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Shopping Mall Redevelopment and Re-Use

Including a list of 100+ major shopping centers in active redevelopment, regeneration, and repurposing.
The redevelopment of shopping malls may be the most active asset class in 2020.

Shopping mall redevelopment and re-use projects are in planning or in active development throughout the U.S., and around the world.   Retail malls (and their anchor retail tenants) were already threatened by changes in out-of-home versus online shopping behavior, well before the Covid-19 pandemic.   The coronavirus has not only propelled these changes but caused new shopping sensibilities to emerge as lock-down and work-from-home orders persisted.

 

Depending upon local customer demand and interest from major new anchor tenants, shopping mall redevelopment is taking on a number of different approaches.   All the approaches are founded on highest-and-best use considerations, beginning with the quality of location.  In general, malls are well-located within their host communities and situated at well-trafficked streets and intersections.

 

Assuming a mall is well-located, the options for redevelopment or fuller adaptive re-use are numerous.   Some of the typical re-use scenarios for shopping mall redevelopment and re-use include:

 

  • Separate repurposing of a single major department store pad.  Pembroke Lakes Mall (Florida) is an example, where the former Sears department store is to be converted to a Round One Entertainment Center.

 

  • All or partial demolition of the existing mall to allow for a more vital mixed-use program to emerge.  Elephant & Castle mall in the U.K. is an example, where the mall and surrounding area will be razed to make way for a new $3.5 billion regeneration project to emerge.

 

  • All or partial demolition to allow for multi-family residential, whether ownership or rental.  Multi-family residential, whether ownership, rental apartments, and/or a form of affordable housing, or all potential viable uses in such re-purposing.

 

  • Re-leasing of anchor slots to major alternate users, such as health care, sports or fitness, or location-based entertainment.   Other non-retail users are also interested in these anchor slots, including data center operators, online retailers needing “last mile” fulfillment, and so-called dark grocery stores and ghost kitchens.

 

  • Complete re-tenanting of an existing mall through on major (new) anchor.  IKEA’s acquisition of 945 Market Street (the 6X6 Building) in San Francisco is an example.

 

 

Shopping Mall Redevelopment and Re-Use projects

A roof-off view of a major regional mall in an ideation exploration of re-use possibilities.

 

 

Shopping mall redevelopment and re-use projects are listed in the following exhibit, with some select details about the new program in consideration.

 

Our listing is under continuing editing – more projects and refined details, so check back here often.   And please contact with major shopping centers in planning for such redevelopment; we’ll appreciate such tips!

