UPDATE: The White Flint Lord & Taylor was included in the list of Lord & Taylor stores Forbes released of locations that will be closing in the coming months.
Reuters reports that Lord & Taylor “plans to liquidate inventory in its 38 department stores once restrictions to curb the spread of coronavirus are lifted as it braces for a bankruptcy process from which it does not expect to emerge.”
Back in 2017 Lord & Taylor was awarded $31 million in a breach of contract lawsuit against Lerner Enterprises and Tower MD Holdings, who are the majority owners of the White Flint mall property.
White Flint was demolished in 2016 and Lord & Taylor, shown in our featured photo, has stood alone on the 45 acre property since then.
This could allow for the redevelopment of the area that used to be home to White Flint Mall.
Lerner and Tower are rejoicing ng. I still dont get what they didnt build around LT. The hotel and 25000apts they wanted to build would have people who would shop@ LT. It never made sense to me why Lerner,Tower didnt see LT as a plus.
Do you know how fast their plans for another town center will come into play?