UPDATE: Feldman Eyes Expansion of Golden Triangle Mall

(For more retail coverage, click GlobeSt.com/RETAIL.)

DENTON, TX-Feldman Mall Properties Inc., with early April penciled for the closing, is planning to spend $10 million to $20 million to reposition the vintage Golden Triangle Mall as soon as the $40-million, off-market deal with Simon Property Group crosses the finish line.

“The plans are still very preliminary at this point,” CEO Larry Feldman says. But, he tells GlobeSt.com that the parking ratio presents development options to add to the upside formula for mixed-use space at the 2201 S. Interstate 35E property. He says the retooling plan will be patterned after the Colonie Center in Albany, NY, a 1.3-million-sf project retrofitted with entertainment venues and new retail choices for its region.