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SCT

5 malls converting to other uses, plus nine more U.S. retail developments moving forward

June 26, 2020

1. Winston-Salem, North Carolina

Truliant Federal Credit Union bought the 154,000-square-foot former Macy’s anchor store at CBL Properties’ Hanes Mall. Macy’s closed the store in January. “The purchase gives us a centrally located new office close to our headquarters with easy access, ample parking and a ready and flexible infrastructure,” said president and CEO Todd Hall. The price was not disclosed. Truliant has a knack for repurposing retail spaces. The company recently transformed a 28,000-square-foot former Office Depot in the nearby Pavilions Shopping Center into Truliant Academy, a training center for employees.

2. Chicago

The 10,000-square-foot Dr. Murphy’s Food Hall will open in Cook County Hospital in August. The concept is part of a $1 billion multiphase restoration of the historic building in the Illinois Medical District. Dr. Murphy’s will offer table service. Hospitality HQ, which manages Inner Rail Food Hall in Omaha, will operate the 10-vendor concept.

3. Redmond, Washington

Amazon leased the 111,000-square-foot former Macy’s at Redmond Town Center to use as a cloud computing center. The store closed last year. About 600 database engineers will work at the location. Amazon previously took over another former Macy’s, in downtown Seattle, to use as office space.

4. White Marsh, Maryland

DMS Development plans the seven-acre Windlass Run Shopping Center, which will consist of pad site tenants.

5. Barnegat, New Jersey

Barnegat Land Associates is developing a 5.6-acre property with a Dollar General building, an AutoZone building, a three-tenant retail building and a bank with two drive-thru lanes. The project will deliver in three phases, starting with Dollar General and AutoZone.

6. Middletown, Delaware

Developers are building Bayberry Town Center, a 70-acre mixed-use complex that will include 250,000 square feet of retail, plus townhomes and office. Plans call for grocery and fitness anchors.

7. Austin, Texas

Austin Community College acquired the 575,000-square-foot Highland Mall in phases and has converted the former JCPenney into a 32,000-square-foot learning center. The school plans to convert the remainder of the mall into educational, office, residential and retail uses.

8. Peru, Illinois

GK Real Estate is seeking to rezone the 465,000-square-foot Peru Mall to include residential. Three of the mall’s anchors — Bergner’s, JCPenney and Sears — are closed.

9. Richmond, Virginia

County supervisors approved plans by Dunphy Properties and Shuler Properties to develop a $290 million, hotel-anchored, mixed-use property called Courthouse Landing. The development will include 265,000 square feet of retail, 100,000 square feet of office and medical office, 115,000 square feet of self-storage space, 300 apartments and 300 townhomes and condos.

10. Amherst, New York

Developer Douglas Jemal plans to transform the former Boulevard Mall, pictured at top, into a downtown-style mixed-use district anchored by an apartment building. Next year, the town of Amherst plans to begin constructing roads, sewer lines and other utilities through the property to open it up for reuse.

11. Middleburg Heights, Ohio

The family-owned India Grocers chain plans a new store that would anchor the five-acre Plaza of Pearl development.

12. Anaheim, California

Anaheim Ducks owners Henry and Susan Samueli plan a 115-acre, mixed-use complex anchored by Honda Center, the Ducks’ home arena. To be called OC Vibe, the project would include a 6,000-seat concert hall; smaller, clublike venues; a food hall; standalone restaurants; and 30 acres of public parks and plazas. OC Vibe also will feature two hotels totaling 650 rooms, as well as 2,800 residential units and 825,000 square feet of office. The first phase is expected to open in 2024.

13. Waynesville, North Carolina

Supermarket operator Ingles will add 16 storefronts totaling more than 130,000 square feet to a shopping center it anchors. It’s part of a multiphase redevelopment that also includes renovation of the former Belk building into several standalone buildings.

14. O’Fallon, Illinois

Developer GBT Realty is forging ahead with a $30 million, 53,000-square-foot retail and restaurant development that’s 70 percent preleased to such tenants as Burger King, Chicken Salad Chick, Five Guys, Pacific Dental, Popeyes, Smoothie King, Taco Bell and car wash Tidal Wave Luxury Wash.

By Brannon Boswell

Executive Editor/SCT