City of Holladay Statement on Macys Closure and Future Development at the Cottonwood Mall Site
Today’s announcement by Macys that it will be closing its location in Holladay brings to a close the last remaining part of the former Cottonwood Mall. While we regret the loss of jobs and retail convenience that may come with the closure of this store, we also recognize that the closure also presents a unique opportunity for redevelopment of this critical asset in our community.
The Ivory Companies (Ivory Development, Ivory Homes, and ICO Commercial) have entered into an agreement to purchase the former Cottonwood Mall site. Over the next several months, the City will be working with the Ivory Companies to refine ideas for future development on the site. We are excited about the opportunities this agreement may create for Holladay and its residents and look forward to a discussion with the community about how those opportunities will unfold.