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Mills Is Spending $590M on Projects

ARLINGTON, VA-Mills also has developments further down the pipeline, including a one-million-sf-plus mixed-use project near Potomac Mills.

By Ian Ritter | Updated on March 23, 2005

Ian Ritter is national online editor of GlobeSt.RETAIL.

ARLINGTON, VA-The Mills Corp. is spending $590.3 million on projects currently under construction, and the REIT’s pipeline calls for more new developments across the country as well as in Canada and Europe. Including contributions by joint-venture partners, the total cost of the Mills centers being built is $834.8 million.

Mills broke ground this week on Meadowlands Xanadu, a mixed-use development with 2.2 million sf of retail-entertainment in East Rutherford, NJ. In July it is opening Pittsburgh Mills, a 1.1-million-sf retail-entertainment center in that city’s suburbs. Mills is also expanding its 2.2-million-sf Sawgrass Mills by 110,000 sf, adding an upscale lifestyle component called the Colonnade.

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