Town Told to Consider Taubman Mall Plan

SYOSSET, NY-A New York Supreme Court judge has ruled that the municipal government here should consider Taubman Centers’ proposal to build the Mall at Oyster Bay, a development that has faced court-related delays since 2000. The ruling mean that the town board of Oyster Bay must now allow Taubman to go through a building-application process.

However, the court denied a request of Taubman asking it to issue the Bloomfield Hills, MI-based developer a special use permit and site-plan approval for the mall. The court also notes that Taubman must possibly consider concessions, like building a 750,000-sf mall instead of the 860,000-sf development that was originally planned.

So far, Barneys New York, Nieman Marcus and Nordstrom have signed on as anchors at the Mall at Oyster Bay. Taubman also claims that 65% of the tenant space in Oyster Bay has been spoken for and 50% has fully-executed leases.