Search
 

Plymouth Meeting Mall Undergoes $84M Redo

PLYMOUTH MEETING, PA-Ground breaks for the addition of a 65,000-sf Whole Foods Market and 40,000-sf, open-air lifestyle wing plus restaurant outparcels.

By Marita Thomas | Updated on May 15, 2007

PLYMOUTH MEETING, PA-Pennsylvania Real Estate Investment Trust has broken ground for redevelopment and expansion of Plymouth Meeting Mall. Plans call for adding 142,000 sf to the 800,000-sf center.

The additions include a 65,000-sf Whole Foods Market, which will be connected to the mall by a new 39,000-sf, open-air lifestyle wing. The project also calls for new outparcels. Four of them, which aggregate 34,000 sf, are for themed restaurants: PF Chang’s Asian Bistro, Redstone American Grill, California Pizza Kitchen and Benihana. A Citibank branch is also being added on a new 4,000-sf outparcel.

A spokeswoman confirms that the total investment is projected at $83.9 million. The year-to-date investment is $23.7 million, she tells GlobeSt.com. The center was completed in 1966 and renovated eight years ago. PREIT acquired it in 2003. That year, as GlobeSt.com previously reported, the Philadelphia-based REIT paid approximately $15.8 million for the former 160,000-sf Ikea store and 6.1-acre adjoining parcel.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.