Malls, Markets, And Memories

Pete Heim and I discuss the slow decline of enclosed malls against the rise of mixed-use districts, then dig into local housing data, the real impact of the Federal Government Shutdown on loans, and why mortgage rates follow the 10-year Treasury instead of the Fed. We end with the $350M Broadcasting District and what it means for housing, retail, and quality of life.

• Local/National Mall trends shift to open-air retail and pad sites
• Local listings up, sales slightly down, prices still higher
• Days on market nearly flat despite more inventory
• Shutdown delays for FHA, VA, USDA; flood insurance pause
• Historical rebound after shutdowns
• Fragmented markets across regions and school districts
• Mortgage rates tied to the 10-year Treasury
• Broadcasting District: 775 homes, Whole Foods, hotel, walkability
• Community trade-offs: growth, noise, taxes, amenities

How's your Mall doing? Is it gone? Tell us on our Socials, we'd love to know and talk about it on our next show! 

Tune in every Thursday, 7 p.m.

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Welcome to The Brad Weisman Show, where we dive into the world of real estate, real life, and everything in between with your host, Brad Weisman! 🎙️ Join us for candid conversations, laughter, and a fresh take on the real world. Get ready to explore the ups and downs of life with a side of humor. From property to personality, we've got it all covered. Tune in, laugh along, and let's get real! 🏡🌟 #TheBradWeismanShow #RealEstateRealLife

Credits - The music for my podcast was written and performed by Jeff Miller.

Chapters

• 0:00 Cold Open, Banter, And Setup
• 3:42 Why Malls Fail And What Replaces Them
• 9:32 Berkshire Mall’s Fate And Timeline
• 13:43 Local Market Numbers And Trends
• 18:58 Government Shutdown: Real Estate Impact
• 25:48 Fragmented Markets And Pricing Nuance

Transcript

SPEAKER_01: 0:25

From real estate to the market as a whole, which sometimes will affect the right in real life. We all learn and do. If you think about it, Wayne Dyer might not attract everybody and everything in between.

SPEAKER_00: 0:40

Mission was really to help people just to reach their full potential. The Brad Wiseman show. And now your host, Brad Wiseman.

SPEAKER_01: 0:49

All right, we're back. We're back. Hugo. Oh, what's that was almost, you know, Halloween is way past us, and you're still doing it. Sounded very spooky. Very spooky. How are you doing? I'm good. How are you? I'm doing great, man. All right. Totally doing great. Did you get your refi done?

SPEAKER_03: 1:07

Not quite yet.

SPEAKER_01: 1:09

Not yet.

SPEAKER_03: 1:09

Still in the go in the work.

SPEAKER_01: 1:11

Get that done because rates are going up a little bit. Yeah.

SPEAKER_02: 1:14

Did you lock it? Yeah, exactly.

SPEAKER_01: 1:15

He's gonna, he's going to. That's he's working on it. Yeah. So no, so welcome to the show. We have our monthly um show this week, right now, uh, with do we have to actually say his name? Uh with the wonderful Pete Haim. Oh. Look at that. He like he's like so proud of himself. So proud. So no, welcome, uh Pete. How are you doing? Good, Bradley. How are you? It's been a while. It has been. Yeah, a month. It's been a month. It's been a total month. It's been about a month. I don't think I've seen you in a month. It's probably it's been a while. You know, we're in November. This is crazy. It's getting chilly. It is. If I don't know where you're listening to uh on this, but you know, if you're in Florida, we love you. Yep. If you're um if you're in Alaska, uh-huh. Uh-huh. It's colder than it is here. That's right. But no, the only thing I hate about this time of the year, I got to I have to say, is I just don't like the the darkness. Oh, yeah. Yes. Yeah, daily. I'm 55. You would think after 55 of these, I would I would be okay with the dark thing, you know? Because it happens every year. Right. But we all act surprised. You ever notice that people are like, oh, I can't stand it's getting dark early. And we're all like, we're all like this is the first year it happened. Yeah. We're all like, oh, son of a really who's the one that did this? Somebody's got a dimmer switch somewhere, you know. Um but yeah, so I just um this is not.

SPEAKER_02: 2:39

Losing that or I fall back as you gain an hour, right? Yep, yep. It's still messing me up, man. I mean, on my Oh, absolutely.

