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Ashtabula, Ohio news

Towne Square will suffer more closings after holiday season [Star Beacon, Ashtabula, Ohio]

By Carl E. Feather, Star Beacon, Ashtabula, Ohio McClatchy-Tribune Information Services

Dec. 24–ASHTABULA TOWNSHIP — According to a study released to the Star Beacon last week, Ashtabula Towne Square will suffer more store closings after the holiday shopping season unless a major anchor store is secured.

“…I would expect that several of the remaining tenants in this building would be making a decision after the holiday sales/December year-end,” wrote Paul Esterer, a consultant hired by Growth Partnership of Ashtabula County to study the mall situation. “January 2013 will most likely not be favorable for news on this Mall, especially without strong sales in the stores or some major announcement of a new long-term anchor tenant.”

The report did not come as a surprise to members of a task force formed to help retain and attract mall tenants while a new owner is sought. Eight hundred jobs are at stake. Continue reading 

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