall.
...
ALL OF THIS IS RUMOR, but the person I spoke to not only knew the lady I was always mentioning, but used to work at the mall recently as well, but now works at a business close to the mall.

I just thought I'd share this info, incase it's true. So to summarize -

- Two dudes bought the mall from the chick who was going to turn it into a market center...
Take this however you want.
Please don't misread this as an attack on you. That is not the intent. But I am reading more of this second hand (or more info) with nothing to back it up. That is all people were trying to point out in previous threads. Yes, official records can be wrong and/or incomplete. As in the wrong price listed or wrong purchasing entity). No one is disputing that either. you even said it looked like nothing has changed when you did locate it on the site. But even this above post sounds like more of the same...even a working title for a sitcom (Two Dudes a Chick and a Market Center...and it becomes Two Guys a Girl and a Pizza Place).

When did the Chick buy the Mall? (everything indicates that the Feds have owned the mall since they took it over, see above post)
When did the 2 Dudes buy the Mall? Again, according to the info just a month and a half ago, the Feds still owned it.

While entertaining to read, this is more like the fodder at the checkout stand. Some of it may indeed turn out to be true. Most of it, not so much. As you concluded, "take this however you want", so why get ruffled if someone does just that?

Just curious megax11, are you talking about the Best Buy on I-240 at I-35, or the one at I-240 at Penn? Am I mistaken or isn't there one over there in the strip mall near Penn as well?

I'm not ruffled at all. I can't vouch for others, however.

I just know that my time on the OKCtalk forums has shown me that some here can act very immature at times.

I don't care who is right or wrong in the matter. It's just rumor. Rumors can go two ways. They're either true, or they're not.

Either way, having the subject brought up incase it turns out to be true, can make for very interesting discussions later on.

As for when this chick bought the mall to begin with. The "deal" was supposed to have been finalized 2 days before (trying to recall) I posted my first topic about the marketplace.

My friend who worked for Crane Displays knew some chick named Kristi Clemens (Klemens), who is her friend, but heads up the mall currently. They all had the 411. I just relayed what some person told me, who ran a sports merch store upstairs.

Now my new info is coming from someone who works near the mall, that used to work in the mall. I asked if he was for sure the mall was sold this time, having known that plans have fell through once. He said he was sure.

Who knows, honestly. Like I said, it is what it is.

Rumors aren't a bad thing, unless it's childish rumors. If this turns out to be true. Cool. If not, oh well. This thread will be lost into the oblivion that is the OKCtalk forums dead topics or the internet in general.

As for now, I'm going to give this person the benefit of the doubt. I have no reason to call everyone liars. Any human can be wrong, even those who run the government, whose job is to keep people (?) up to date on what sold and what didn't. Likewise, the guy could be wrong as well. In the event he isn't, it would be cool to use this thread to talk about what we would like to see if this mall is to shine again.

Hell, if anything, let's just talk about the haunted house. Maybe they will use the underground tunnel full of zombies? They will need massive insurance policies to cover all of the... accidents... :P

Just curious megax11, are you talking about the Best Buy on I-240 at I-35, or the one at I-240 at Penn? Am I mistaken or isn't there one over there in the strip mall near Penn as well?

Yeah, the "connected" Best Buy will be the one opening on Penn and 240 this October. Maybe they project having lots of business in that location. Lord knows it's easier to get to, unlike the Best Buy at Crossroads.

The Crossroads location will be up for sale as soon as they open on 240 and Penn.

Mega, again how can the 2 Dudes have bought the mall from the Chick, when it wasn't hers to sell? The deal fell through. Wasn't completed. Right?

You obviously believe this "rumor" to be true. What fact-based, verifiable basis leads you to that conclusion?

Yeah, the "connected" Best Buy will be the one opening on Penn and 240 this October. Maybe they project having lots of business in that location. Lord knows it's easier to get to, unlike the Best Buy at Crossroads.

The Crossroads location will be up for sale as soon as they open on 240 and Penn.