SPEAKER_01: 2:45

Well, you're tired. It's weird. It's tired. You're tired. I think they should get rid of the whole thing.

SPEAKER_02: 2:50

That's right. Yeah, right? Go standard. Just go standard the whole thing. The whole way. Yeah.

SPEAKER_01: 2:54

Well, Arizona does. And I think there's another, there's another place, too. There's one other place. I forgot. Uh Kawaii. Hawaii. Hawaii doesn't do it either. Yeah. They're all into that aloha shit. Yeah, they're in the aloha shit. Yeah. So they they don't they don't they don't listen to any of that at all.

SPEAKER_02: 3:07

They're probably smoking uh aloe plants or something.

SPEAKER_01: 3:09

Yeah, I don't know what goes on down there. I don't know at all. But you know, one of the things too we want to talk about today is that we're gonna change things up a little bit with the show each month. Yeah. You know, we always do a lot of numbers. Um, we're gonna be adding some other things in here. Right. Uh some other current event things, some other things about real estate, some things that maybe aren't as much about real estate, but they're all gonna kind of tie in.

SPEAKER_02: 3:30

Yeah.

SPEAKER_01: 3:31

Um because there's a lot that goes on. And I think the thing that made me think of this, and we'll go right into it, was the Berkshire Mall.

SPEAKER_02: 3:38

Yeah.

SPEAKER_01: 3:39

You know, and no matter where you're from, no matter where you're listening from, whether, you know, this is more of a local part of our show, but you know, all local is national anyway. And and really everybody has a mall. Yeah. Right? Yeah. A mole that is not a mole, not a mole. No, I think he thought I said mole.

SPEAKER_03: 3:55

That's my accent.

SPEAKER_01: 3:55

Yeah, I thought you said mole. I was like, no, of course I have moles, but you can get those taken off. But you know, but a mall, I know I I knew you're in the garden too. Yeah, you're right, exactly. Mole, yeah. So everybody has a mall. Yeah. And you know, they're not doing so well. The smaller ones, the more regional ones, you go still level. Yes. Where everything was on the inside. Yeah. And we have a mall that's doing that. We are that that has just been struggling for a while. It's a shame. And I think it's it's a it's uh something that kind of just starts to happen. And what I saw happen over the years, I used to work there back in the late 80s, and I worked at Orange Julius. And uh I remember that. Yeah, yeah. And also Chess King, I mean, nobody knows what the hell that is anymore. That was a guy's uh guy's clothing store. Not so good. Um but the but I remember what happened to the Armand, I don't know if this is the way it is where everywhere, is they would they would have a problem getting tenants, they'd lower the price, they'd get a tenant, but maybe the tenant was now not the product that we were used to. Right. Then that would go out. Right. And they'd lower the price to get a tenant, and then they would get a tenant that maybe isn't even close to what the people going there. I think what it is they forgot their audience. Like Spencer's gifts. Yeah, like Spencer's Gifts. I love Spencer's gifts. Everybody remember that? Do you remember Spencer's gifts? No, but I've never heard of it. Yeah, yeah, yeah, yeah. That was the weirdest stuff in there. Spencer gifts was weird.

SPEAKER_02: 5:21

Do you remember the bar on the up on the second floor? There was a bar on the second floor of the mall. Yeah, they used to serve drinks a lot of beakers and stuff.

SPEAKER_01: 5:27

I don't remember that. That's before me. You are older than me. Yeah. Yes. You are older than me.

SPEAKER_02: 5:32

Please chime in if you remember the name of that bar.

SPEAKER_01: 5:34

It was a good one. It was good. Oh, gadgets. I remember gadgets. Yes.

SPEAKER_02: 5:39

I had my 21st. My buddies took me out on for my 21st birthday there. And oh man, wow, gadgets. My mom was pissed because I was late for my party. Oh, man. And three sheets.

