Before the ink dried on the deal, the owners of Park Lane Mall, M&H Realty Partners, announced the closure of the Reno landmark. The final day of the mall will be January 31, 2007. M&H says the it'll probably be demolished. What's next, no one knows. Since Gottschalk's and the Century Theatres will remain, it's likely a power center, with other big box retailers, may be built. Another theory is an office park, since the central Reno location near the airport is highly desireable.
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The loss of another mall is a sad day in retail history. The opening of The Summit Sierra surely was the nail in the coffin of this mall. Speaking of coffin, since this mall is listed as haunted, what happens to the ghost? Will it inhabit the new structure? Maybe move in to Gottschalks? =
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