The owner of Market Street at Heath Brook, which filed for Chapter 11 bankruptcy protection in January, is auctioning off the bulk of the 60-acre outdoor mall off State Road 200 as part of a foreclosure compromise.
Absent the auction will be the 11.4-acre Dillard’s Inc. property, which the department store conglomerate purchased earlier this month.
The auction is slated for May 14 in Tampa as part of a deal between Market Street’s owner, The Ocala Shoppes LLC, and Bank of America, which claims it’s owed more than $130 million in unpaid loans, fees and late charges.