SPEAKER_01: 5:50

Did you get a whooping? No, I was 31. Well, I used to. But it I got a lashing. Yeah, you got a lashing. But no, so our mall just it just isn't working. It's not. And now it should be a central place of gathering. So many things. I was telling Carson the other day, you know what I used to do? I used to walk around and cruise chicks. Do you remember cruising chicks? All the time. You didn't do it in a car. We did it at the mall. Did you ever cruise chicks, Hugo? No, I don't know what that was. He's like, what the hell is cruising chicks? It wasn't, we didn't run over girls with our cars. That's not what we did. It was you would walk around the mall looking as studly as you could. Yep. And he'd give the wink or something, you know, and you would be like with your mullet. Hey, baby. With your mullet. With the mullet. With your plastic pants. Yeah. Oh, oh, I had parachute pants. Parachute pants, fish head shirt. I mean, I thought I would. Well, of course. Yeah. You had to be a member, but but no, but I would walk around and you'd cruise chicks. That's what we did. Cruised them. So that that's one of the things that, you know. It's mostly a junior high school. I don't do anymore. Sure. No, I don't do it anymore. And then it became the mall walk place for older people. For older people, remember? Oh, yeah. That's right. You just go take your laps. Because you had controlled weather. Controlled weather. So you could take your laps. I forget what each lap was. It might have been a quarter of a mile or something like that. And uh well, what we're trying to say is that that is gonna be leveled. It is. Most of it's gonna be level. They're gonna do, I think, what fairgrounds did. Yes. Exactly. They're gonna keep the big anchor stores.

SPEAKER_02: 7:16

They're gonna break it apart and make it more of an outside ball, I believe.

SPEAKER_01: 7:19

Yes, correct. Okay. Yeah. They're gonna have but the stores are gonna be what the audience in this area is looking for.

SPEAKER_02: 7:25

Right. In fact, they did the article said something about who's coming. Um I don't remember who's coming, but it's higher end stuff.

SPEAKER_01: 7:31

But they're gonna be pad sites, I think. Yeah, that's exactly right. And I think it's funny. People what's weird is it went years ago used to be strip malls.

SPEAKER_03: 7:38

Yeah.

SPEAKER_01: 7:39

Okay. And then that's when the malls went inverted, where you had the things on the inside out of the weather. And then we got Target. Yeah. Then it once again it was walking in the rain to go to each store. Exactly. Which I don't get. Yeah. But it's you know what it is? I think it's the visibility and the non-commitment of going in. Yeah. Think about it. If I'm driving down past Target at a regular strip mall, I'm going to see everything that's there. Yeah. If I walk into the mall, I have to walk up and down that mall to see what's there. Yeah. Because it doesn't all fit on the marquee out front. Oh, you gotta st yeah, you gotta stare at the marquee for a while. Exactly. Yeah. So I think that's part of it. Yeah. I don't know.

SPEAKER_02: 8:22

It just it just became not cool anymore. It's just the way the a different way of retail. Yeah, exactly. You know, back in the day before all that, that was Penn Street. Yeah. Yeah, exactly.

SPEAKER_01: 8:32

Every city's Penn Street was was where you went shopping. Yeah. And then that changed. Yeah. So we don't know where we don't know where things are going next, but we know that that is going to change. And if you have a mall anywhere near you, let us know if it's something that is happening in your town too. I would love to know that. I would love to know if it's just us or if is it something that's happening across across the country. And I have a feeling it it I think malls are in trouble.

SPEAKER_02: 8:57

Yeah, I agree. And we're going to be able to do it. Unless you're in Super Mall. Unless you're like King of the King of Pressure. Right. Yeah, Super Park City. But um but we do know that the Berkshire Mall is not going to have anything residential. It's going to be just like Fairground Square Mall.

SPEAKER_01: 9:10

It's just going to be split up, broken up, and it says uh March 2026 is when the construction is planned. March. Uh March 2026 is when they're going to start closing it.

SPEAKER_02: 9:19

Okay.

SPEAKER_01: 9:20

Uh the construction is planned for early 2027. That's what it says on here.

SPEAKER_02: 9:24

So go do your Christmas shopping at the Berkshire Mall for the last time.

SPEAKER_01: 9:27

Give them a good boost.

SPEAKER_02: 9:28

Give them a good boost. And they're not going in there.

SPEAKER_01: 9:31

They're awesome.

SPEAKER_02: 9:32

He is they've done a tremendous job.

SPEAKER_01: 9:34

Absolutely. And they've they tend to stay around. So why don't we go into some numbers here? Um if you want to go into some numbers. I know that's your favorite part. It's your favorite part.

