South Hills Village Mall To Get Major Makeover

Map of Allegheny County, Pennsylvania, United ...

Map of Allegheny County, Pennsylvania, United States with township and municipal boundaries (Photo credit: Wikipedia)

South Hills Village mall will undergo a multimillion-dollar renovation as part of its owner’s plan to spruce up some of its shopping centers — to the tune of $3 billion — through 2016, an official said.

“We’re very focused on making our malls completely up-to-date and with the latest customer amenities, and giving our customers the best experience in which to shop and dine and be entertained,” Les Morris, spokesman for Simon Property Group Inc., said on Thursday.

The recession hurt shopping centers nationwide, so retail property owners have been upgrading malls rather than building more of them, said Jesse Tron, spokesman for the International Council of Shopping Centers in New York.

“I think 2014 will remain more about redevelopment, as opposed to new development,” he said.

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Franklin Mills Reinvents Itself As A More Conventional Mall

Map of Pennsylvania highlighting Philadelphia ...

Map of Pennsylvania highlighting Philadelphia County (Photo credit: Wikipedia)

A sky-high crane dangles over a corner of Franklin Mills Mall these days, but it is more than a towering construction tool: It is a symbol of how necessity is the mother of reinvention at this once-legendary shopping mall.

A Walmart Supercenter is taking shape at the once-pioneering complex, which opened nearly 25 years ago with theme-park anticipation as among the first outlet malls, and the outright largest, ever built. The splashy development, unveiled in 1989, was a gamble befitting its locale, a onetime Northeast Philadelphia racetrack. And early on, its unmatched offerings paid off with packed corridors.

The mall flaunted a 1.2-mile-long, zigzag-shaped concourse, and more than 200 stores hawking discount designer goods, at a time when such wares were available only at out-of-the-way old-factory outlets. Its 1.7 million square feet of bargain buys, right off I-95, was a tourist draw and local sensation.

But the megamall’s early monopoly on outlet shopping has come to an end, forcing Franklin Mills to alter its once-irresistible identity. The Walmart is one of many tenants that now make the monolith, well, a bit more ordinary. And this is by design.

Read more at http://www.philly.com/philly/business/20131226_Franklin_Malls_reinvents_itself_as_a_more_conventional_mall.html#B6GQUXeWYThVsWmy.99

King Of Prussia Mall Announces New Retailers

King of Prussia Mall

King of Prussia Mall (Photo credit: Wikipedia)

KING OF PRUSSIA — Simon Property Group, Inc. (NYSE:SPG), the world’s leading retail real estate company, announced the addition of six new merchants, along with three retailer expansions, to King of Prussia Mall.

The center continues to add stores to its more than 400 retail and dining options.

Tommy Bahama opened its first stand-alone store in Pennsylvania in July.

Athleta is set open by the end of the summer.  Designed and tested by women athletes, Athleta offers women’s swimwear and athletic clothing for yoga, running, golf and tennis. Both stores will be located on the upper level of the Plaza.

Read more:  http://www.pottsmerc.com/article/20120831/FINANCE01/120839902/king-of-prussia-mall-announces-new-retailers?nstrack=sid:48949|met:300|cat:0|order:4#full_story

King Of Prussia Mall Announces New Retailers

KING OF PRUSSIA, PA – Simon Property Group, Inc. (NYSE:SPG), the world’s leading retail real estate company, announced the addition of six new merchants, along with three retailer expansions, to King of Prussia Mall.

The center continues to add stores to its more than 400 retail and dining options.

Tommy Bahama opened its first stand-alone store in Pennsylvania in July.

Athleta is set open by the end of the summer. Designed and tested by women athletes, Athleta offers women’s swimwear and athletic clothing for yoga, running, golf and tennis. Both stores will be located on the upper level of the Plaza.

Read more: http://business-news.thestreet.com/the-mercury/story/king-prussia-mall-announces-new-retailers/1

J.C. Penney Returns To Franklin Mills Mall

English: The logo of Simon Property Group.

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The J.C. Penney outlet store at Franklin Mills mall was one of 19 outlet stores closed by J.C. Penney.  In March of 2012, J.C. Penney is coming back to Franklin Mills as a full-line department store.  The new 100,000 square-foot store will occupy the same space but feature an updated design.

Franklin Mills Mall, is owned by Simon Property Group and has 200 stores.

Wegman’s Coming To Montgomery Mall

The logo of Simon Property Group.

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Montgomery Mall has a big empty space.  When Boscov’s reorganized a few years ago, the Montgomery Mall store closed and has been empty ever since.  Now Wegman’s has announced plans to become the newest anchor store at the mall. 

Wegman’s will demolish the old Boscov’s and build a new store.  The store will be 125,000 square-feet, which is the same size as the former Boscov’s.  The opening date will be determined by how fast Wegman’s can fit this new store into their schedule.  2012 is out but 2013 is in the running.

Wegman’s is breaking ground by becoming the first supermarket to open at a Simon Property Group mall.

Wegman’s has a store open in Collegeville and another store opening (Spring of 2012) in King of Prussia.

King Of Prussia Mall Adding 122,000 Square-Foot Building On Former Wanamaker’s Site

The old Wanamaker’s store at King of Prussia Mall will meet with a wrecking ball to make way for a new 122,000 square-foot building that will house 10 new stores.  The former Wanamaker’s store has been empty for some time now.

King of Prussia Mall is having a great year and the mall is looking to add more prime space to attract additional retailers.  The new construction will continue through the fall of 2012.

This is the first major redevelopment project at the mall since 2001 when the Pavilion was created at the Court in the former Strawbridge and Clothier store.

Could Granite Run Mall Be The Next Entry On DeadMalls.com?

The logo of Simon Property Group.

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Granite Run Mall, just outside of Media, Delaware County is slowly dying.  Empty stores and few shoppers is not a good sign of things to come.  Simon Property Group Inc. and Macerich Co. are the owners of Granite Run Mall.

Granite Run Mall may be up for a short sale or a take over by its lender because of a very late $115 million mortgage payment.  Simon appears to have lost interest in dumping more money into the mall.  Malls across America are struggling as consumers have turned to strip malls, outlet malls and big box retail complexes.  If Granite Run fails, it will be the largest mall to be sold or forfeited to a lender since the current recession started. 

Granite Run is a two-level, super-regional mall with 1,033,000 square feet of retail space.  The three anchor stores are JC Penney, Sears and Boscov’s.  Kohl’s is located outside the mall, along the perimeter, to make a fourth large department store at the mall complex.  The mall opened in 1974 and was remodeled in 1984 and 1994.