Okay that is what I was thinking, that makes sense to me because that area seems so much busier anytime I have driven by. I can see where the mobile checkout would be a lot more convenient for people buying big ticket items. As it is right now at Best Buy for big items you 'select' something in the (for example) PC area, have someone else go to a store room and get the actual item, then have the original dude walk you up to the front counter with the item to make sure you aren't going to steal it (LOL), then wait in line, then check out with a third person, then leave (sometimes while a fourth guy mildly accosts you for 'security reasons' on your way out). On the flip side, when I bought an Apple a while back at the Apple Store the guy I was casually asking questions to about the product, when I said let's do it, just pulled out his iPhone and swiped my card right there, and that was it and I left. I didn't even have to wait for a receipt because I was on file and it just emailed me automatically, and my iPhone chirped letting me know I had the receipt before I even walked out the door. It was really nice.

Mega, again how can the 2 Dudes have bought the mall from the Chick, when it wasn't hers to sell? The deal fell through. Wasn't completed. Right?

You obviously believe this "rumor" to be true. What fact-based, verifiable basis leads you to that conclusion?

Larry, you misread. The lady did bought the mall, but the plans to convert it into the market center fell through. She then sold the mall to two dudes (maybe they are gay?).

Larry, you misread. The lady did bought the mall, but the plans to convert it into the market center fell through. She then sold the mall to two dudes (maybe they are gay?).



Why do you always feel the need in insert such BS

Thunder, that's compelte stupidity, I'm sorry. And because it's two guys, that means they're gay? The crap that comes from your mouth man.....

No "chick" and no "dudes" have bought the place. Your opinion of the assessor is totally incorrect. I have yet to see anything not posted the same week it happened. They are updating that site daily and it's correct. There may be some data entry errors every once in a while on figures or LLC names, but the sale itself is there. Crossroads does not have any sales on it. You can clearly see the last sale was in 2006. Don't misread the page for Notice of Values or non-sale documents. So unless a new owner came about through purchasing the LLC, then the same folks own it that have owned it since 2006.

Sorry to burst the bubble, but the place is still falling into a pit of dispair.

At the risk of encouraging Thunder --- the County site is only updated after a deed is recorded (and sometimes it takes 2-3 weeks before a deed gets from the County Clerk over to the Assessor and actually gets run through the system). Many times a deed is not recorded until well after a sale, for a number of reasons.

...I have yet to see anything not posted the same week it happened. They are updating that site daily and it's correct. There may be some data entry errors every once in a while on figures or LLC names, but the sale itself is there. Crossroads does not have any sales on it. You can clearly see the last sale was in 2006. Don't misread the page for Notice of Values or non-sale documents. So unless a new owner came about through purchasing the LLC, then the same folks own it that have owned it since 2006.

Sorry to burst the bubble, but the place is still falling into a pit of dispair.


At the risk of encouraging Thunder --- the County site is only updated after a deed is recorded (and sometimes it takes 2-3 weeks before a deed gets from the County Clerk over to the Assessor and actually gets run through the system). Many times a deed is not recorded until well after a sale, for a number of reasons.
I got a very rapid reply reply (have asked a follow up and will post when I get it) here is what the Assessor's office had to say...

All property records are open to the public and accessible through our website. Once a new deed of ownership is “Officially” recorded with the County Clerk’s office we update our records. An average timeline is 3-4 days upon the initial filing with the Clerk’s office.

In looking at the current ownership of Crossroads Mall (4 separate account/owners) they are all private entities. I’ve included links below to each account.

ACCOUNTNO
ACCTTYPE
NAME1
LINK

R132164090
Commercial
CROSSROADS MAIDEN LANE LLC
http://www.oklahomacounty.org/assessor/Searches/AN-R.asp?Accountno=R132164090

R132164080
Commercial
CROSSROADS/150 LLC
http://www.oklahomacounty.org/assessor/Searches/AN-R.asp?Accountno=R132164080

R132165000
Commercial
DILLARD DEPARTMENT STORES INC
http://www.oklahomacounty.org/assessor/Searches/AN-R.asp?Accountno=R132165000

R132164070
Commercial
CROSSROADS MAIDEN LANE LLC
http://www.oklahomacounty.org/assessor/Searches/AN-R.asp?Accountno=R132164070
Not really familiar with these types of records and have asked for clarification. That said, it looks like the Feds (Maiden Lane) have continuously owned the Mall itself since they acquired it. Certain tenant-owned anchor building title(s) has passed from one of their own corporate entities to another.

