Crystal Mall seen as suitable for mix of commercial, residential development

“Given the demographics, the location ― it’s an incredible location ― near public transportation, I-95, I-395,” Brule said early last week. “If we can have a vision of what we want there, I think the Planning and Zoning Commission would entertain quite a few things.” A deed filed Thursday with the town clerk’s office revealed Namdar Realty Group, a Great Neck, N.Y., real estate investment firm with a penchant for acquiring struggling properties, had landed Crystal Mall at auction last month, submitting a winning bid of more than $9.5 million. “Malls are not obsolete,” he said. “Plenty of traditional malls are successful in places all over the world. But they don’t work everywhere. I don’t think retail is dying by any means. It’s evolving.”

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