(Ian Ritter is national online editor for GlobeSt.com/RETAIL.)

SANTA MONICA, CA-The locally based Macerich Co. has many redevelopment projects in its pipeline, from coast to coast, executives revealed during their quarterly conference call. Opportunities range from future vacancies that will be left by Federated Department Stores to the addition of high-rise towers and malls.

About 10 Macerich centers have Federated stores that will be closed due to duplication after that retailer's merger earlier this year with May Department Stores, said Arthur Coppola, the company's president and CEO. The vacancies will "trigger and accelerate some very exciting redevelopments and expansion opportunities," he stated.

The REIT is currently in approvals for the addition of high rises to Tysons Corner Center, in McLean, VA, as well as Washington Square in Portland, OR. The towers could have residences, offices or a combination of both. Tysons Corner is now at 2.3 million sf, after a recent 362,000-sf expansion.