PREIT Reveals The Gallery’s New Look

Everything about the decrepit Gallery at Market East may be about to change.

Under an intended top-to-bottom renovation, one of Center City’s most notorious dead spots would be reborn as a gleaming glass-and-steel emporium – brimming with brand-name discount fashion shops, destination restaurants, and lively sidewalk cafés.

Even the name would be new. Welcome, shoppers, to the Fashion Outlets of Philadelphia.

Details of the plan were provided exclusively to The Inquirer in advance of a series of meetings by government agencies whose support is vital to the project. The news marks a grand unveiling of plans for the Gallery following years of uncertainty and speculation.

Read more at http://www.philly.com/philly/business/20150415_PREIT_reveals_the_Gallery_s_new_look.html#ZjuIZxyXWmB7TTV1.99

Grass-Roots Effort For A Marketplace In The Mall At Steamtown Continues

SCRANTON, PA — The idea of a Reading Terminal Market marketplace in the Mall at Steamtown is gaining momentum.

The concept to create a marketplace in a portion of the mall began nearly two months ago as brothers, Michael and George Boyd, both of Scranton, started a Facebook page to gauge public’s interest to save their city’s retail hub.

Thousands in Lackawanna and Luzerne counties have weighed in on the idea. Last month, the Boyd brothers said the positive responses were “overwhelming.”

Today the Facebook page, Reading Terminal Market at the Mall at Steamtown, has more than 5,800 “Likes” and is getting people talking about how to revive the mall.

Read more: http://www.timesleader.com/news/business-local-news/152278963/

Steamtown Mall Goes To Sheriff’s Sale June 10 With $43.7M Asking Price

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

The asking price for the foreclosed downtown shopping center will be $43.7 million, according to a list released Monday by the Lackawanna County sheriff’s office.

The sale begins at 10 a.m. in the first-floor jury lounge at the Lackawanna County Courthouse, said Robert Moore, a deputy sheriff. Although the mall is the first item on the list, the auction will follow bidding for other properties held over from earlier sales, the deputy said.

Mall principal Al Boscov continues to put together financing to try to make the acquisition, said Scott Esterbrook, a Philadelphia lawyer who represents the department store magnate in the foreclosure.

“Albert is still working on a lot of details relating to the foreclosure sale,” Mr. Esterbrook said. “He is trying to raise the capital to pull it off.

Read more: http://thetimes-tribune.com/news/steamtown-mall-goes-to-sheriff-s-sale-june-10-with-43-7m-asking-price-1.1676862

Developers: West Manchester Mall Construction Could Begin By March

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

The new year will bring a new West Manchester Mall, and developers said work could begin before winter ends.

“We’re trying to get started as early as we can. March is not an unreasonable target,” said Tony Ruggeri, co-founder of Dallas-based M&R Investors, which owns the mall.

The 32-year-old shopping hub at 1800 Loucks Road is set for a $47 million redevelopment that will change it from an enclosed mall to an outdoor plaza similar to Hunt Valley Towne Center in Maryland.

The York County commissioners and the West York school board recently approved a tax incentive financing (TIF) plan that will allow the mall to be revamped while receiving a limited tax break on the improved property.

Read more: http://www.yorkdispatch.com/breaking/ci_24764314/developers-west-manchester-mall-construction-could-begin-by