Revamp Roadblock: JCPenney Sues to Halt Steeplegate Mall’s Transformation into Residential and Retail Haven
Concord, NH — JCPenney, a longstanding tenant at Steeplegate Mall, has initiated legal action against Onyx Partners, the mall’s owner. The lawsuit arises from Onyx Partners’ controversial plan to demolish a significant portion of the shopping center to make way for a large residential and commercial complex featuring potentially 600 apartments and businesses, possibly including names like Costco or Whole Foods. The department store chain, which has occupied space in the mall since its inception, contests that the extensive construction will breach its lease agreements by causing undue disturbance. These agreements are set to last … Read more