Valle Vista Mall Harlingen Tx
4/24/2018 admin
• Click Safari in the Menu Bar at the top of the screen, then Preferences. • Click the Privacy tab. • Under Website use of location services, click Prompt for each website once each day or Prompt for each website one time only. Free U2 Live Downloads Springsteen. • MacOS may now prompt you to enable Location Services. If it does, follow its instructions to enable Location Services for Safari.
Come visit our T-Mobile Harlingen cell phone store at 2000 S. Harlingen T-Mobile; Valle Vista Mall. Help the people of Harlingen, TX stay connected.
• Close the Privacy menu and refresh the page. Try using Current Location search again. If it works, great!
If not, read on for more instructions. • Back in the Privacy dialog, Click Manage Website Data. And type yelp.com into the search bar. • Click the yelp.com entry and click Remove.
• You're good to go! Close the Settings tab, reload this Yelp page, and try your search again. If you're still having trouble, check out.
You can also search near a city, place, or address instead. If a mall could be placed in hospice, this would be what it would look like. Hard to believe that it's limped on life support all these years with the blatant lack of shopping venues, but somehow it would seem that Valle Vista exists inside some nexus in spacetime where the ordinary rules of physics don't apply. Even as we continue through the 2nd decade of the 21st century the mall, with so little to offer paradoxically continues on and refuses to die. I'm not sure how, but it might have something to do with the local Harlingen resident's unwillingness to drive outside the city limits perhaps? Real malls are less than 30 minutes away.
Why, I ask you. I would suggest that even the most talented scientific minds would have to concede the unsolvable nature of this mall.
HARLINGEN — The owners of the city’s premier mall say they intend to dump the property on lenders, apparently conceding profits from the mall will not meet expectations. City officials, however, expect new ownership will keep the 650,504-square-foot retail mall open. “With the continued growth of the Harlingen economy, this news is welcomed,” Mayor Chris Boswell said in a statement. “What has been reported is that Washington Prime borrowed too much money against the Harlingen property, but during their ownership the lease revenues continued to perform reasonably.
“This transition provides an opportunity for Valle Vista Mall to catch up with the rest of the retail community in Harlingen,” he added. Washington Prime Group is a real estate trust, or REIT, a financial vehicle which invests in real estate through property or mortgages and often trades on major exchanges as a stock. The financial problems with Valle Vista have been known for some time, and the mall has been aggressively trying to fill empty spots which have numbered as high as 19 storefronts. Washington Prime’s problem has been its inability to resolve a troubled $40 million loan used to purchase Valle Vista back in 2014. The success of malls like Valle Vista and others is, financially speaking, determined by what is called the debt-to-yield ratio. That is a formula for net operating income of a mall or other property divided by mortgage debt times 100. Last year, Valle Vista’s debt yield ratio was 9.0 percent, which is generally regarded as acceptable in a primary market but seen as an underperformer in a small market like Harlingen.
Which is why Washington Prime lumped Valle Vista with four other malls it owns in Iowa, Virginia, Florida and Ohio as being underperforming, according to a Morningstar report in February 2016. City officials yesterday pointed out that whatever troubles Valle Vista may have, slow sales at the mall have not dragged down the rest of the city’s healthy retail sector.
This year, the city has seen consistent monthly rises in sales tax revenue and is up 3.81 percent over the previous year. “This transaction opens the door for a huge opportunity for commercial growth in Harlingen,” said Raudel Garza, chief executive of the Harlingen Economic Development Corp. “It is unfortunate to see a retail property in a prime location gradually decline, while surrounding retail continues to thrive.” Valle Vista has long marketed itself and its location where two major interstates, I-2 and I-69E/U.S. 77, come together. Population within a 45-minute drive of the mall is 1.1 million. Valle Vista, to be sure, is not the nation’s only troubled mall property.