SPEAKER_02: 9:42

Oh. Yeah. He gets really excited about the numbers. I'm sorry, folks. Most of you hate numbers, but we we love them. Go ahead. So today he's active. It's 558, Bradley. Whoa. That's up there. Yep. On this date 2024, there was 422. There we go. So that's uh 20%. A little over 2020. That's incredible. That's great. Yeah. That's great. Um on year to date today. These are year to date 2025 compared to year-to-date 2024. The number of listings so far this year, we've had four this is the end of October now. Until the end of October. 4,223 listings in Berks County. Last year at this time, we had 4102. Okay. So more people have listed. Yeah.

SPEAKER_01: 10:23

We kind of know that.

SPEAKER_02: 10:54

We feel that. Absorption rate 1.1 versus 1. That's the same. Uh sold. Last uh this uh this year so far up till the end of October was 3,395. Last year, 3,469. So we're a little lower than that.

SPEAKER_01: 11:10

Yep. That's interesting. Yes. Well, it's also the reason inventory is up.

SPEAKER_02: 11:15

Yep. Right? And yeah, and days on market is only one more. Twenty more. 22 versus 21. Yeah. Which is really weird. It is really weird. It should be more. Uh the average sold price is 319,325, and last year it was 300 in change. Wow. So we're five, four percent higher. Yeah.

unknown: 11:35

Yeah.

SPEAKER_02: 11:35

Which is where it's gonna fall.

SPEAKER_01: 11:37

Kind of kinda eh. It's gonna be four boring. Those numbers are kind of boring. I'm sorry, guys. You can come up. Like I thought there was gonna be something better than that. Thank God they're tearing down the mall. But Jesus, this because your stuff is terrible. Because the mall stuff's really isn't it. The mall stuff's great. They're tearing it down. No, no, it's terrible. But people have jobs, the jobs will be back. There's gonna be other stuff there.

SPEAKER_02: 11:59

So but that's that's all the mummers I have for you today.

SPEAKER_01: 12:01

Well then let's get into you you had come to me about the the shutdown. Yeah, let's go. I don't know if anybody knows this because it's not in the news at all, but the federal government has been shut down for quite some time.

SPEAKER_02: 12:11

Yeah. Um 30 some days now, or is it more than that?

SPEAKER_01: 12:14

It's it's 30, it's over 35. I know that. Is it the over 35? Yeah. So um the the thing that that you wanted to talk about is is is what does that affect in real estate? What does it mean?

SPEAKER_02: 12:24

It's like, again, guys, the sky's not fallen. I mean, so much of this stuff people go, oh my gosh, the real estate market's just gonna crash. Yeah, yeah. No. No. Here's why. Um the things that it's gonna affect uh are anything that has the the government attached to it, and it's loans, some of them. Yep, yep. Actually, 25% of them. FHA, federal housing, VA veterans, USDA, which is usually lands, farms, stuff like that, all government controlled loans. That's 25% of the loans that are outstanding out there. You're gonna have delays because there's less people in there working to get it processed.

SPEAKER_01: 13:04

The money's there for that, because it's always been set aside. The money's there. Yeah, that stuff's kind of in a pocket somewhere. It's somewhere.

SPEAKER_02: 13:10

I'm glad you said that. It's an escrow.

SPEAKER_01: 13:12

Yeah, yeah. It basically is. Good job. Really, it's like an escrow, yeah. But it's so it's there. It's just that the people that have to process it, there's not as many there. Yeah.

SPEAKER_02: 13:22

Um there's 2,500 mortgage originators per working day that are gonna affect they're gonna have delays. Yeah. So 2,500 originators per working day are gonna have delays. And that's about from 10,000. So okay, it's again, it's 25%. Flood insurance. If you if you're in a flood zone, you're buying a property in a flood zone and you need flood insurance, that's a problem. Um, that's on hold. That's on pause. Because the flood insurance is not a good idea. Because that's not funded, I don't think. Right. It is full government funded, regulated, operated. So that that one's gonna be a problem if you need flood insurance right now. And again, it's probably less than one percent of the homes that are being sold. Yeah.

SPEAKER_01: 14:02

Oh, I have sold probably, yeah, a lot less.

