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February 7, 2008 – Cincinnati, OH – The Colerain Township Business Association (CTBA) has named Larry Feldman, chairman of Feldman Mall Properties, owners of the Northgate Mall, Businessman of the Year in recognition of the remarkable turnaround the company has achieved at the Colerain Township property.
Mr. Feldman was honored at the association’s annual black tie gala, the Snowball Dinner Dance, held on Saturday, February 2 at Clovernook Country Club. Proceeds from the event support the CTBA scholarship endowment fund.
“Under the guidance of Larry Feldman, Feldman Mall Properties has engineered a remarkable turnaround of the Northgate Mall over the past two years,” said Tom Hart, past president of the CBTA and past president of the Colerain Township Trustees. ”We are pleased to honor Mr. Feldman as Businessman of the Year for his commitment to this community, which has been a boon to the township economy and a magnet for further development and investment in the area.”
Purchased by Feldman Mall Properties in 2005, Northgate Mall is a 1.1 million square-foot super-regional enclosed mall located in the northwest suburbs of Cincinnati, featuring anchor tenants Macy’s, Dillard’s and Sears. Northgate is also home to many well known national retailers, including Victoria Secret, Christopher & Banks, New York and Company, Aeropostale and many more. The mall recently signed a new lease with Rave Digital Media/Rave Motion Pictures for the creation of a state-of-the-art 14-screen, all-digital multiplex at Northgate Mall. The new theater, which will total approximately 2,850 seats, is expected to open in the fall of 2008 and is an integral part of the mall redevelopment.
“I am deeply honored to receive this award from the Colerain Township Business Association, and want to thank local government and business leaders for their outstanding support to this endeavor,” said Mr. Feldman. “We believe that 2008 will bring even more exciting new tenants to Northgate as we continue to invigorate shopper interest and sales at the mall through targeted capital expenditures designed to increase mall traffic.”
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