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5 Redevelopments, Including Malls Going Mixed-Use and Open-Air, Plus 2 CEO Announcements

March 11, 2022

Alpharetta, Georgia: Trademark is converting the enclosed North Point Mall, which has been rebranded North Point, into an 80-acre mixed-use community. Trademark aims to demolish a large portion of the mall and update the remaining exterior facades and interior spaces. It also plans to convert swaths of surface parking into streets, green spaces, trailway links and buildings. The first phase includes 85,200 square feet of new retail, restaurant and service space; a 50,000-square-foot retail/entertainment anchor space; a 15,000-square-foot food hall; 25,000 square feet of entertainment space; 25,000 square feet of office and co-working space; and 320 for-rent multifamily residential units. Over the next decade, the master plan ultimately will introduce as much as 315,700 square feet of retail, restaurant and creative office; 120,000 square feet of office; a 150-key hotel; 17 acres of civic amenities; 36 for-sale townhomes; and 900 for-rent multifamily residential units.

North Point

Dayton, Ohio: Homestead Development will convert the largely vacant Marian Meadows shopping center in Huber Heights into a mixed-use complex anchored by a 192-unit multifamily housing development. The development also will feature a 133-unit senior-living facility, a library, a dog park and room for additional office and retail. Apex Commercial Group is recruiting other commercial tenants. The city is spending $2.4 million on facade and facility upgrades and expects the entire project to be complete in 2024.

Aiken, South Carolina: Southeastern will convert the former enclosed Aiken Mall into a mixed-use complex with retail, 265 apartments, a 100-room hotel and green space. The plan calls for new restaurant and retail buildings. Four will be 5,000 square feet each, one 10,000 square feet and one 12,000 square feet. Two of the malls’ existing anchor buildings will remain standing: Belk will stay open throughout the makeover, and the former Dillard’s will welcome a new tenant. The redevelopment, a partnership with the city, will include a public park and amphitheater in its center and a walking trail around its perimeter. Construction is expected to begin this year.

Dallas: Elm Creek Real Estate wants to convert the former Sears at Brookfield Properties’ 1.2 million-square-foot Town East Mall in Mesquite into an open-air concept. Buildings would line on either side of a two-level outdoor space with fountains and seating. Elm Creek purchased the Sears and adjoining parking lot from the retailer last year. The mall opened in 1971. Anchors include Dick’s Sporting Goods, Dillard’s, J.C.Penney and Macy’s.

Houston: The Edison Arts Foundation — a local, Black-led arts nonprofit — is working with 12 nonprofits and public donors to develop and manage the $18.8 million second phase of its Edison Center project, a 12.5-acre redevelopment of the long-vacant Willow Ridge Commons shopping center in Fort Bend. The first phase, affordable housing and a pre-K, opened this month. The second phase, including retail, should deliver this fall. The centerpiece of the project, the Edison Performing Arts Center, is scheduled to be open in fall 2023.

New CEOs at Washington Prime Group and Shipt

Christopher Conlon joined Washington Prime Group as CEO. Conlon previously was executive vice president and COO of Acadia Realty Trust. Before joining Acadia, he was a partner in Ripco Real Estate, representing such retailers as Best Buy, The Home Depot, Starbucks and Target.

Kamau Witherspoon is the new CEO at same-day delivery service Shipt. Witherspoon, previously a Target logistics executive, will assume leadership from Kelly Caruso, another Target veteran, who has served as chief executive since early 2019.

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