Shopping Mall Redevelopment and Re-Use

PropertyOwner/DeveloperUpdatedStatusCountry
Baldwin Hills Crenshaw PlazaLIVWRK (New York) and DFH Partners (New York)2020/10/0843-acre property including the 869,000 SF BHCP shopping center. Formerly owned by Capri Urban Investors (Chicago).U.S.
Bannister Mall
5600 Bannister Road, Kansas City, Missouri
The mall was demolished in early 2009, first opened in 1980.U.S.
Bayshore Town Center
Glendale Wisconsin
www.thebayshorelife.com
Cypress Equities (Dallas)2020/10/07The enclosed parts of this mall have been demolished. Among other changes at this mall, Target is taking over the space where a Boston Store (Bon-Ton Stores Inc. ) had operated. First opened in 1954.U.S.
Brookwood Village
Birmingham, Alabama
Arlington Properties2020/10/28Under contract with plan to redevelop. The mall first opened in 1974.U.S.
Burgess Hill town centreNewRiver2020/09/24Members of the planning committee voted unanimously to approve the redevelopment of The Martlets shopping centre to include 172 flats, a ten-screen cinema, bowling alley, gym and hotel.U.K.
Carousel Mall
295 Carousel Mall
San Bernardino, California
City of San Bernardino2020/10/30The City would like the mall to be redeveloped as part of an overall revitalization program for the City's downtown area. A 43 acre shopping center property, shuttered for good in 2017. The mall first opened in 1972.U.S.
Century Plaza
Birmingham, Alabama
Stonemont Financial 2020/11/11The demolition of Century Plaza is underway to clear the way for a new last-mile delivery center for Amazon. The mall had and sat empty since May, 2009. The 743,795 SF mall had first opened in 1975.U.S.
CF Grand Market District
(formerly, Fairview Park)
Cadillac-FairviewRedevelopment of former 140,000 SF Sears store, vacant since early 2018. The major redevelopment of the mall began in 2019.U.S.
Chesterfield MallThe Staenberg GroupTSG first acquired the mall's Sears building in 2018 and has subsequently acquired the mall (February 2020).U.S.
City Point
Plano (Tarrant County), Texas
Centurion American Development52 acres, the site of the former North Hills Mall.U.S.
Clay Terrace
Carmel Indiana
Washington Prime Group Inc.2020/09/24Re-purposing planning underway, towards mixed-use use with some remaining retail. Original developed as a lifestyle retail center, opened in 2004.U.S.
Collin Creek
Plano (Collin County), Texas
www.collincreekmall.com
Centurion American DevelopmentUnder redevelopment to create a $1 billion mixed-use facility. The mall first opened in 1981.U.S.
Colony Square
1175 Peachtree Street NE, Atlanta, Georgia
www.colonysquare.com
North American Properties2020/10/13Under redevelopment, conversion to more vital mixed-use program.U.S.
Connecticut Post Mall
1201 Boston Post Road, Milford, Connecticut
www.shopconnecticutpostmall.com
Centennial Real Estate CompanyThe mall owner's proposal to place a 300-unit apartment building at the mall failed to secure Planning & Zoning Board approval. The mall has lost two major anchor stores (Sears and J.C. Penney) over the past few years. Mall was first built in 1960.U.S.
Coquitlam Centre Pension Fund Realty2020/11/20Redevelopment envisioned to convert the 60-acre mall into a large mixed-use district and create a regional Town Centre. Part of City Centre Area Plan (CCAP), just approved.U.S.
Croydon town centreA regeneration scheme is in discussions.
Croydon town centre is a major hub of activity for shoppers, workers and visitors – with East Croydon station handling 26,000+ daily passengers.
Cumberland Mall
Atlanta, Georgia
Brookfield Properties2020/09/17The Cobb County Board of Commissioners have approved rezoning for planned redevelopment of 17.29 acres of the Cumberland Mall property in the Cobb-Galleria area.U.S.
Dallas Midtown
Dallas, Texas
www.dallasmidtown.com
Beck Ventures2020/11/1/A $4 billion repurposing of Dallas’ old Valley View Mall. First opened in 1973, shuttered in 2019.U.S.
Dezerland Park Orlando
5250 International Drive
Michael Dezer2020/11/10An 800,000 SF entertainment complex, former Artegon Marketplace shopping mall which shuttered (mostly) in January 2017. Venues envisioned at Dezerland Park include a 250,000 SF museum of famous cars and vehicles, restaurants, go-kart track, bowling, trampoline park, mini golf, and an arcade.U.S.
Dulles Town Center
