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, J.C. Penney and Macy's.

Continue Reading for Free

Register and gain access to:

  • 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
NOT FOR REPRINT

© 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.