Country Club Plaza owners in Arden Arcade have listed the mall for sale and are considering three tenant plans for its northeastern section.
Jeff Helm, property broker at Helm Properties, in Yuba City, said that in the next 10 to 14 days, he will choose one of the plans. The plans differ by which tenants would fill up the former Macy’s anchor store, as well as two pad spaces.
He said, "We'll pick one and do it." "We have had some good success in attracting traffic to our stores, and we would like to continue this."
Helm did not name the tenants but stated that the Macy's four-story store, which is about 167,000 square foot, is attracting a traditional retail user for the ground floor, and a experiential retailer for the basement. The two upper floors would still need to be leased.
On the north and east side of the mall along El Camino Avenue, and Butano Drive are two pads that will be developed.
Helm Properties also listed two pads and the former Macy's at the mall, for an additional $8 million.
He said that on the first day of the property being listed for sale, earlier this week he received an offer. Now he is working to get a few others. Helm says that the key factor for a buyer is a vision for the property.
He said that at least one possible offer does not envision retail use for former Macy's which closed in 2016.
It will also be decided if the parcel of the mall that is to be sold includes all the parking for the former Macy's. Helm and Do are deciding whether to change the lot lines to keep more parking in the parcels that extend to the south of the mall.
A new Chick Fil-A is planned for the east side, separate from the plans to build the northern end.
Helm confirmed that the fast-food chicken restaurant had signed a lease for a new space on two pads along Watt Avenue earlier this month. He added that the restaurant has already begun to work on plans with Sacramento County.
A request for a pre-application with the county was made late last year. It suggested that the Chick Fil-A at Country Club will be approximately 5,100 square foot and feature a dual lane drive-through.