CHICO, Calif. - Action News Now reporter Laura Eng spoke with the mall's general manager Natasha Shelton about the future of the mall and what community members can expect with new ownership.
Sacramento-based developer Ethan Conrad paid $35 million for the mall and many residents in the area are curious about future developments with it.
Shelton said that Conrad noticed a lack of competition in the area and he also liked how the mall already had 17 letters from businesses looking to set up shop there.
"Sales actually for the Chico Mall have always been strong," Shelton said. "Even in the times for rough sales in Chico, we've been able to maintain very strong sales presence."
They expect this trend to continue.
"We foresee the sales only going up," she said. "We've been able to maintain a very high occupancy in the mall so we only see sales increasing after the redevelopment."
Shelton also said that the mall plans to keep all of its anchor stores and is considering several different layout designs.
Those options will not likely include a Macy's or a Nordstrom, but a Nordstrom Rack is a possibility, she said.
CLICK HERE to view a document of the available retail space in the Chico Mall.