Find in the news:
BY COUNTRY

Michigan’s Woodland Mall Set For $100M Facelift



PREIT plans to invest a whopping $100 million in remodeling the venerable shopping center.
Philadelphia-based PREIT knows that it has a hidden gem in its portfolio in the form of the Woodlands Mall in Grand Rapids, Michigan, and the publicly traded real estate investment trust has some huge plans to help the mall realize its full potential. As MLive shares, PREIT plans to invest a whopping $100 million in remodeling the venerable shopping center. 

Joseph F. Coradino, CEO of PREIT, offered up some thoughts in a previously released statement announcing the project. "The redevelopment of Woodland Mall is an incredible opportunity to allocate capital to fortify one of the strongest assets in our portfolio. Through the recapture of Sears and signing of Von Maur, we're proactively reducing our exposure to select department stores, while simultaneously offering exclusive, high-quality retail and dining experiences that will continue to fuel traffic and high sales at the property," the statement read in part. 

Von Maur

Coradino was referring to one of the biggest parts of the project. Long-time anchor tenant Sears will be closing its doors at the mall later this month, and the 300,000-square-foot store will be divvied up and reconfigured slightly. Among those that have already signed on to occupy 90,000-square-feet of the reconfigured space is upscale retailer Von Maur. The retailer will primarily serve as the anchor for the redesigned spot, while a 60,000 square-foot junior anchor store is also slated to slide into the mix. 

Michael A. Khouri, PREIT’s vice president of leasing, recently came to town to provide some additional details on the previously announced project. "This is a pretty big investment," he said. 

Smaller shops, restaurants and what’s being described as "lifestyle-type tenants" will occupy the remainder of the space, with the latter category being eyed for two new buildings that will be constructed as part of the remodel. All told, the redesign is expected to take about two years to complete, but the mall will remain open during construction. It sounds like PREIT is leaving no stone unturned, as additional plans call for a new entrance, "a cool area for sitting and dining outside," and a much-needed redo of the parking lot.
 
Woodlands Mall in Grand Rapids, Michigan

"We have looked at the entire project, and the parking lot is terrible. As part of this redevelopment, we are going to take care of the whole area," Khouri continued. It sure sounds like Woodland Mall shoppers have a lot to look forward to, as PREIT is prepared to reawaken one of its signature retail properties.

Related shopping malls and stores:

More about shopping malls in the USA



YESTERDAY, Austria:
The crystal jewelry maker will focus on fewer stores with more space.
YESTERDAY, Germany:
The sale of the famous worldwide brand with a 250-year history is estimated at $4.8 billion.
YESTERDAY, Netherlands:
Two months before the official opening, 20 more brands have been added to the mall's list of brands.
DAY BEFORE YESTERDAY, China:
LWK + PARTNERS has revealed the winning designs of the two most prominent components of Zhongshan OCT Harbour in Zhongshan, China.
Jan 20, 2021, Singapore:
Anime fans will find a wide range of products and a vivid experience with elements of total immersion in the world of Japanese animation.
Jan 20, 2021, China:
A growing interest in Realme products could lead to the brand opening retail stores around the world.
Friend
and Follow
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place
Vegas Crocus City GLA:1 199 078 SF
ADDRESS: 61 km Moscow Ring Road
Russia . Moscow region
Vegas Crocus City


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us