Taubman sells former Cerro Wire property to Simon

Area residents during rally on Aug. 5, 2000
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Area residents during rally on Aug. 5, 2000 outside the closed Cerro Wire property on Robbins Lane in Syosset where they protested against the proposed development of a mall at the site. (Credit: Newsday / Ken Sawchuk)

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Taubman Centers Inc. announced Friday it has sold the 39-acre site to archrival mall developer Simon Property Group, which last year purchased the adjoining property from the town and has promised to build a mixed-use development with little retail there.

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