Malls · New York
Palisades Center
Palisades Center, a mall, remains operating after a 2026 foreclosure auction sold it to Black Diamond-backed buyer amid distressed loan. · 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
Auction
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: 132,957 on a counted road fhwa-hpms · all sites with thisCounty typical rent $2,000+
This site: $2,989/mo zillow · all sites with thisNow
| Status | Operatingpublic reporting reported |
|---|
Deals and debt
| Date | Event | Price | Parties | Source |
|---|---|---|---|---|
| 2026-02-04 | Auction · foreclosed | $175.0M closed | BD Palisades Holdings LLC (Black Diamond) ← EklecCo NewCo LLC et al. (borrowers) · trustee Wilmington Trust (debt later bought by BD Palisades) · loan $418.5M | monseyscoop.com 2026-02-04 |
Securitised debt and public filers
Filings (2001 to date) that name “Palisades Center” and “West Nyack” (88 hits, first 88 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 2016-05-23 (a sample date, not the issuance date); candidate loan vintage 2016 from the trust name (weak match). 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) | JPMDB Commercial Mortgage Securities Trust 2016-C2 | 3 | 2016-05-23 to 2016-05-23 | 8-K 3 |
| CMBS trust (weak) | JPMCC Commercial Mortgage Securities Trust 2016-JP2 | 1 | 2016-07-29 to 2016-07-29 | 8-K 1 |
| CMBS trust (weak) | CSAIL 2016-C6 Commercial Mortgage Trust | 1 | 2016-05-26 to 2016-05-26 | 8-K 1 |
Site context
| Housing permits, Rockland County (NY), 2024 | 221 units in 5+ unit buildings, 109 in 2–4, 85 single-family; 2023: 223 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 1 within 10 km, 12 within 25 km: Nanuet Mall (5.0 km)computed |
| Retail trade in the county, 2025 (BLS QCEW) | 13,276 jobs in 1,208 establishments; average annual pay $45,501; employment location quotient 0.97; employment -0.5% on the yearBLS QCEW 2025, NAICS 44-45, private |
| Jobs located in the tract, 2022 | 4,651 jobs; 2,301 in retail trade, 934 in accommodation and food (workplace blocks summed to tract 36087011102)Census LEHD LODES8 WAC 2022 |
| Upward mobility (Opportunity Atlas, 2010 tract) | children of low-income (25th percentile) families reached the 48th income percentile as adults; 2.1% incarcerated at the 2010 count (379 children in the sample); born 1978–83, measured 2014–15Opportunity Insights |
| Food access (USDA FARA 2019, 2010 tract) | not a low-access tract at 1 mile; 3% of residents more than 1 mile from a supermarket; poverty rate 7.2%; median family income $108,081; 115 SNAP householdsUSDA ERS |
| Schools | Clarkstown Central School District (PK-12); 1 public school within 1 mile: WEST NYACK ELEMENTARY SCHOOLNCES EDGE |
| Elevation | 75 ft above sea level at the site pointUSGS 3DEP |
| Storm events in the county, 2016-2025 | 94 county-logged events: 38 thunderstorm wind, 34 flash flood, 9 hail, 9 flood; $3,324,000 property damage reported; 1 direct deaths; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events |
| Homes for sale in ZIP 10994, 2026-09 | median list price $780,500 (-10.7% on the year); 12 active listings; median 32 days on market; 5% with a price cutRealtor.com Research |
| Retail trade in the county, 2012 to 2023 | 1,328 establishments (+15%); 13,788 jobs (+3%)Census CBP |
| Housing market in the county | typical home value $758,178 (+5% 1 yr, +40% 5 yr); typical rent $2,989/mo (+2% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 132,957 vehicles a day; 31,839 trucks; 40 counted segmentsFHWA HPMS |
Summary, model-written
The Palisades Center opened as a mall and has continued to operate. In 2026, the property faced a distressed loan that led to foreclosure and was sold at auction to BD Palisades Holdings LLC (backed by Black Diamond). The mall remains operating under new ownership.
Why. The record shows the primary cause of the change was a distressed loan resulting in foreclosure; no other factors such as anchor loss or competition are mentioned.
Where it stands. The site is currently operating and controlled by BD Palisades Holdings LLC following the 2026 auction, with the prior borrower EklecCo NewCo LLC et al. as seller and Wilmington Trust as the lender whose debt was later bought by the buyer.
For a planner
- No information on prior planning interventions or policy tools is provided in the record.
- Open question: what future land‑use plans exist for the site after the auction.
- Open question: how the new owner intends to operate or repurpose the mall.
For a developer
- Site size is not specified in the record.
- Control transferred to BD Palisades Holdings LLC via the 2026 auction.
- Entitlement stage and any zoning approvals are not described.
- Context‑layer constraints (flood, transit, environment) are not provided.
What we do not know yet
- Opening date, original size, and anchor tenant mix are unknown.
- Current occupancy, sales performance, and tenant mix are not detailed.
- Reasons for the distressed loan beyond the loan amount are not stated.
- The record is marked as 'draft' with only one source, indicating thin data quality.
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
- Log in to Foursquare foursquare.com
- Palisades Center Mall - West Nyack NY | One of the main ent… flickr.com
- PALISADES CENTER - West Nyack NY - Hours, Directions, Reviews - L… loc8nearme.com
- Palisades Center malls.fandom.com
- Palisades Center Photos, Images & Pictures | Shutters… shutterstock.com
- Palisades Center | West Nyack, NY 10994 iloveny.com
- World’s Tallest Ropes Challenge Course Coming to Palisades Center | Rockland County Times Newspaper: Real News Since 188 rocklandtimes.com
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- county grew 4.7% 2018–23
- median rent $1,826
- 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 | Rockland County |
|---|---|
| Census division | 2 · Mid-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
- Palisades Center Mall Sold at Foreclosure Auction for $175 Million · 2026-02-04
1 quoted sentence
The $175 million figure appeared on the court's foreclosure surplus monies form.
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