springfield mall

Pennsylvania Real Estate Investment Trust (PREIT) is paying Vornado $465 million for the former Springfield Mall, and the image here shows why:

Springfield Town Center artist rendition Springfield Town Center?

This drawing was created by Vornado for the site’s 2009 rezoning. PREIT is including it in investor documents to show shareholders and potential tenants what’s to come. PREIT notes it will “have access to 3.3 million square feet of development rights to eventually create on the property to enhance value even more.” That 3.3 million square feet includes nearly 500,000 square feet of office, roughly 1,900 new residential units, 360,000 square feet of hotel space and 74,000 more square feet of retail.

The opening date currently looks to be October 17.

From permit requests and other sources, these are the latest tenants:

  • Zinburger, what will be a 5,500-square-foot wine and burger bar. The nearest Zinburger is in Charlottesville.
  • &Pizza (pronounced “andpizza”), for its first Virginia location.
  • J. Crew
  • Ann Taylor LOFT
  • Charlotte Russe
  • White House/Black Market
  • Chico’s
  • American Eagle Outfitters
  • Sephora
  • Mon Cheri Nails & Spa
  • Reeds Jewelers
  • Springfield Therapeutic Massage
  • Soma
  • Cartoon Cuts

PREIT also has released a handful of names in investor relations documents including “targeted tenants” such as Urban Outfitters, L.L. Bean, Balducci’s and Nordstrom Rack.

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STClogo

The Washington Business Journal reported today that they have pieced together from permit applications a number of tenants who will be populating the renovated Springfield Town Center when it finally reopens sometime later this year (or early 2015, my personal guess).

They include Maggiano’s Little Italy, H&M, Dick’s Sporting Goods, Vans, LA Fitness (also coming to the nearby Wegmans-anchored Hilltop Village Center), Regal Cinemas (how will they compete with their 16 screens already in Kingstowne?), Yard House, Chuy’s, Sarku Japan, Bento Box, Michael Kors, Banana Republic, Williams-Sonoma and of course Starbucks (how many?).

Check out the article here.

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Vornado has posted a new video showing their intended Town Center features.SprTownCtrQM

You can find it here.

You may be confused by the map which opens the presentation. This is because the map is oriented to the SOUTH instead of the NORTH – so it appears that Springfield is northeast of DC, and to the east of the Potomac River. I was really weirded out, until I looked a second time.

 

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Competition For FBI Heats Up

February 12, 2013

Capitol Business has a great article on developer competition for the FBI HQ in Springfield. From the article: Some of the most established, savvy and deep-pocketed developers in the Washington area have land holdings in the center of Springfield, and they all have experience with major projects in downtown D.C., where the J. Edgar Hoover […]

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Springfield Town Center – Site Plan

February 4, 2013

Vornado has published – sort of, it’s hidden on the Springfield Town Center contacts tab – a preliminary site plan for the mall part of the Town Center. I have reproduced it below. They only show the existing JCPenney, Macy’s and Target, plus the location of the new movie theater, but there are several outward […]

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Springfield Town Center – Coming Late 2014

November 28, 2012

Now that demolition is finally under way, here are photos of the Town Center (former Springfield Mall) as it’s expected to look when it reopens in 2014. The new mall will include an addition of roughly 700,000 square feet of retail, restaurants, a food court and a state-of-the-art movie theater. The 20-foot-tall brown numbers that […]

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Taking It Down – Springfield Mall Bites The Dust

November 26, 2012

Here’s a couple of You Tube vids of the demo getting underway: [youtube width=”560″ height=”315″]http://youtu.be/TnyhobzJSAo[/youtube] [youtube width=”560″ height=”315″]http://youtu.be/jd14J32wMJo[/youtube]

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