As of this morning, Moonbeam Capital Investments LLC has listed a handful of their properties (including CIII) as SOLD on their listings page.
But is it really true? People certainly have their doubts due to the outstanding track record of the mall's owner - Moonbeam Capital Investments LLC. This development is the latest in an ongoing saga between West Mifflin officials and the absent mall owners. The borough posted notices on the doors of the structure last week saying that the mall was "unsafe and uninhabitable." Lingering issues that had not been addressed in recent months included damage to the heating/cooling system of the mall as well as damage to the sprinkler system, which are deemed as essential systems. On Monday, a bankruptcy judge agreed to allow the mall owners to borrow up to $5 million from another property they owned to make repairs to essential systems, so the building would be safe for occupancy again.
Currently, the mall has 8 tenants listed including Lifespan, Century III Nails, Chinese Massage, Century Travel, Air Too Fly and New Dimension Comics. Dick's Sporting Goods and JC Penney are also located at the mall, but have recently shut the doors that allow access from inside the mall. Customers are expected to enter from the external entrances if they want to visit those stores.
There is a GREAT Facebook page that is dedicated to news about the mall, as well as sharing old photos from when the building was in it's glory days. You can check out all of the latest posts and get involved in the discussion HERE.
2018 has been filled with headlines for Century III. While the area around the mall seems like it is bustling, the mall ownership has received harsh criticism from the public regarding the status of the mall and the harsh condition of the roads around it. Here are just a few of the headlines dating back to early 2018 when the mall was listed for Sheriffs Sale:
- Century III Mall Up For Sheriffs Sale - READ
- Century III Mall Files For Bankruptcy - READ
- Sheriff's Sale Avoided Once Again For CIII Mall - READ
- Mall Property Condemned - West Mifflin Mayor Chastises Mall Owners - READ
- Century III Mall Granted $5 Million Line OF Credit To Continue Operating - READ
As a lifelong resident of West Mifflin, I really hope that this seemingly corrupt business can be investigated so that the community can more forward with overhauling of redeveloping this area into the premium destination that it used to be. My first EVER job was inside this mall, and I can remember how crazy this place used to get even
Nevermind? They have now taken the sold notice down...this is shadyyyyyyy - Century III No Longer Listed As "SOLD"