Chapter Five: The One-Dollar Mall
storage did the projection rearrange.
Optimal use: community health, food production, and light-maker mixed center.
Minimum stable occupancy: 64%.
Required capital: $4,800,000.
Stabilized value: $38,000,000–$44,000,000.
The valuable features were not the shops. They were loading corridors, broad floors, and two independent electrical feeds.
Horizon had just borrowed heavily against Bayview. It could not produce $4.8 million, much less the reserve.
At the auction briefing, Marcus announced that Skydome Capital would demolish the mall for gated luxury apartments. Grant Gu appeared in public for the first time. He was thirty-five, soft-spoken, and cold-eyed.