Best Buy's move to smaller location was bound to happen sooner or later regardless of Crossroads success or failure. There is no need for electronics stores to be the giant stores they used be. The majority of electronics have shrunk in size and companies have changed packaging materials to where they can ship more merchandise per truckload. Not to mention many items have become obsolete since the 90's. I predict the next thing to leave electronics stores will be recorded media. The days of buying movies and music on individual pieces of media are about to come to an end. That in itself is a large amount of floor space that will no longer be needed. In the next few years people will use the internet, vending machines or kiosks inside stores. People like the idea of buying only the tracks they like not the half-baked filler that filled LP's, Cassettes, CD's for years.

Since online retail is succeeding by leaps and bounds these days, I predict Brick and Mortar stores will have to offer specialty services like delivery, install and home shipping for out of stock items.

Which makes me wonder if places like Crossroads will even have a presence 5,10,15,20 years from now. Malls and shopping centers will need to evolve into social gathering spots in order to survive. Let's face it the days of killing a day to shop for something are just about over. You can find out all you need to know by the swipe of a finger on your phone or the click of a mouse or enter key.

Best Buy's move to smaller location was bound to happen sooner or later regardless of Crossroads success or failure. There is no need for electronics stores to be the giant stores they used be. The majority of electronics have shrunk in size and companies have changed packaging materials to where they can ship more merchandise per truckload. Not to mention many items have become obsolete since the 90's. I predict the next thing to leave electronics stores will be recorded media. The days of buying movies and music on individual pieces of media are about to come to an end. That in itself is a large amount of floor space that will no longer be needed. In the next few years people will use the internet, vending machines or kiosks inside stores. People like the idea of buying only the tracks they like not the half-baked filler that filled LP's, Cassettes, CD's for years.

Since online retail is succeeding by leaps and bounds these days, I predict Brick and Mortar stores will have to offer specialty services like delivery, install and home shipping for out of stock items.

Which makes me wonder if places like Crossroads will even have a presence 5,10,15,20 years from now. Malls and shopping centers will need to evolve into social gathering spots in order to survive. Let's face it the days of killing a day to shop for something are just about over. You can find out all you need to know by the swipe of a finger on your phone or the click of a mouse or enter key.

Reality and extreme predictions like these rarely match. Yes, the basic idea of retailing changing is obviously true, but its just as silly to predict brick and mortar extinction. Reality is somewhere in the middle.

One thing to note is that as online retailers are, right or wrong, increasingly pressured to collect state sales taxes, one of the huge built-in advantages they hold will, albeit slowly, fade. Also, as brick-and-mortar stores start to reinvent themselves to reduce inventories, thereby reducing costs, they're starting to become more price competitive with their online counterparts. Bottom line - as the entire electronic shopping world matures, and the market drives conventional retailers to adapt, neither will just disappear into the night. Both will find their niches as the market demand for both shopping avenues finds its own inevitable equilibrium.

Okay that is what I was thinking, that makes sense to me because that area seems so much busier anytime I have driven by. I can see where the mobile checkout would be a lot more convenient for people buying big ticket items. As it is right now at Best Buy for big items you 'select' something in the (for example) PC area, have someone else go to a store room and get the actual item, then have the original dude walk you up to the front counter with the item to make sure you aren't going to steal it (LOL), then wait in line, then check out with a third person, then leave (sometimes while a fourth guy mildly accosts you for 'security reasons' on your way out). On the flip side, when I bought an Apple a while back at the Apple Store the guy I was casually asking questions to about the product, when I said let's do it, just pulled out his iPhone and swiped my card right there, and that was it and I left. I didn't even have to wait for a receipt because I was on file and it just emailed me automatically, and my iPhone chirped letting me know I had the receipt before I even walked out the door. It was really nice.

No doubt.

I can see how it would be beneficial during the holiday shopping season as well.

larry, you misread. The lady did bought the mall, but the plans to convert it into the market center fell through. She then sold the mall to two dudes (maybe they are gay?).

lol!

I got a very rapid reply reply (have asked a follow up and will post when I get it) here is what the Assessor's office had to say...

Not really familiar with these types of records and have asked for clarification. That said, it looks like the Feds (Maiden Lane) have continuously owned the Mall itself since they acquired it. Certain tenant-owned anchor building title(s) has passed from one of their own corporate entities to another.

So none of them are this mysterious chick or two guys?