SPEAKER_02: 14:04

Yep. So the last shutdown that happened in 2018 was a 35-day shutdown. Okay. And it was December 22nd to January 25th of 18 to 19. Okay. The annual adjusted sales for those two that 35-day period was five million. Oh wow. And then the month after that, which was February of 19, it jumped to 5.4.

SPEAKER_01: 14:30

So it really so what happens basically is fast recovery. So during during the shutdown, there was definitely a pause or definitely a lower of of sales. And then after the shutdown, then then things started to go. Exactly. And you know, and like I was saying to you, the the the shutdown, you know, everybody says, well, how many government workers that are for furloughed right now are not making any money at all? Um, how many of them are buying a house or whatever? And I think what happens is the longer this goes, what ends up happening is becomes this like uh this uh like a snowball going down the hill. Yeah. Um, it starts to get bigger and bigger, bigger because if they're not getting paid, then that means they're not paying their bills. That's right. That means they're not going out and buying TVs, refrigerators, sofas, all these things. They're not contributing to the economy. Yep. And then the economy starts to feel that. You know, if you have 800,000 people or a million people working for the government, I have no idea how many people work for government. It's it's a lot. Yep. And and they're not getting paid. That's a million people not contributing to the economy. It it will start to have a little bit of a trickle-down effect effect. So hopefully that won't be lasting. Hopefully, get it together and open it up. Yeah. I know. Because we're doing our job. We're doing our job. We're doing our job. You go, you're doing your job. That's right. That's unbelievable. Unbelievable.

SPEAKER_02: 15:48

But I think the the it's gonna mostly affect flights. Because I'm I'm experiencing that actually. Michelle's on the plane right now are going uh flying, and it's everything was on time. Oh, wow. Everything was fine. Uh the security line was a little longer. The security check. Other than that, it's good, it's fine.

SPEAKER_01: 16:04

So there's less people.

SPEAKER_02: 16:06

That's right. They're just right. Exactly. But the the rental car business is gonna really go crazy right now.

SPEAKER_01: 16:11

Oh yeah, absolutely. Right? So true.

SPEAKER_02: 16:14

Yeah, so true. But anyway, all right, cool. But thanks for saying that because I I I think there's a lot of people concerned over that. There's no really no need to be concerned. Okay.

SPEAKER_01: 16:22

But it's so funny. Anything like that, as soon as it's a large m media thing, it makes people uneasy, whether it's directly affecting them or not, it makes them uneasy because they hear it all in the news 30 times in an hour. And what it does is when you're making the biggest investment of your life, it makes you pull back and go, oh, well, maybe I don't want to do it right now. Right, right. Let's see what happens. Is the government ever gonna open again? You know, that kind of a thing, which it will. Aaron Ross Powell, Jr.

SPEAKER_02: 16:47

And so if the good thing for you, if you want to start looking for a home, there's gonna be a little bit less competition for those people that are gonna get a little frozen because of the uncertainty. Yeah. And there's absolutely no reason to do that. You just go ahead and get in and take advantage of it because maybe we have less competition and stuff like that.

SPEAKER_01: 17:04

That is a good point. Let the people that want to do it.

SPEAKER_02: 17:08

It's not gonna be shut down forever. You just gotta get in and take advantage of it now.

SPEAKER_01: 17:11

It should be opening hopefully soon. Yep. Um yeah, let's talk about some of the things that are going on. Home price growth is moderating. Um we got this from Keeping Curt Matters. I think we kind of talked about this before. It is at a 2.3%, is where where it's at right now. Nationally. Uh nationally, exactly. And that was uh the latest numbers that were in. This was actually pretty interesting too. Uh while national prices continue to climb, and we've talked about this a lot, and it's funny that they're actually saying this. It's an economist for Realtor.com, Anthony Smith is one that put this out there. Local marketing conditions have become increasingly fragmented. This is exactly what we've seen for a while. We've been saying that this regional divide is expected to continue influencing price dynamics and sales activity as the fall season gets underway. What that means, what's I said before, what you hear on the news on a national level might may not be what's going on in your backyard. Uh it's fragmented. The markets are very fragmented. In fact, they're fragmented within your own region. Yeah. In the school district. School district could be even within the school district, it could be fragmented. Yeah.

unknown: 18:17

Yeah.

