A press release from Rouse dated May 2, said that on April 5, the loan for Vista Ridge Mall matured and was not repaid. The Company was notified by the lender of the default on April 19.
The release stated, "The Company is working vigorously with the lender to convey the property in full satisfaction of the debt."
Fred Meno, president and CEO of asset services for The Woodmont Company said Monday that he and his firm had taken over management, operations, leasing, and marketing of the mall as of last Friday.
“The first step in the process from a timing standpoint was to appoint a receiver, and that’s me,” said Meno.
“The mall is going to stay open - open for business, looking to increase occupancy. The project is a staple, a landmark in the Dallas Fort Worth mall landscape and has all the anchors in place.”
Meno was positive about the viability of the mall’s continued operations. “We take over a lot of distressed malls, and I really don’t consider this one to be distressed,” he said. “I see it as one that’s got significant upside.”
“Cinemark does very well here— Sears went through a list of closing announcements nationwide and Vista Ridge was not on that list. [JC] Penney’s has gone through store closings in prior years as well, but remains here as well. Dillards does fairly well here. All the fundamentals are here.”
Refinancing might be a logical next step for the owners, but Meno explained that it was out of the question.
The Lewisville Texan Journal, a weekly newspaper and online news website serving Lewisville and Southern Denton County, seeks a journalist to join our team part-time or full-time. We are looking for an intrepid self-starter with an entrepreneurial spirit, who can help us tell the stories of our community. From hard news to features, beat coverage to enterprise stories, you will have the opportunity to write for an appreciative and intelligent audience.
Three-year-old Aiden McKitrick slipped off the front of a boat Thursday night at Lake Ray Hubbard in Rockwall. He went under the boat, and was struck by the boat's propeller causing him serious injuries.
The boy's father, Lewisville firefighter Austin McKitrick was able to pull him out of the water, and call 911 for help. He was taken to Children's Medical Center of Dallas.
He has already undergone surgery, according to Channel 11.
Friends of the family have created a gofundme account to raise money for the family's expenses, which could be very substantial. To help out the McKitrick family, you can donate on the gofundme site. As of Saturday night, the fundraiser had raised $16,380 of a $50,000 goal.
The Lewisville Professional Firefighters Association is also selling "Aiden's Heroes" T-shirts for $25.95, with the proceeds going to the family. You can buy these at the Keeping Tradition Alive Pipes and Drums jam on Friday night in front of Lewisville City Hall.
By Steve Southwell 9:25 p.m.: All results are in now for Lewisville ISD. Jenny Proznik and Katherine Sells are our new trustees elect.
All 20 of the Denton County Lewisville precincts are reporting. Dallas County is still not showing anything for today. It's quite possible with the low early voting turnout in these precincts that there was no actual election day voting. We're going to call it a night.
Be sure to scroll down below through the results of each race to see the totals and percentages.
9:10 p.m.: Denton County Fresh Water Supply District #1B (Castle Hills) is final. Patrick Kelly had the most votes with 131, followed by Guy Harris with 98, and Doug Walker with 53. Incumbent Noel May has lost his seat by only 5 votes.
9:01 p.m.: More results just came in. Flower Mound is all counted, and the results did not change. Hayden, Webb, McDaniel, and Webb.
Lewisville has 18 of 20 Denton County precincts totaled, and 0 of 2 Dallas County precincts. Those precincts yet to be counted will not move the needle at this point.
Lewisville ISD's Place 5 race still has Proznik in the lead with 43.71% of the vote compared to Lassahn's 41.36%. This is a plurality election, so the candidate with the most votes wins it outright with no runoff.
8:41 p.m.: Some precincts are now reporting. In LISD's place 4 race, with about half the precincts reporting, Sells maintains 80% of the vote.
In LISD's place 5 race, Proznik extended her lead by a bit, and now has almost 3 points over Lassahn.
With 17 of 20 Denton County precincts reporting, Lewisville propositions are still close to 90% in favor.
8:23 p.m.: No precincts reporting election night totals yet.
From social media: Fairooz Adams: To the voters, volunteers, donors, and all supporters, I owe you a sincere and heartfelt thank you. We ran a campaign to be proud of."
7:51 p.m.: Denton County Fresh Water Supply district 1B is a race where voters choose three out of four candidates on the ballot. The current leaders right now are Patrick Kelly (87), Guy Harris (60), and Noel May (32). Doug Walker trails with 24 votes.
7:05 p.m.: Early voting results are in: Both Lewisville propositions pass by better than 80 point margins. In LISD Place 4, Katherine Sells leads with a basically insurmountable 81.24% of the vote. In Place 5, it's a tie right now between Proznik with 43.35% and Lassahn with 41.63% - way too close to call.
In Flower Mound, it looks like Mayor Hayden will keep his seat; he's got 66% of the early vote. Bryan Webb has 66% of the early vote, Don McDaniel has 62% in place 4, and Jason Webb has 61% in place 1.
Original Post: We will begin to post results here in the Lewisville ISD Board of Trustees election and the City of Lewisville Crime Control and Fire Prevention Districts shortly after the polls close at 7 p.m.