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Oyster Bay Update

The mall saga continues in the Town of Oyster Bay.

At a meeting on Tuesday, the town board passed a resolution laying out the reasons for denying Taubman Centers Inc. a permit to build a 860,000-square-foot mall in Syosset.

The town's resolution, a 35-page document, was in response to a June court order by State Supreme Court Justice Jeffrey Arlen Spinner.

"The ball is once again in Taubman's court as to what they're going to do next," said Supervisor John Venditto.

Taubman, a Michigan-based developer, has been in a lengthy court battle with the town about its plans to build an upscale mall that would include Barneys New York, Neiman Marcus and Nordstrom as anchor stores.

More here.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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