Wednesday, February 1, 2017
Proposed Shopping Center at Former GE Plant
A buyer wants to develop the site of the former General Electric plant in east Bloomington into a shopping center, but the deal is contingent on receiving city incentives. Christopher Zoellner of Balke Brown Transwestern, a St. Louis realty firm brokering the sale, which is under contract tells the Pantagraph the plan is to construct a 180,000-square-foot retail shopping center — what's known in the industry as a power center. The center would be occupied by larger tenants, with stores varying in size from 15,000 to 60,000 square feet.