SPEAKER_02: 18:18

So that's something of Lower Alsys with the flood and the school that they got wiped out. Yeah. You know, that got pretty fragmented there. Because on the other side of the school district, it's fine. You know, over on the hill road side. But if you're down in the low area there where Antietam Lake is and all that stuff, now they're going to be building a new uh school now.

SPEAKER_01: 18:35

So they'll take care of most of the water stuff.

SPEAKER_02: 18:37

That's something else to talk about. Oh no, I shouldn't have said that. Okay. Sorry.

SPEAKER_01: 18:41

We'll talk about it next time. But I just I I think it's easy that it's interesting that they're recognizing this that it is something that everybody is seeing. I'm loving it. I'm loving they put that out nationally. That was good. And that was by uh Realtor.com actually who did that. So I don't know if you have anything else. Did you see job growth is um a little it's stalling out a little bit?

SPEAKER_02: 19:00

It's stalling out, which has one of those affordability, right?

SPEAKER_01: 19:03

You got it. And that's one of the reasons that the Fed rate was uh lowered. Yep. It's because of that. Because inflation is still at two more two point nine. Uh unemployment's at 4.3, I think, when I looked at it last. So those numbers are kind of point nine, I think. Yeah, so those numbers are are they they're okay, but yeah, this one here is interesting to watch. It's still out. Um but I did see from ADP. It surprised me actually ADP said that we actually are plus though. They have more job because ADP puts out a report because they do payroll. Right. So if they see, if they see more people added to payrolls, yeah, they put out a report and says, hey, by the way, as far as we're concerned, as one of the largest payroll companies in the world, we've seen an uptick. Last month they saw it actually go negative. Uh-huh. This month they saw it go positive. Now, that could also be because during the holidays, uh with the holidays coming up, they start hiring. Yeah, they hired.

SPEAKER_02: 19:58

I just put all my kids on the payroll. Maybe that's it.

SPEAKER_01: 20:01

That could be it. That could be. Oh, did I just say that? Sorry. Exactly. Uh IRS, don't listen. Um, and then mortgage rates, the projections are still pretty much the same. You're looking at between 5.9 and 6.4. Yeah. And they ek they eked up after this last cut. I think the 5.9 was actually from Hugo. That was Hugo.

SPEAKER_03: 20:19

That's right.

SPEAKER_01: 20:20

He was like, uh 5.9, please. Yeah. This is his dream, is what that is. Yeah. And then one more thing that I that I saw that I always like to, we've brought this up millions of times, is uh the mortgage rate does not directly is not directly affected by the Fed rate.

SPEAKER_02: 20:39

Uh yeah. It's affected by That's why the rates went up.

SPEAKER_01: 20:41

10-year treasury yield is what it comes from. Yeah, exactly.

SPEAKER_02: 20:44

They went up. They went up. They just cut the Fed and then the rates went up.

SPEAKER_01: 20:47

Yeah.

SPEAKER_02: 20:47

And people go, why? Why is that happening? They don't understand. How does that work?

SPEAKER_01: 20:53

Obviously, they're not listening to our show. They're not. Come on. Tune in, folks. 10-year treasury. Let's go. 10-year treasury. That's what it goes by. But no, that's that's what I've been seeing. That's what's going on. Um I don't know if you have anything else that you can do.

SPEAKER_02: 21:05

I don't know unless you want to talk about the one more development that's going on. You want to wait until next time.

SPEAKER_01: 21:08

Yeah, I mean, right down. This is the good thing, too. We talked about a mall closing, but talk about what we have. Both mixed use. Love it. Mixed use is my favorite thing. Yep. Oh, I love mixed use. Bring residential and commercial together. Spring rich where we're talking about. Spring rich, mixed use. Mixed use. Mixed use. The best thing in the world.

SPEAKER_02: 21:26

Planned urban development. It's really, really good stuff. But this next thing is right in that vacant land that's been there forever across from Barnes and Noble off a broadcasting road, guys. It's called the Broadcasting District Development. And it's in Spring Township. I know you're you're on the fourth air, and I would talk to Joey. You guys are all fired up about it, which you should. Yeah. We love it.$350 million project, guys. It's going to be 100 acres, vibrant, just a booming area. They've got You're getting Whole Foods. Whole Foods is the anchor. It's just going to be great. Ruth Chris. Oh, I can't wait. I know, me too.$2.1 million grant was given. Um, it's going to be a game changer. Uh obviously, Penn State Burks loves it. Penn State Burks is right there. But just think about$350 million investment. Coming into our right in that area.

