Pennsylvania Real Estate Investment Trust (PREIT) is paying Vornado $465 million for the former Springfield Mall, and the image here shows why: 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 […]
Vornado has posted a new video showing their intended Town Center features. 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 […]
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 […]
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 […]
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]
Finally there is some visible progress on the revitalization of Springfield Mall and its transformation into Springfield Town Center. Demolition is actually happening as evidenced from the photos published in the Washington Business Journal today: The word is mid-2014 for reopening. I hope to bring you more news as it proceeds.
The Springfield Mall is dead. Long live the Springfield Mall Town Center. Well, at least JC Penney, Macy’s and Target are open. But the rest of it is being gutted and rebuilt. Vornado has put up some new photos of what the “new” Town Center shopping complex will look like when the renovation is done […]