I just don't see a reason for someone who used to work at the mall, to come and tell me "two dudes" bought it, if he was lying. I mean in a lie, he could use anyone as a means to lie. He could have said "this lady named Jujube bought the mall," or "5 sailors bought the mall." However, for him to be specific on who bought the mall, hence "two guys" (I say dudes) bought the mall.

I mean when you think about it, it's pretty specific of someone to say that, when they're not on a need-to-know basis, when it comes to the happenings of CRM.

I'm not going to say it is or isn't happening. It is all rumor, which can make for good discussion until the truth is either revealed, or the mall is still stuck in oblivion.

I'm interested to learn more about this haunted house going in Dillards (JCP). I never knew one went into JCP before, like someone here mentioned. I wish I had known, so I could have gone to it.

EDIT: OH, YEAH! I remember something else he told me. The guy who gave me the info about the mall stated that one thing that will be going, is the "pepto-bismal" pink covering the rails. He called it that. How he knows all of this, who knows.

Let's say it is true. What would everyone here like to see scheme-wise, out of CRM? Any ideas for decor? How would you want it to look inside, everyone?

Best Buy's move to smaller location was bound to happen sooner or later regardless of Crossroads success or failure. There is no need for electronics stores to be the giant stores they used be. The majority of electronics have shrunk in size and companies have changed packaging materials to where they can ship more merchandise per truckload. Not to mention many items have become obsolete since the 90's. I predict the next thing to leave electronics stores will be recorded media. The days of buying movies and music on individual pieces of media are about to come to an end. That in itself is a large amount of floor space that will no longer be needed. In the next few years people will use the internet, vending machines or kiosks inside stores. People like the idea of buying only the tracks they like not the half-baked filler that filled LP's, Cassettes, CD's for years.

Since online retail is succeeding by leaps and bounds these days, I predict Brick and Mortar stores will have to offer specialty services like delivery, install and home shipping for out of stock items.

Which makes me wonder if places like Crossroads will even have a presence 5,10,15,20 years from now. Malls and shopping centers will need to evolve into social gathering spots in order to survive. Let's face it the days of killing a day to shop for something are just about over. You can find out all you need to know by the swipe of a finger on your phone or the click of a mouse or enter key.

I "HATE" digital downloaded stuff, and refuse to support it. If everything goes digital download, then I guess I won't be buying movies/games anymore.

When you buy digital downloaded stuff, it's not really yours. You're tied down by the dreaded DRM (Digital Rights Management), which means more hassle.

If an all digital download age is upon us, I will take the hundreds of Blu Rays, DVD's, and thousands of games I own physically, and call it a day. I will fill out my backlog with whatever remains of physical movies/games, and retire.

it coulda woulda sold, but the zombies objected. Once they chowed down on the brains of the prospective buyer's lawyers, any possibility of the deal still going through kinda sorta went south in a hurry.

But did the zombies get to the "two dudes and a girl"?

Lol, I wondered when the Zombies would make their entrance.

I love reading threads like this.

megax11 and Thunder need their own daily blog.

megax11 and Thunder need their own daily blog.

Why would you want to follow our private lives? If you want to...beware...you're in for a scare!

Why would you want to follow our private lives? If you want to...beware...you're in for a scare!

Indeed. *puts pinky to mouth* MWAHAHAHA!

So none of them are this mysterious chick or two guys?
As you pointed out yourself, nothing has changed. That is my understanding of it as well from looking at the site. I asked for a straightforward answer and this was the reply (he tried, obviously he isn't aware that Maiden Lane LLC is an entity of the Feds ownership)

Q. Since the feds took over ownership (through the Maiden Lane LLC), has the Mall itself (it is my understanding that anchor tenant buildings are often owned by the tenant, such as Dillards or Wards would own their own building), been sold to another non-Fed entity in say the past year?

A. All I see on the accounts are private ownership, no federal agency. Dillard’s is the only anchor tenant that owns property, the others are all private. I’ve listed the dates for each account to show how long each current owner has owned the property under that entity. You can review the ownership history for each account on-line as well. If there has been a more recent sale of the properties then it is not official unless the deed is recorded with the County Clerk’s office.
Presume the ones he is mentioning are those I posted in his first reply back in post #25. However, the ones he listed appear to be for the anchor buildings and not the mall itself.

