The Tanglewood Mall has a new owner, Roanoke County officials have announced.
The Tanglewood Mall first went up for sale in April. The sale closed Thursday afternoon to Alabama-based Blackwater Resources, according to county leaders.
The announcement comes as local leaders kick off a major revitalization study for that area. Dozens gathered Thursday evening for the Kick-off Visioning Event for the 419 Town Center Planning Study.
“My wife and I and my 10-month old son live in the area, so we’re very excited to see what could be brought to the Tanglewood Mall,” said Chris Willis, who lives and works near Route 419.
Willis said he attended the public meeting to listen to the ideas people have about the future of the area.
“I’m all about anything restaurants, breweries – a lot of that’s coming into this area,” Willis said. “My wife actually was leaning towards a farmer’s market – a larger farmer’s market.”
County officials said the meeting served as a way to help them find out what people would like to see along the 419 corridor. That includes ideas about the future of the Tanglewood Mall.
“The mall is a big economic driver for the community,” said Jill Loope, Roanoke County economic development director. “It’s also a great community asset.”
About 10 to 15 developers expressed interest in purchasing the Tanglewood Mall, Loope said. Blackwater Resources entered the picture in June, she added.
“We’ve been meeting with them regularly over the past several months,” Loope said. “They are very aware of our planning efforts. They’re very supportive of it.”
As the county develops the 419 Town Center Plan, it plans to work closely with the mall’s new owners as they look to start development as soon as 2017, Loope said.
“It is underutilized currently, so we want to take it to the next level,” she said. “And so it’s important to our economic future to continue to work with the new owners.”
County leaders also unveiled a timeline for the adoption of the 419 Town Center Plan during the meeting. Officials said they will continue to collect community input over the next few months and expect to adopt a final plan by March or April.