Swansea Mall Fails To Sell At Auction
The Swansea Mall was on the auction block, but it seems no one was interested.
Last November the Swansea Mall was sold at auction for $6.65 million dollars, but the sale fell through just a few months later.
Now nearly a year after that initial sale, another auction for the property fell short of generating bids in the price range owners hoped for.
As Thomas Fear of Carlyle Development Group in Purchase, N.Y told The Herald, they received “a handful of bids” that fell short. Adding,
I believe it went to $5.875 million.”
the Swansea Mall wants to be considered as the Fall River RMV relocation site.
Fear did not give the paper any details on who was involved in the bidding, but he did reveal that he had submitted a proposal to the state in hopes of bringing the Massachusetts Registry of Motor Vehicles to the property.
As Fun 107 learned last week, the RMV in Fall River currently located in the Durfee Union Mill must relocate and apparently the Swansea Mall wants to be considered as a relocation site.
Although a new site was reportedly already chosen, a spokesman for the MassDOT noted wording in the request for proposals from August as saying,
Proposals will be opened upon receipt, and review will commence immediately. Proposals will be accepted until premises have been identified and a lease has been executed.”
That means Southcoast drivers could be heading to the Swansea Mall to register cars and renew licenses if the current owners can work it out.
As far as a sale of the building goes, Fear says
At this point we are the owners and will continue to be the owners for the foreseeable future."