(Michigan City, IN) - New life could be breathed into the Marquette Mall in Michigan City, as the mall and seven-story office building now has just one owner after a buyout.

 

Moshe Shemian, who’s from the Los Angeles area, was part of a group that purchased the property nearly 20 years ago.  Shemian is looking to "proceed forward beginning a new dream for Michigan City," according to a press release.

 

The press release also revealed Shemian is looking to develop the property into a town center "that will bring jobs and energy back to Michigan City."

 

Further specifics about the future plans were not disclosed.

 

The mall once a thriving retail center began its decline after losing Sears, Carson Pirie Scott, and JC Penny over the past 10 years or so. There are still some businesses operating at the center, but they’re present in more of a strip mall setting while the heart of the mall's interior has been vacant for a number of years.