The Country Club Plaza’s future is coming into focus a year and a half after the property was purchased by Texas investors.
It’s no secret that the Plaza has been struggling for years. In 2023, its former ownership group defaulted on nearly $300 million in debt as the shopping center struggled with slumping sales, vacant storefronts and concern about crime. The new owners, Gillon Property Group, reportedly acquired the Plaza for a discounted price of $176 million.
Now, the Plaza stands at a crossroads…