21100 Dulles Town Circle, Sterling, Virginia
Centennial Advisory Services2020/11/10Now managed by Centennial Advisory Services, following October 22, 2020 foreclosure. The property is part of a 554-acre Dulles Town Center MPC (Lerner Enterprises). The 23.5-acre shopping center first opened in 1999U.S.
East Brunswick Redevelopment Zone
New Jersey
Slated for new construction including apartments, a hotel, a skating rink, small businesses, a transportation center, and public recreation areas. The zone lies on Route 18 South between Eggers Street and Ferris Street. U.S.
Eastland Mall
Charlotte, North Carolina
Crosland Southeast2020/11/08Major redevelopment plans for this 69-acre site are new in place for what was once the largest mall in the state. The city demolished the mall in late 2013, following its shuttering in 2010.
Originally opened in 1975, a Faison Enterprises development.
U.S.
Edmonton Green Mall
62 The Market Square
Edmonton (North London)
Crosstree2020/11/2415-year phased redevelopment is planned, featuring homes and retail-entertainment tenants. First opened as a 495,000 SF mall, in 1967.U.K.
Elephant and Castle
London, U.K.
Delancey2020/09/16The shopping center set to close at the end September 2020, as part of a massive development in the area. The mall will be demolished to make way for mega $3.9 billion area redevelopment (regeneration) that will include an open-air town center.U.K.
Fair Oaks MallTaubman2020/09/22Taubman is working towards an amendment to the county’s Comprehensive Plan, to allow a transition of this typical suburban mall to a mixed-use development. Opened in 1982.U.S.
Fifth Avenue Mall - Adjacent
Anchorage, Alaska
Anchorage Community Development Authority2020/10/12The ACDA is acquiring the J.C. Penney parking garage in downtown Anchorage, and J.C. Penney’s majority stake a building that had been occupied by Nordstrom.U.S.
Fox Valley Mall
195 Fox Valley Center Drive, Aurora, Illinois
Centennial Real Estate2020/11/21The vacant Sears store could be razed in early 2021 to allow for a three-building apartment development.U.S.
Gallatin Valley Mall
Bozeman, Montana
Grossman Development Group, LLC in partnership with mall owner.2020/11/09Redevelopment is underway, with Phase 1 including a Whole Foods store. Coming phases will convert the mall to more of a "main street" and lifestyle experience with entertainment. The mall first opened in 1980.U.S.
Galleria Corporate Center
4343 North Scottsdale Road, Scottsdale, Arizona
Stockdale Capital Partners2020/11/13A 500,000 SF tech company office hub. An adaptive re-use of the former Scottsdale Galleria (first opened in 1991), acquired by Stockdale in 2013.U,S.
Galleria on the Park
Toronto, Canada
ELAD Canada2020/09/23A new name for what was Galleria Shopping Centre (1972), already under redevelopment and will open in phases over next years.Canada
Golf Mill Shopping Center
Illinois
Sterling OrganizationRedevelopment concept includes open-air plazas, restaurants, entertainment, multi-family residential development, hotels, medical office, and recreational uses.U.S.
Heartland Mall
300 Early Blvd,, Early, Texas
2020/10/12First opened in 1980.U.S.
Horton Plaza
San Diego, California
Stockdale Capital Partners2020/09/12Redevelopment for the well-known 10-acre city center mall. Life sciences are a key target industry, looking to compete here with San Diego's UC San Diego adjacent life sciences cluster. The mall initially opened in 1985.U.S.
IKEA at 6X6 Building
945 Market Street, San Francisco, California
Ingka Centres2020/09/15Scheduled to open fall 2021. To be anchored by IKEA. Ingka Centres' second mixed-use project in a downtown location, following the company's acquisition of Kings Mall in London's Hammersmith earlier this year. U.S.
Independence Mall
Wilmington, North Carolina
Brookfield Properties Retail Group2020/11/10The Lidl at Independence Mall is part of a redevelopment of the former Sears site and Sears wing at the shopping center. Five Below and Dick's Sporting Goods have also opened in the new, exterior-facing portion of the mall.
The Sears wing of the mall was demolished in 2019, to make way for redevelopment.
The mall first opened in 1979.
U.S.
Indian Mall
Jonesboro, Arkansas
Southern Hills Real Estate LLCUnder redevelopment.
First opened in 1968. The Mall at Turtle Creek contributed to the deterioration of this mall.
