Malls · Florida
The Oaks Mall
The Oaks Mall in Gainesville remains open despite loan defaults and foreclosure actions, facing uncertain future ownership and redevelopment prospects. · summary, model-written
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from. documented = a quoted excerpt (click to read it) · reported = a source named, no excerpt yet · no source.
Site profile4 elements · what this retrofit is built with · tap a chip for the evidence
Default or watchlist
This site: research-deals · all sites with thisForeclosure or REO
This site: research-deals · all sites with this30,000+ vehicles a day on an adjacent road
This site: 98,500 on I-75 fhwa-hpms · all sites with thisInterstate or freeway within 600 m
This site: I-75 fhwa-hpms · all sites with thisNow
| Status | Operatingpublic reporting reported |
|---|
Deals and debt
| Date | Event | Price | Parties | Source |
|---|---|---|---|---|
| 2026-02 | Foreclosure · default | — | · lender COMM 2012-LTRT trust · loan $74.0M | KBRA 2026-02-06 |
| 2025-02 | Foreclosure · default | — | ← Brookfield Properties · trustee U.S. Bank · loan $118.0M | wcjb.com 2025-02-11 |
| 2025-02 | Special servicing · special servicing | — | · lender COMM 2012-LTRT trust · loan $77.6M | KBRA 2025-02-06 |
Securitised debt and public filers
Filings (2001 to date) that name “The Oaks Mall” and “Gainesville” (106 hits, first 100 sampled, 8 other filers such as tenants left out). Only weak matches to commercial-mortgage trusts: the mall may have backed a securitised loan, or may just be mentioned in the filing; several trusts usually means one loan split into pari-passu notes. Earliest trust filing in the sample 2005-08-02 (a sample date, not the issuance date); Whether the loan is still in the pool, in special servicing or repaid is in the trust's monthly distribution reports, which are not searchable here. Text matches, not a title search. Open the search · all trusts.
| Kind | Filer | Filings | Dates | Forms |
|---|---|---|---|---|
| CMBS trust (weak) | CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP | 1 | 2005-08-02 to 2005-08-02 | 8-K 1 |
| Public owner (strong) | General Growth Properties, Inc. | 45 | 2011-03-01 to 2021-02-26 | 8-K 34, 10-K 11 |
| Public owner (strong) | GENERAL GROWTH PROPERTIES INC | 21 | 2001-03-19 to 2010-08-03 | 10-Q 10, 10-K 9, 8-K 2 |
| Public owner (strong) | Seritage Growth Properties (SRG, SRG-PA) | 4 | 2016-03-11 to 2019-03-01 | 10-K 4 |
As reported by the owner
Property tables from the owner's annual report (Form 10-K, Item 2) on EDGAR, one row per filing year. GLA, occupancy and anchors are the filer's own figures at that year end; “leased” counts signed leases, “occupied” counts open stores; ownership is the filer's share. Matched by name and place, unreviewed; the verbatim table row is in sec_facts.csv.
| Year end | Filer | Name in filing | GLA sq ft | Occupancy | Years | Share | Sales psf | Anchors listed |
|---|---|---|---|---|---|---|---|---|
| 2020 | Brookfield Property REIT (formerly GGP) 10-K, 2021-02-26 | The Oaks Mall Gainesville, FL match: exact | 900,000 in-line 342,000 | 85.4% leased | 46.0% | Dillard's, Belk, JCPenney | ||
| 2016 | GGP Inc. 10-K, 2017-02-22 | The Oaks Mall Gainesville, FL match: exact | 906,104 in-line 348,237 | 94.7% leased | 100.0% | Belk, Dillard's, JCPenney, Macy's, Sears | ||
| 2012 | General Growth Properties 10-K, 2013-02-28 | The Oaks Mall Gainesville, FL match: exact | 902,384 in-line 344,517 | 97.5% leased | 100.0% | Belk, Dillard's, JCPenney, Macy's, Sears | ||
| 2009 | General Growth Properties 10-K, 2010-03-01 | The Oaks Mall Gainesville, FL match: exact | 897,630 in-line 339,763 | 51.0% | Belk, Dillard's, JCPenney, Macy's, Sears | |||
| 2006 | General Growth Properties 10-K, 2007-03-01 | The Oaks Mall Gainesville, FL match: exact | 907,282 | 51.0% | Belk, Dillard’s, JCPenney, Macy’s, Sears |
Site context
| Housing permits, Alachua County (FL), 2024 | 922 units in 5+ unit buildings, 6 in 2–4, 822 single-family; 2023: 687 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 1 within 10 km, 1 within 25 km: Gainesville Mall (7.1 km)computed |
| Retail trade in the county, 2025 (BLS QCEW) | 14,065 jobs in 906 establishments; average annual pay $36,674; employment location quotient 1.01; employment +0.8% on the yearBLS QCEW 2025, NAICS 44-45, private |
| Jobs located in the tract, 2022 | 5,547 jobs; 630 in retail trade, 559 in accommodation and food (workplace blocks summed to tract 12001001605)Census LEHD LODES8 WAC 2022 |