1) Steve & Barry's (formerly Wards): Maiden Lane LLC (the Fed entity) receiving the deed from the previous owner in June of 2009.


2) Macy's/Folley's: the various transfer of deeds from one corporate division to another, most recently in Jan of 2010.

3) Dillard's: unchanged since Feb of 1996

4) JCPenney: Maiden Lane LLC (the Fed entity) receiving the deed from the previous owner in June of 2009.


I just don't see a reason for someone who used to work at the mall, to come and tell me "two dudes" bought it, if he was lying. I mean in a lie, he could use anyone as a means to lie. He could have said "this lady named Jujube bought the mall," or "5 sailors bought the mall." However, for him to be specific on who bought the mall, hence "two guys" (I say dudes) bought the mall.
Again, I am not saying the person or persons that you keep talking to are lying (at least not intentionally). They may honestly believe it themselves. What it looks like is they are repeating rumors too.

When did the lady supposedly buy the Mall?

When did the 2 guys supposedly buy the Mall?

Where is the reliable, verifiable source indicating any of that is the case?

Step 1: Anonymous person comes onto an online forum, claims he has inside scoop on mall selling, says county assessor, competing local newspapers, television stations all conspiring with federal government to keep the sale quiet until redevelopment is started. Cites anonymous people as sources.
Step 2: Months pass. Same anonymous person says redevelopment effort fell apart, but a sale REALLY DID take place. Says conspiracy to hide both the first sale, and now a second sale by "the chick" to "two dudes" are still being concealed by this massive conspiracy involving county, federal government, local media.
Step 3: Anonymous person knows that there may be questions about his or her credibility - questions by cynical, mean "elitists" on OKC Talk (like myself?). Anonymous person says "I just don't see a reason for someone who used to work at the mall, to come and tell me 'two dudes' bought it, if he was lying. I mean in a lie, he could use anyone as a means to lie. He could have said 'this lady named Jujube bought the mall,' or "5 sailors bought the mall.' However, for him to be specific on who bought the mall, hence 'two guys' (I say dudes) bought the mall."

Megax, whoever you are, I don't think anyone has lied to you. I do think someone is telling lies. Gotta love the Internet, where anyone can type anything with their keyboard and get people to give them much craved attention.

Sigh, okay I will spill it.

I went to Best Buy Crossroads the other day. I was there buying some blank DL Discs.

An employee there mentioned the new store opens in October (already knew that part), and said it would be one of 22 stores in the nation to be "connected."

I mentioned Crossroads Mall for some reason, and he then told me the mall was bought by 2 guys who have bought and flipped malls before. I asked if the two guys intended to keep it as a mall or market center, he said mall.

I said it was once going to be a market center, through some lady who had supposedly bought the mall. The guy cuts me off, saying "yeah, she couldn't get plans off the ground, so she sold it to these two guys."

I asked if he was sure, because the assessor site stated it had never been sold. He said he was sure. He then said, "There is even supposed to be a statewide contest to rename the mall."

I said cool. He mentioned the haunted house going into Dillards, I said cool. I said there are three pickups and three semis parked at JCP, with the semis actually connected to the docking bay. He said cool.

So, Steve, this guy wasn't on the net. Usually trolls like to pull this kind of stupid crap on the net, but this person worked at Best Buy.

I never get any info off the net, because I generally tend to not believe it. Everything I come here with info about, is given to me in my face, by people not masking themselves behind keyboards.

Larry, that's all the info I can give. I can give a guestimate on when this chick supposedly bought the mall. Look up my old "Crossroads is dead my friend, blah-blah-blah" thread. I posted that the night I was told. The lady in the sporting goods store by Spencers told me the deal was signed in blood (as she put it) just the day before.

As for the two guys. That was news to me when this Best Buy employee told me, who happened to be working at the mall recently before switching jobs.

I will also add this. I failed to do so after I was told 2 months ago, because I don't know what to believe anymore.

A guy comes and makes payments at my parents' carlot. He worked for Gamestop Crossroads. He told me Dillards was going back in (just like other people had said). He then told me something I never heard before. He said JCP was going back in their old building.

I mentioned to him, the market center. He said that wasn't happening anymore. He said the mall was going to be bought by some people, with the intent on keeping it a mall.

