Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Advisors Excel to Transform KS Mall Into Mixed-Use Center
Advisors Excel, a Topeka, Kansas-based financial and investment services company, has acquired the West Ridge Mall and will redevelop it into a new mixed-use, lifestyle facility with dining, event, entertainment, green and corporate spaces.
Once operational, the converted site, which is the third-largest enclosed mall in the state with 992,000 square feet, will also be home to Advisors Excel headquarters for more than 500 of the company’s employees.
“Contrary to popular belief, the American mall is not dead,” said Cody Foster, co-founder of Advisors Excel. “Developers are looking to shift shopping centers to a multi-purpose lifestyle hub, incorporating leisure offerings and getting people in the door again, whether they are consumers, tenants, or professionals.”
West Ridge Mall in 1988 and has seen a steady decline in business and occupancy over the last decade. The development is in its initial stages, with Advisors Excel working to retain all current mall employees and management during the transition.