| Upward mobility (Opportunity Atlas, 2010 tract) | children of low-income (25th percentile) families reached the 44th income percentile as adults; 6.2% incarcerated at the 2010 count (227 children in the sample); born 1978–83, measured 2014–15Opportunity Insights |
| Food access (USDA FARA 2019, 2010 tract) | low-income, low-access tract (1 mile urban / 10 miles rural); 65% of residents more than 1 mile from a supermarket; poverty rate 38.5%; median family income $77,708; 214 SNAP householdsUSDA ERS |
| Schools | Alachua County School District (PK-12); 1 public school within 1 mile: SIATECH MYCROSCHOOL INC.NCES EDGE |
| Elevation | 99 ft above sea level at the site pointUSGS 3DEP |
| Storm events in the county, 2016-2025 | 249 county-logged events: 138 thunderstorm wind, 55 heavy rain, 20 hail, 18 flood; $2,068,910 property damage reported; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events |
| Homes for sale in ZIP 32605, 2026-09 | median list price $299,900 (+5.0% on the year); 110 active listings; median 71 days on market; 22% with a price cutRealtor.com Research |
| Retail trade in the county, 2012 to 2023 | 915 establishments (-2%); 14,876 jobs (+12%)Census CBP |
| Housing market in the county | typical home value $298,912 (-1% 1 yr, +16% 5 yr); typical rent $1,640/mo (+2% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 98,500 vehicles a day on I-75 (Interstate, 6 lanes); 28,860 trucks; 22 counted segmentsFHWA HPMS |
Summary, model-written
The Oaks Mall opened as a retail mall and continues to operate today. It has recently experienced multiple loan defaults and foreclosure actions, indicating financial distress despite its operating status.
Why. The record shows distressed loan or foreclosure as the primary cause, with several loans in default and one in special servicing.
Where it stands. The mall remains operating but is under the control of lenders in default (COMM 2012-LTRT trust and U.S. Bank) and special servicing, with Brookfield Properties noted as a prior seller.
For a planner
- Zoning and land‑use designations are not specified in the record.
- Potential for adaptive reuse or redevelopment requires further study.
- Ownership fragmentation complicates coordinated planning efforts.
- Economic and community impact assessments are needed to guide policy.
For a developer
- Site size and parcel boundaries are unknown.
- Control is split among multiple lenders, creating uncertainty over decision‑making authority.
- Entitlement stage and any existing approvals are not documented.
- Context layers such as flood risk, transit access, and environmental constraints are not provided.
- Market signals from surrounding tract data are absent.
What we do not know yet
- Opening date and original anchor tenant mix are missing.
- Total land area and building footprint are not recorded.
- Current zoning, land‑use regulations, and any pending changes are unknown.
- Environmental conditions, floodplain status, and proximity to transit are unspecified.
- The record is marked as draft with only one source, indicating limited verification.
- Derived fields such as the opportunity score may be model‑extracted and unreviewed.
Generated by nvidia/nemotron-3-super-120b-a12b on NVIDIA API via Hermes CT from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
Elsewhere on the web
Pages with photos
- The Oaks Mall | Indoor Shopping & Dining Center in Gainesville enjoyflorida.com
- Shopping the Oaks Mall in Gainesville visitflorida.com
- The Oaks Mall - Spinoso Real Estate Group spinosoreg.com
- Before you go to the Oaks Mall… mainstreetdailynews.com
- The Oaks Mall, Gainesville, Alachua County, Florida | Flickr flickr.com
- THE OAKS MALL - Updated July 2026 - 38 Photos & 65 … yelp.com
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- county grew 7.1% 2018–23
- distressed loan or foreclosure
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| County | Alachua County |
|---|---|
| Census division | 5 · South Atlantic |
| Notes | Record created from a 2024+ transaction, listing or loan report; no retrofit recorded. |
Not yet recorded: acres, GLA, year opened, original developer, what is there now, retrofit year. Know it? Tell us.
Sources
- KBRA downgrades COMM 2012-LTRT · 2025-02-06
1 quoted sentence
Oaks is reported as non-performing matured balloon, specially serviced, and no workout plan has been provided.