SPEAKER_01: 22:19

That's a lot of money. And that's just the investment going in. Yep.

SPEAKER_02: 22:22

Now just think about the tax dollars. Oh my god, well, 775 new housing units, guys. Yeah.

SPEAKER_01: 22:28

Yes, we need it. Thank you, folks.

SPEAKER_02: 22:30

Townhouses, single homes, condos, um, 116,000 square feet of retail. There's gonna be a 110-room hotel.

SPEAKER_01: 22:38

Yeah, it's awesome.

SPEAKER_02: 22:39

Um, and guys, this is right off of 222 broadcasting road there, um, right down from Penn State Burks, is right there. And the I can't wait to hear the negativity.

SPEAKER_01: 22:48

Oh well, you know, I'm actually picturing um comments already in my head.

SPEAKER_02: 22:54

And listen, folks, if you live in Stonehill Farm or um Seven Oaks or any of those over there, I'd move. No call Brad and I. We'll we'll list your property. We'll go list it. No problem. So think about buying it because it's probably gonna make your value go up. It really will.

SPEAKER_01: 23:08

It's gonna take a while. The walking path that's gonna be around the walking path.

SPEAKER_02: 23:12

Dog park. Yeah.

SPEAKER_01: 23:13

Little dog park area. I mean, it's it's pretty awesome. I've seen it. I've been working on well, I've been working on as a planning commission for two, two, two and a half years. And there is a schematic here. It's amazing. It really is.

SPEAKER_02: 23:24

It's you know, it's I don't know if you can see it, but it's it's a whole lot of Yeah, it's it's it's really gonna be neat.

SPEAKER_01: 23:29

It's gonna be cool. We got a Dave's hot chicken coming in, or Dave's famous hot chicken coming in. Yeah, that's another big one. Um I'm trying to think of some of the other ones. Whole Foods is very popular. Oh, Whole Foods is that's actually the yank one of the anchors. That's that's a big one. Yeah. Uh but no, it's gonna be great. And that's the kind of stuff that, you know, yes, the mall's not doing well. We can also talk about the next time. What we will talk about is Crown the Crown Plaza Hotel. Okay, let's talk about that. A lot of people have questions about that. Yeah, yeah. We can talk about that too, because that's definitely one coming up that we'll need to dig into and find out what's going on. But I know there's there's things going on there too. Yeah. So it just shows you, community gets together. We need we know we need new things. We know that the mall's not working out. You get a developer to buy it, turn it into something that people use, you know? Yeah. It brings in tax dollars and makes everybody's life better.

SPEAKER_02: 24:13

Yep. My big question mark in there is the rock outcropping. What's that? The rock outcroppings that are possibly in there. Aaron Ross Powell The Rock outcroppings? What is that? Well, rock, bedrock.

SPEAKER_01: 24:24

Oh, close to the service. I'm like thinking rock and roll. Yeah, we're gonna be hearing boom, boom, boom. Oh, yeah. Oh, you're definitely gonna.

SPEAKER_02: 24:30

Because you know, there's a lot of areas here that haven't been developed for a couple of reasons because they do rock taps. Yep. And it adds. It adds to the cost of the development.

SPEAKER_01: 24:39

So if it's somebody you don't like, tell them to go down there that day and watch it. And just watch it. Just go down. Get real close. Get real close. Get real close.

SPEAKER_02: 24:46

Don't worry about that mat land.

SPEAKER_01: 24:47

Just wear wear a helmet. You'll be fine. Just wear a helmet. It's not a big deal. Yeah, the mat. It says nobody. Oh my God. All right, there you go. The new and improved, Pete Hyman, Brad. Monthly show, talking about all kinds of stuff. We got into numbers, but we're also getting into some of the local stuff going on. Let us know again about your mall in your area. Not your mall, your mall. Um, and we would love to hear about what's going on with that because I think it's it's probably happening everywhere. So that's about it. Tune in every Thursday, 7 p.m. We'll see you.