Blackhawk Plaza, the longtime open-air shopping and dining destination near Danville, could soon be headed for a major ownership change.
The financially troubled mall is expected to be put on the market, according to a new court filing in the Chapter 11 bankruptcy case involving its owner, Ramanujan Group LLC.
In a status report filed this week, attorneys wrote that Ramanujan Group and Iron Condor “intend to sell the Property” and are working to finalize a listing agreement with both KW Commercial and CBRE as the listing agents. The filing does not name a prospective buyer or give a formal asking price, and the property does not appear to have been publicly listed yet.
For residents who have watched Blackhawk Plaza struggle through vacancies, maintenance issues, tenant departures and months of bankruptcy-related uncertainty, the news could be the biggest sign yet that the center’s future may finally be changing…