A Texas company is planning to turn Topeka’s West Ridge Mall and nearby West Ridge Plaza around.
A judge directed The Woodmont Company, of Fort Worth, Texas, to take control of the mall, with the goal of increasing the number of tenants and income to the mall, according to Fred Meno, Woodmont CEO of asset services.
Original managers Washington Prime will still hold ownership of the mall, though a sale is likely once the mall is more marketable, Meno said. The judgment was made after Washington Prime recently failed to make loan payments for the mall.
Woodmont has experience turning around malls across the country and in Kansas, including Central Mall of Salina, Eastgate Shopping Plaza in Wichita, and Blackbob Marketplace in Olathe.
At West Ridge, Meno said Woodmont will seek permanent long-term tenants, short-term specialty and popup leases, and improve the operation as a whole. He said he hopes to find success at a major event in Las Vegas next week that brings 30,000 retail brokers, owners and retailers together.
Meno said marketing and advertising the mall will also be a top priority.
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