We now know the plans for Montgomery Mall. Thursday night the Montgomery City Planning Commission unanimously voted in favor of the new owner's plans. Earlier this week Bryan Lee filed an application to divide the mall into four separate lots. His plan is to divide the gas station near the mall's entrance into one lot, and divide the mall building into three properties. Lee believes this will be a big success for the property.
Dothan based, Venture One bought the mall back in May for a little more than 4 million dollars. The previous owner, Glimcher Realty Trust bought the property back in 1998 for 70 million dollars.