Lake City-based Blackwater Development LLC announced it is the prospective buyer of Regency Square Mall, the 56-year-old largely vacant shopping center facing code compliance issues for interior problems such as water damage and exposed wiring.
“Blackwater Development has entered into a contract to acquire the Regency Square Mall property,” President Rurmell McGee said in a statement Oct. 16.
“We are currently early in the initial phase of the due diligence process. Our primary objective at this juncture is to conduct a thorough assessment of the property and determine the project’s feasibility.”
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