U.S.
Indian Springs Mall
Missouri
Commissioners for the Unified Government turned the old property into an “opportunity zone.” U.S.
Jacksonville LandingThe Cordish Companies2020/11/20Lot J development is proposed. Demolished by the city.
The shopping center first opened in 1987, a festival marketplace by The Rouse Company.
U.S.
Johnsonville Shopping Centre
66 Johnsonville Road, Johnsonville, Wellington
www.johnsonvilleshoppingcentre.co.nz
Stride Property,2020/11/10Plans envisioned for a mixed-use revamp of the center.New Zealand
Kingsdale Shopping Center
City of Upper Arlington, Ohio
Continental Real Estate Companies2020/10/06On the site of a former Macy's department store, plans call for a six-story senior housing facility, a seven-story apartment building and a nine-story mixed-use building featuring residential and office space.U.S.
Lakeforest Mall
Gaithersburg
WRS Realty2020/11/12Redevelopment plan envisions call 500 to 600 townhouses, 120 to 150 condominiums, and 175 to 250 apartments, along with 400,000 to 500,000 SF of retail, along with suitable parking. The 102-acre mall property now includes 1.1 million SF of retail and 7,000 parking spaces. Originally built by Taubman Co., the mall initially opened in 1978.U.S.
Liberty Crossing mall
4321 N. I-35, Gainesville, Texas
2020/11/1142 acre outlet mall offered as a redevelopment opportunity.U.S.
Marketplace at Factoria
Bellevue, Washington
Kimco Realty Corp.2020/11/09The 526,000 SF existing mall will re re-purposed to mixed-use with two office buildings totaling 175,000 SF, 685 apartment units, a 150-room hotel, and additional retail space.U.S.
Merle Hay Mall
3800 Merle Hay Rd., Des Moines, Iowa
Merle Hay Mall Limited PartnershipThe former Sears store at Merle Hay Mall will be demolished. The 1,060,000 SF mall first opened in 1959.U.S.
Metcalf South Shopping Center
Missouri
The mall failed and was shuttered. A Lowe's opened in 2018 at the space that was once anchored by Macy's. Metcalf South had first opened in 1967, U.S.
Metro North Crossing
Kansas City, Missouri
2020/10/13The former Metro North Mall (896,874 SF) is under redevelopment, to include housing, office, and retail. One area of the former mall has been replaced by T-Shotz, a golf entertainment complex with 66 climate-controlled hitting bays on three levels, along with restaurant and event space. The former mall had opened in 1976.U.S.
Military Circle Mall
Norfolk, Virginia
City of Norfolk2020/09/29The City is seeking a developer to undertake a mixed-use transformation of this mall. The city of Norfolk paid $13.4 million in June 2020 for the 73 acres that include the mall and a long-vacant DoubleTree hotel tower next door.U.S.
Moorestown Mall
00 NJ-38, Moorestown, New Jersey
PREIT2020/11/24Housing, a hotel project and a town-center complex are envisioned on parts of the existing mall property. Macy’s, Lord & Taylor’s and Sears anchor stores have shuttered in recent years. The mall first opened in 1963.U.S.
Moorestown Mall
Moorestown, New Jersey
Pennsylvania Real Estate Investment Trust2020/10/1283-acre mall. The township planning board has advanced an effort that could lead to the Moorestown Mall being declared an area in need of redevelopment. The mall owner desires to demolish the former Lord & Taylor store, for housing development. First opened in 1963.U.S.
Northland Center
Southfield
Contour Companies (Bloomfield)2020/11/15New owner plans to convert the mall to a mixed-use destination, in two phases. A food hall similar to Ponce City Market (Atlanta), dubbed Hudson City Market, will anchor the repurposed project.
The Southfield City Council agreed to sell the defunct mall to Contour Companies for $11 million, after rejecting numerous prior offers.
U.S.
Oak View Mall
Omaha, Nebraska
Nuveen, LLC2020/10/28Current owner Nuveen is reported to have this mall offered for sale. An 860,000 SF shopping center, originally opened in 1991.U.S.
Oakridge Centre
Vancouver, British Columbia
QuadReal Property GroupThere will be about one million SF of new retail space, including 750,000 SF of new-enclosed shopping as well as 250,000 SF of pedestrian-friendly outdoor shopping. The redevelopment will include two large anchor tenants — a new grocery store operated by Empire Company with either the return of Safeway or the introduction of the Sobeys brands, and a brand new 140,000 SF HBC department store.Canada
