City officials were given the pitch earlier this week and have asked members of the planning commission to consider the issue.Developers of the 41-acre project say more retail will make the overall project more fiscally sound. This week's request was not the first for change.
The original redevelopment proposal called for 51,100 sf of retail space, 80,000-sf of office space and 820 apartments. Since then, the project has been scaled back, first lowering the number of apartments to 685, then 285 this week. The office portion has been entirely wiped out.
Located at the intersection of Interstates 90 and 405, Factoria Mall, now boasts 525,000 sf of retail space. Anchor tenants include Mervyn's, the Nordstrom Rack, Old Navy, Safeway and Target.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
