It’s back to the drawing board for the College Station city council on the future of the former Macy’s store building.
Councilman Mark Smith, visiting on WTAW’s The Infomaniacs, says they received no offers to buy the building and surrounding parking area.
Smith says they are open and willing to talk with the owners of Post Oak Mall and anyone else who is interested in redeveloping the mall.
The council purchased the property for $7.3 million dollars in September of 2022.
The city of College Station sent WTAW News the following statement:
Although the initial request for bids did not result in formal submissions, we’re encouraged by the ongoing interest several parties have expressed in the former Macy’s property.
Before releasing the request for bids, the City engaged in preliminary discussions with a potential buyer interested in redeveloping the site.
The sale of municipally owned property must adhere to a formal process that ensures fairness and equal opportunity for all interested parties.
In addition to a bidding process, retailers and developers can acquire property through private negotiations, partnerships, or broker-led transactions.
The City recognizes the property’s critical importance and potential as a transformative catalyst for economic growth and revitalization in the surrounding area.
We’re committed to pursuing all viable opportunities while ensuring a process that maximizes the property’s potential and aligns with the long-term vision for the community.
Click below to hear comments from Mark Smith on WTAW’s The Infomaniacs January 17, 2025: