Lewisville’s Vista Ridge mall is under new ownership after the Odessa-based Investment Corporation of America closed on the sale on Halloween day, according to the mall’s new general manager Richard Morton. Here is what both long-time mall goers and new shoppers alike can expect in the coming months:
1. Rebranding to Music City Mall at Vista Ridge
As part of the new ownership, Morton said the mall will also undergo a change of name from Vista Ridge Mall to Music City Mall at Vista Ridge. Morton said the company will invest in constructing new signs in the area surrounding the mall to aid in driving traffic to the mall, as well as making the revitalization known to the community.
2. $3M-$4M to be spent immediately
Though Morton said the mall is in good condition overall, Investment Corporation of America is prepared to shell out $3 million-$4 million on renovations and updates, such as potential pavement and skylight repairs.
3. Current tenants comprise 72 percent of total available space
Though there are still some vacant storefronts at the mall, Morton said it is approximately 72 percent occupied. He said they hope Investment Corporation of America’s revamp will aid in growing their tenant base to 100 percent in the near future.
4. Music entertainment to be held nightly
In step with its new rebrand as Music City Mall at Vista Ridge, Morton said it will begin hosting nightly live-music entertainment. He said the decision comes as an effort to turn the mall into both a shopping destination, as well as a venue for entertainment.
5. 10 commandments monuments to be constructed
Part of the aesthetic changes to the mall will include the construction of two separate biblical 10 commandments monuments in the mall—one outside the main entrance and another inside, Morton said.