Colonial Mall sale pending

Colonial Mall sale pending

Colonial Mall is a familiar site to Decatur shoppers on the Beltline.

Talk about renovations and improvements are now turning to talk of a sale.

Sources tell WAFF 48 News that Colonial Properties have been in negotiations for some time.

Although we don't know who the buyer is yet, we are told the deal is expected to be completed by the end of business tomorrow.

City leaders are hopeful the move will be a good one for Decatur.

Mayor Don Kyle says, "I'm in great hopes that we"ll have a buyer who is revitalizing malls into the sort of life-style centers that we see today in Birmingham, Nashville and other areas that have taken old shopping areas and made them brand new and more exciting than they've ever been before."