That's why I believed the guy at Best Buy. Their stories are almost identical. Both worked in the mall, but at different stores. Now I see semis and trucks flocking JCP's west entrance and dock.

Who knows. I'm about ready to throw myself down to those zombies, and become zombie snacks, because peeps keep getting my hopes up.

Who wants my stereo when I become zombie food?

Regardless of who talked to you, maybe they were misinformed, heard a rumor that wasn't true, or whatever reason. They may not be lying to you, because they don't know for sure. Just repeating what they had heard.

The facts are on the assessor website. Things of this magnitude do not sell with no paperwork being filed. An old lawnmower on craigslist would sell without any paperwork, but not a huge portion of land with a huge contiguous building, and that is owned by the government. Anything to do with any of those 3 have a lot of paperwork, not to mention a combination of the three.

...A guy comes and makes payments at my parents' carlot. He worked for Gamestop Crossroads. He told me Dillards was going back in (just like other people had said). He then told me something I never heard before. He said JCP was going back in their old building. ...
Don't know what is happening at the former JCPenney, but it seems unlikely they would be moving back (unless it was some sort of outlet situation as was rumored to be happening with the Dillard's space a few months ago). Why?

1. JCPenney relocated to two new stores, both 6 miles from Crossroads (according to an article posted by Pete over in another thread: http://www.okctalk.com/showthread.php?t=9918&p=97492#post97492)

2. The Crossroads store closed in 2007 and these 2 new stores opened about 2 weeks later. "The official grand openings for the new JCPenney stores will take place on Friday, Aug. 3, marked by simultaneous ribbon cutting ceremonies at each store’s main entrance at a special opening time of 7:45 a.m., in honor of Oklahoma’s first tax-free sales event." Being relatively new, would imagine they have long term leases or own the buildings.

I believe you. Don't worry about Steve. He's from Joklahoman. lol

Thunder, sorry I didn't ask you for approval of my comment in advance. But then again I don't worry about you much either.
Megax, I really appreciate your response this time. It allows me to get a better understanding of where you're coming from, and I think I can help you see why these things get so easily confused.
All too often there's confusion between having a contract to buy a building vs. closing on that contract, and having a "letter of intent" to lease a space vs. an actual lease. In the development world these situations are often misstated rather casually because those having such conversations generally understand the nuance of it all. So a person might tell another person he has bought a property, when in fact he only has a contract. Often these contracts go through, and the sale actually takes place. But sometimes they don't.
Case in point: Chris Johnson, owner of USA Screen Printing, represented himself as the buyer of the key corner lot on the Bricktown Canal when he went to the Bricktown Urban Design Committee. In fact he only had a contract. When he met resistance, he dropped out of the contract and it was then that it was fully understood he hadn't closed (he ended up reviving the contract and closing a couple of weeks later).
So with all this in mind, I do know the woman with the wholesale mart you spoke about earlier did have either a contract or was negotiating a contract to buy the mall. That contract didn't close. No sale.
It is entirely possible, as you say, that there could be a new entity trying to buy Crossroads with the intent of reviving it, though as others have said, it's more likely to see a J.C. Penney outlet, etc., than full fledged stores again. I apologize for the harshness of my comment, but please understand, I take offense to the idea that I or others have somehow purposely kept a transaction like this a secret (as inferred in the last thread on Crossroads).

I just want CRM back.

I keep having odd dreams, where I keep seeing it with a fresh look inside, 5 different times, 5 different locations.

Not to say my dreams mean anything when it comes to this mall anymore, but it has an old-school CRM feel, in that it has a brown color scheme going, but it's brightness is through a ton of neon lights. It felt old-schoolish, but modern.

Last dream I had, about a month ago or less, I was inside the mall during Christmas. They had it decorated differently than all the years that have gone by.

Again, nothing to make a big fuss over. Maybe it's just dreams stemming from the fact I miss the mall a lot.

All I know, is everytime people keep telling me these new rumors and they're following other past employees stories to a T, it's like I become a kid in a candy store.

You would figure that the mall is a sore spot in the city at this time, and the city would want to do something about it. Heck, turn that puppy into another outlet mall. I think for now on, I'm gonna chill, until something more concrete happens with the dealings of this mall.

I'm still interested in learning more about any potential haunted house that the mall gets this year.

