New Towne Square Mall owners start work on marketing, bringing in new stores

Local News

OWENSBORO, Ky. (WEHT) The new owners of Towne Square Mall are looking at options for the Owensboro mall.

TSM Holdings bought the shopping center from a New York-based group earlier this month.

Shoppers at Towne Square are focused on holiday shopping. Meanwhile, its new owners are focusing on the future.

“I think it is what you make it in to,” says Ed Ray, Gulfstream Development Chief Operating Officer.

“I hope it’s going to increase,” adds Bruce Thomas, who has shopped here since it opened several decades ago. he remembers its past well, but laments its current state.

“I can remember years ago when I was in business I would come out here when I had the chance, it was wall to wall people, having a good time getting Christmas presents. Now it’s a little depressing to see what is out here,” he recalled.

Gulfstream Development officials are working with TSM on bringing more stores in. Ray says they’re looking at several options and helping market the mall to potential tenants. TSM took over from Kohan Retail, who only controlled the mall for nearly a year-and-a-half.

“I think we’re always looking to see what will work and what makes the best placemaking for south Frederica, whether it’d be more opportunities for seniors, more opportunities for commercial viability of retail,” says Ray.

But how do you get stores back in to this mall? Kohan Retail officials told Eyewitness News last year that the way to do it was to get more local shops back in. Some shoppers say that’s they way to go, others say it’s all about marketing.

“There are lots of little stores that are people that have their own small businesses and that have been able to come out here and make a living,” says Goldie Payne, who was shopping at Towne Square.

“I think Highway 54 has become the go to place, but it’s also very, very hectic, it’s hard to get to, traffic is horrible. If they can convince retailers that this is a destination that they can come to and that customers can get to easily, it can continue to grow.”

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(This story was originally published on December 16, 2019)

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