Akron realty company plans to redevelop Shenango Valley Mall
An Akron realty group is purchasing the Shenango Valley Mall. LRC Realty announced Wednesday that they plan to redevelop the property by bringing in different shopping stores and new restaurants.
An Akron realty group is purchasing the Shenango Valley Mall.
LRC Realty announced Wednesday that they plan to redevelop the property by bringing in different shopping stores and new restaurants.
The Hermitage City Manager, Gary Hinkson, tells 21 News that the city views this project as a positive development for the community.
“We have been working very hard, meeting with developers, state officials and potential tenants, for the last two years to find a way for the Shenango Valley Mall site to be redeveloped in a manner that would serve the city and region well into the future," said Hinkson.
The project is meant to 're-energize the struggling center' and address the city's goal for connectivity throughout the community.
William J. Moder, III, the President of the Hermitage Board of Commissioners, says that he is appreciative that LRC Realty is devoted to the outlook of the community.
“We appreciate that LRC Realty is making this very substantial investment in our community and we recognize the efforts of the McConnell family for working with LRC to get this very positive outcome," said Moder.
LRC Realty is also responsible for designing The Enclave, which is student housing at Youngstown State University. The realty group also has projects across other parts of Ohio, in Pennsylvania and North Carolina.