I understand.
Favorite memories - going to Farrell's ice cream and then going to the Lemans? racetrack nearby for my birthday. Walking through the mall when it was the only BIG mall in town, just gazing in awe at how big it was. Seeing Dannysday in the food court area. Orange Julius (is that still there?).
So yeah, Megax in this respect I completely understand where you're coming from.

megax11; I want CRM to revive somehow too and appreciate your passion for it. Wanting to believe anything that would feed into that hope/desire (so much it works into your dreams) and frustrated when those things don't pan out. Peace.

megax11; I want CRM to revive somehow too and appreciate your passion for it. Wanting to believe anything that would feed into that hope/desire (so much it works into your dreams) and frustrated when those things don't pan out. Peace.

Me too!

I predict the next thing to leave electronics stores will be recorded media.

Well I predict Oklahoma will fall into the Pacific Ocean in the next 10 years. Your's has about as much a chance as happening as mine.

Well I predict Oklahoma will fall into the Pacific Ocean in the next 10 years. Your's has about as much a chance as happening as mine.

I don't think Oneforone means all recordable media will disappear based on this comment.


In the next few years people will use the internet, vending machines or kiosks inside stores. People like the idea of buying only the tracks they like not the half-baked filler that filled LP's, Cassettes, CD's for years.

Sure, I can see that happening, its already happening to Blockbuster. I definitely see DVDs gone(no longer produced) in 10 years as the industry completely transitions to Blue-ray with something smaller and better just around the horizon. Music? Yeah, that will be completely digital in a decade.

Solid state memory continues to get faster and bigger. I can envision there being kiosks that are connected to super fast internet. People would take their memory cards to these kiosks and download their movies. A record of them owning the movie would be in the database in case they lost or deleted their movie.

I see Walmart, Target, Costco and internet eating what remains of the traditional recordable media market.

2) Macy's/Folley's: the various transfer of deeds from one corporate division to another, most recently in Jan of 2010.


This one surprised me. I thought I recalled a DOK article from 09 or 10 that a local developer had purchased the Macy/Foley wing w/ an intent to convert to office space. Maybe mega isn't the only one having dreams, but dang that seems stuck in my mind for whatever reason.

kevinpate: don't recall seeing that but ain't saying you are wrong either. Often the things that get stuck up there, do so for a reason (at least in my case, your mileage may vary). May be off on the particulars, but I didn't imagine it. In any case, may have been one of those announced plans that make it into print and then something happened and that deal fell though too so the 'sale" never got recorded, transfer never made. We have seen similar things happen before.

on edit: if you were dreaming it, you were doing it back in Feb of last year too when you posted this in another thread recently revived:

Appears the chap who purchased the Macy wing of the mall complex got the first half nailed. What he does with it will determine whether he also meets the second half of the above.

on edit edit:
Good news, your sanity is intact (well, at least as far as this is concerned)!
Read more: http://newsok.com/oklahoma-city-man-purchases-macys-property/article/3433082#ixzz1WLnV12D0
Oklahoma City man purchases Macy’s property (Oklahoman, 1/19/2010)

Oklahoma City developer Richard Tanenbaum has bought the former Macy’s Department Store at Crossroads Mall. ... He said he bought it to hold for an investment but that it eventually could be converted to office space, a call center or other nonretail use.
Not sure why it isn't reflected in the Assessor records (if I was reading them correctly). So maybe it fell through at the last minute and the deal was never finalized?

This all got me thinking and I vaguely recall reading something that happened after the Arkansas investors bought the mall and think it was after the Feds took it over saying that they had bought the mall for dirt cheap and were going to flip it, asking for at least double what they paid. But can't locate it now and may have been out parcels instead of the mall itself...

Oklahoma City developer Richard Tanenbaum has bought the former Macy’s Department Store at Crossroads Mall.

Tanenbaum’s Crossroads 150/LLC paid the chain $1.5 million for the 151,000-square-foot parcel on 14 acres in a transaction not related to the disposition of the main mall property, which remains for sale for $24 million by Maiden Lane LLC , an entity of the Federal Reserve Bank of New York .

Read more: http://newsok.com/oklahoma-city-man-purchases-macys-property/article/3433082?custom_click=pod_headline_real-estate-housing#ixzz1WLoiF5Rf

Hmm Last time I was in that area I noticed the old Macy's store had a for sale sign on it and this was in July.

