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Polaris Fashion Mall Owner Files for Bankruptcy

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Bankrupt Washington Prime Group will pursue a dual path that includes a plan of reorganization and a sale of the company as its options.
The main entrance to Polaris Fashion Place, a mall in Columbus, Ohio, that is owned by Washington Prime Group.
CREDIT: AP Photo/Jay LaPrete

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Yet another mall operator has filed for bankruptcy, the third to seek Chapter 11 protection since Covid-19 pummeled physical retail last year. Washington Prime Group (WPG), owner of Columbus, Ohio’s Polaris Fashion Mall and 102 other shopping centers, filed its Chapter 11 petition late Sunday in a Texas court, following in the wake of Pennsylvania…

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