PhillyDeals: Expansion Planned At King Of Prussia Plaza And Court

King of Prussia Mall (Photo credit: Wikipedia)

Simon Property Group, the Indianapolis-based retail giant that owns 200-plus shopping malls nationwide, is sacrificing more than 400 parking spaces at its King of Prussia Plaza and Court to make room for at least 50 new stores and restaurants that it hopes will draw more wealthy shoppers to the region’s biggest retail complex.

At extra-large shopping centers such as King of Prussia, at least, “the mall business is good, contrary to some of the naysayers,” David Contis, president of Simon Malls and a corporate senior vice president, told me Monday.

His company bought out other investors to take control of the King of Prussia mall in 2011, in deals that valued the complex at over $1 billion.

Contis said he expected to attract luxury stores from outside the region and “the best of the Philadelphia eateries” to the new space, rather than shifting current tenants there.

Read more at http://www.philly.com/philly/business/20141118_PhillyDeals__Expansion_planned_at_King_Of_Prussia_Plaza_and_Court.html#4mWT6geTQWCWiwR1.99

King Of Prussia Mall Announces Yet Another Expansion Project!

Just a few days after demolition of the former John Wanamaker store at the Plaza began and the announcement about the construction of a new two-story addition to take its place; the King of Prussia Mall has announced an even larger project that will finally connect both malls.  40 more stores will be added when the malls are finally joined.  The Wanamaker project is adding 10 more stores.

The Plaza with its 1.7 million square-feet will be combined with the Court’s 900,000+ square-feet.  With the additions (200,000+ square-feet) there will be nearly 3 million square-feet of space.   The King of Prussia Mall is the largest mall in the United States in terms of leasable retail space.

The latest project is subject to approval by local government.  I would be beyond shocked if that didn’t happen!

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.

J. C. Penney Store At King Of Prussia Mall Splurges On Remodel

Image via Wikipedia

J.C. Penney is the last original anchor store at the King of Prussia Plaza.  The plaza opened in 1963 with Penney’s, Wanamaker’s and Korvette’s as anchor stores.  To celebrate nearly 50 years at the Plaza, the store splurged on a makeover!

To read all about it, click here: http://www.timesherald.com/articles/2011/09/13/business/doc4e6fe79c39906162083352.txt