WEST LAFAYETTE, Ind. (WLFI) -The future of Chauncey Hill Mall is still being determined but according to the City of West Lafayette, it will eventually be torn down.
"We are glad to see that a buyer has finally come through,” said West Lafayette Mayor John Dennis. “That place has kind of been the last waning product that needs to be addressed with the state street project."
Chauncey Hill Mall has been around for decades and not much about it has changed.
"Chauncey Hill Mall was always sort of that unfortunate misrepresentation of what a great community we live in here at West Lafayette," added Mayor Dennis.
As we previously reported, half of the ownership of Chauncey Hill Mall and Chauncey Hill Annex has been purchased by Muinzer and T2 Capital Management.
"Our understanding is that the old structure is going to be scrapped and a new structure is going to be placed there," added Mayor Dennis.
While there is no plan put in place yet, the city is hopeful the new construction will include more modern retail space.
"What we are encouraging is commercial retail we'd like to see some more businesses there that are going to be suitable for our student population as well as the static population in the near-campus areas," said Mayor Dennis.
However, the details are still being worked out.
"Dealing with the developers there is some interest in having some form of student housing component there that wouldn't be our first choice,” added Mayor Dennis. “We definitely wouldn't participate financially in that."
We spoke with a few businesses that are still operating at Chauncey Hill Mall. They said the majority of them are currently leasing their storefronts on a month to month basis. They are still waiting to hear from the new developer on when they will need to leave.