(For more retail coverage, click GlobeSt.com/RETAIL.)
LAKE GROVE, NY-Simon Property Group Inc. will move forward with a $75-million plan to redevelop the nearly 1.4-million-sf Smith Haven Mall here. The Smithtown Town Council just gave its approval to the site plan and work will begin early next year.
The effort will include the addition of a new lifestyle center that is expected to feature such tenants as Dick's Sporting Goods, Barnes & Noble and the Cheesecake Factory. A 240,000-sf former Stern's department store is in the process of being demolished. Once completed, work will get under way on the lifestyle center.
"The lifestyle center will create an attractive open-air environment that shoppers will thoroughly enjoy," says Robert Spaulding, senior vice president of development at SPG. "Shoppers will also like the pedestrian plaza-type effect the lifestyle center will bring while still offering them quick access to the rest of the mall as well." A Simon spokesperson tells GlobeSt.com that weather conditions are not much of a concern, adding that the company believes customers will seek out the retail destinations that will be offered.
A Macy's Furniture Gallery and approximately 20 new stores are expected to join the mall's current roster of 130 tenants. It is anchored by Sears, JC Penney and Macy's.
Interior renovations and exterior improvements are planned as well. Right after the holidays, work will begin to replace the existing ceilings, floors and lighting. New public restrooms will also be part of the amenities package. New sidewalks, landscaping and parking lot paving will be part of the exterior work. The mall, which Simon acquired in 1995, was last renovated in 1986.
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