The once prominent Pittsburgh Mills Mall is now facing a sheriff sale. The facility, currently owned by Namdar Realty, is over $11 million behind in payments. At this point, the sheriff sale is set to occur on October 2nd.
Opening in 2005, the Pittsburgh Mills Mall originally housed over 150 stores and restaurants, including big names such as Kaufmann’s, JCPenney’s, Sears, and many more. Currently, the mall only lists 32 operating stores on its website, many of which are now holding closing sales.
This is not the first mall to go under. In the last decade, in-person shopping experiences have struggled immensely. Capital One reports that 1,170 shopping malls closed every year between 2017 and 2022. Coresight Research has estimated that by 2025, 25% of malls will be shut down. Locally, malls have struggled, such as the Beaver Valley Mall, which now only houses 30 stores, with many set to close or relocate.
There is still time for the current owners of the Pittsburgh Mills Mall. Namdar Realty has stated they hope to have the issue sorted out before the October 2nd sale date. Namdar, however, is not likely to comply, as there have been three cases brought against them since 2021 for tax delinquency, all of which resulted in no changes or payments.
With the sheriff sale comes a glimmer of hope for the 1.1 million-square-foot location. A new potential owner could re-establish the mall, bring in more vendors and money, or even completely re-imagine the space. No matter the possibilities, potential buyers have less than a week to come up with $11 million dollars, and a new life for the Pittsburgh Mills Mall.