Best Buy's move to smaller location was bound to happen sooner or later regardless of Crossroads success or failure. There is no need for electronics stores to be the giant stores they used be. The majority of electronics have shrunk in size and companies have changed packaging materials to where they can ship more merchandise per truckload. Not to mention many items have become obsolete since the 90's. I predict the next thing to leave electronics stores will be recorded media. The days of buying movies and music on individual pieces of media are about to come to an end. That in itself is a large amount of floor space that will no longer be needed. In the next few years people will use the internet, vending machines or kiosks inside stores. People like the idea of buying only the tracks they like not the half-baked filler that filled LP's, Cassettes, CD's for years.

Since online retail is succeeding by leaps and bounds these days, I predict Brick and Mortar stores will have to offer specialty services like delivery, install and home shipping for out of stock items.

Which makes me wonder if places like Crossroads will even have a presence 5,10,15,20 years from now. Malls and shopping centers will need to evolve into social gathering spots in order to survive. Let's face it the days of killing a day to shop for something are just about over. You can find out all you need to know by the swipe of a finger on your phone or the click of a mouse or enter key.

This concept of online eliminating live retail already failed during the last dot com. Internet companies have continuously overestimated their impact on killing traditional shopping. That isn't to say that retailing isn't evolving, but look for more and more interrelationship between the live experience and the online one. People will always like to touch, try on, taste and see merchandise to help form opinions on a buy. Commodity items with standard measurements may be bought online, but the live experience will always be important for many many things. WebEx will never replace face to face business meetings. .com will never kill live retail.

As for Crossroads, it is no longer an appealing place to be and looks tired and dated. Too many other choices of places to shop. As a destination it creates no excitement.

People will always like to touch, try on, taste and see merchandise

That's the point; you can't do that with media so the "retail experience" really doesn't exist in that sense.

Hello!

I would like to come forward and clear up some things regarding Crossroads Mall!!!

First of all, the lower level of the former JC Penny building has been leased to a company that will have an awesome haunted house open from October 1-31!!!

Second, the mall has not changed ownership in 3 years. No one has bought the mall and flipped it or anything like that. Don't you guys think that something as large as Crossroads Mall selling would make at least the business section of the newspaper??? When Crossroads Mall sells you will know it...I PROMISE!!! :)

Hello!

Second, the mall has not changed ownership in 3 years. No one has bought the mall and flipped it or anything like that. Don't you guys think that something as large as Crossroads Mall selling would make at least the business section of the newspaper??? When Crossroads Mall sells you will know it...I PROMISE!!! :)
What's sad is that this question must be asked... *YES, IT WOULD MAKE THE BUSINESS SECTION AND FRONT PAGE*

Hello!

I would like to come forward and clear up some things regarding Crossroads Mall!!!

First of all, the lower level of the former JC Penny building has been leased to a company that will have an awesome haunted house open from October 1-31!!!

Second, the mall has not changed ownership in 3 years. No one has bought the mall and flipped it or anything like that. Don't you guys think that something as large as Crossroads Mall selling would make at least the business section of the newspaper??? When Crossroads Mall sells you will know it...I PROMISE!!! :)

Cool to know. Thanks for the info.

I wasn't saying someone already bought and flipped it, but that someone had bought it and intended to flip and keep it a mall, which I am now not saying is happening.

Cool to know about the haunted house. I will be there. I hope it is a long one.

As for the Macy's sell, that sucks if true, because I don't want to see any part of that mall become non-retail use.

Southside OKC shouldn't be home to an endless amount of business schools, carlots, government offices, and a call center.

I hope the Macy's thing is a lie, or I hope he saves it as an investment for future sellthrough, should the mall rise from the ashes.

EDIT: Nevermind. I see that the article about Macy's was old. Thanks for clearing that up, Larry. My statements about southside still stand.

Who want to take me to the haunted house on the 17th for my B-day? How about a massive OKCTalk group field trip with me? After all, everyone on here is the only family I have left. I rarely see dad and I don't have contact with his family side. Ex-mom and I rarely social with her family side other than Thanksgiving and Christmas, so we basically had just each other. Since I disowned her... Anyone want to make me feel alive? lol

I suppose going to the Land of the Zombies (and the Haunted House) would make you feel alive...LOL