Paradise Valley Mall
Phoenix, Arizona
Macerich and RED Development2020/11/20Paradise Valley Mall was built in 1979 and expanded in 1990. Macerich acquired the mall, along with other malls in the area, from Westcor in 2002.U.S.
Park Place
5870 E. Broadway, Tucson, Arizona
www.parkplacemall.com
Brookfield Properties Retail Inc. 2020/11/02Round 1 moved into 44,000 SF of the former 104,000 SF Sears store at Park Place, filling the space spread over two floorsU.S.
Paseo Nuevo
Santa Barbara, California
Paseo Nuevo Owners LLC2020/09/21The Santa Barbara Planning Commission rejected an updated development agreement between the mall and the City of Santa Barbara. At stake in making the deal is the nature of retail and public activity at the mall going forward.U.S.
Pembroke Lakes Mall
Pembroke Pines, Florida
Brookfield PropertiesFormer Sears dept. store will be converted to a Round One Entertainment Center.U.S.
Pinecrest in Orange
Ohio
Square Mile Capital Management 2020/11/01A 58 acre, 750,000 SF complex, originally developed by Fairmount Properties and DiGeronimo Companies. The shopping center first opened in 2018.U.S.
Plano Market Square Mall
Spring Creek Parkway
Triten Real Estate Partners2020/11/14The new owner seeks to retain some retain but convert the location to a mixed-use facility. The single-level 300,000 SF shopping center was originally built in 1980.U.S.
Regency Mall
Augusta, Georgia
Cardinal Management LLC2020/11/0180 acre property, former shopping mall now being demolished. The first mall opened in 1978.U.S.
Shops at Sunset Place
Federal Realty Investment Trust2020/11/11Federal Realty has announced that it will likely not continue as owner, nor initiate redevelopment as once envisioned. The mall first opened in 1999.U.S.
Shops at Worthington Place
Worthington, Ohio
Direct Retail PartnersOwners propose demolishing much of the mall to allow for office development.U.S.
Southridge
Greendale, Wisconsin
Simon Property Group2020/11/20The Village of Greendale has started the process of possibly buying Southridge Mall's former Boston Store building. The Boston Store building has been vacant since 2018 when the department store chain's corporate parent, Bon-Ton Stores Inc., was liquidated. U.S.
The District
North Outer 40 Road, Chesterfield, Missouri
The Staenberg Group2018/05/01Slated to open in 2021.
Redevelopment of Taubman Prestige Outlets that will feature music venue The Factory, indoor entertainment venue Main Event, pickleball courts, and additional venues.
U.S.
Towne Mall Galleria
3461 Towne Blvd, Middletown
George Ragheb and the Warren County Port Authority2020/11/2131 acres. Ragheb purchased the mall in 2012 from former owner CBL & Associates Properties. U.S.
Tucson Mall
4500 N. Oracle Road, Tucson, Arizona
Brookfield Properties Retail Inc. 2020/11/02Southern Arizona Arts & Cultural Alliance has created a multi-use arts and makers space that encourages collaborative arts from photography to robotics. U.S.
Uptown Harbour
North Miami Beach, Florida
Dezer Development 2020/10/22Proposed mixed-use redevelopment of Intracoastal Mall. As envisioned by the developer, the re-use of the site would include 3,000 condos and apartments, 575,000 SF of office and retail space, and a 100-foot-wide canal to the outdoor mall site at 3861 NE 163rd St., on the Sunny Isles Causeway.U.S.
Westfield Citrus Park
Tampa, Florida
PrimeTime Amusements2020/11/11A family entertainment center is proposed for the re-use of a defunct 125,000 SF Sears department store.U.S.
Westfield Valley Fair
Santa Clara, California
Westfield Corp.2020/09/15With a $1.1 billion expansion, the mall is now home to a 3-level Bloomingdale's flagship store, exhibitions from the San Jose Museum of Art, and new outdoor spaces.U.S.
Westmont Shopping Center
Arlington, Virginia
Republic Land Development (Westmont Properties, L.C. )2020/11/12The strip mall, at Columbia Pike and S. Glebe Road, is set to be demolished and replaced with a six-story mixed use building with 250 housing units and 22,500 SF of retail space. U.S.
WestShore Plaza
Tampa Bay, Florida
Washington Prime Group Inc.2020/10/06Plans to re-purpose a vacant Sears store and adjacent parking lot. WestShore Plaza is an enclosed suburban-style shopping mall.U.S.

Mall Repurposing and Redevelopment