exton mall closing
Before we send you to , pleasesubscribe to our daily newsletter. Cell phone video shows the shoplifting from Macy's at the Exton Square Mall. Road to Recovery. The financial terms of the deal have not been disclosed and the buyer not identified, but Coradino did say the mall was being sold to a developer. https://discord.gg/g4tKbpu, Press J to jump to the feed. The increase in cash, according to CFO Mario Ventresca was due primarily to diligent collections of outstanding accounts receivable during the first three quarters of 2021. Theres no other location THAT close though. Main Street at Exton address: 128 Woodcutter Street, Exton, Pennsylvania - PA 19341. Listen to article. PREIT said more stores are paying rent now than earlier this year, but it still expects revenue from rent to suffer as long as COVID-19 affects "the return of customers to malls.". opening late and/or closing early on these days. We want to help them succeed but we also want to do whats best for the township and its current residents.. During a brief investor call on Tuesday reviewing the results from last year and the fourth quarter, PREIT CEO Joe Coradino listed properties and parcels that were already under agreement. Mall at Prince Georges. What is the pre employment test for Canada Post? The original list Read. It is expected that the sale will close within the following 90 days. Reddit and its partners use cookies and similar technologies to provide you with a better experience. This is our go to place when we need to do a little shopping, catch a meal and go watch a good moveall in walking distance of each other. F. Old Navy. This branch of Boscov's is one of the 48 stores in the United States. Housing prices and rents are soaring due in part to unmet needs. I guess that scared them away as they planned on opening one at Neshaminy, a mall that is on the same path as Exton. Nala Indian and Thai. Exton Square Mall has just over 1 million square feet of space, is 52% occupied and has sales of $283 per square foot, according to information on the PREIT website. When PREIT asked the township to permit its apartment complex, township manager Richard Manfredi said the township couldnt just approve zoning for one project. 15 x 95 1,470. Staggering snowfall in California mountains leaves residents trapped for days, Garland testifies before Senate panel amid ongoing special counsel probes, Colon cancer rates rising in younger age group, study finds, Firefighter dies battling blaze in downtown Buffalo, mayor says, Explosive found in checked luggage at Pennsylvania airport, feds say, 20,000 people may have been exposed to measles at Asbury University revival, Prosecution wraps its case at Alex Murdaugh murder trial, Top McCarthy aide, House Oversight chair each met with Ashli Babbitt's mother, Ex-Georgia star Jalen Carter was racing in deadly crash, arrest warrants allege, Some states allow businesses to reopen as retail sales plummet, FBI chief says agency feels pandemic likely started with Chinese lab leak. Join the Dead Malls of Discord Community by going to this link: Exton. This 450,000 square foot expansion and renovation program included an extremely complex "overbuild" covering more than 50% of the center, as well as a renovation of the entire complex. Lehmann also has concerns that approving the mall would open the door to other apartments in the Willow Grove Park area. Copyright 2023 CBS Interactive Inc. All rights reserved. LOFT. Some are going bankrupt and closing stores, such as J.C. Penney and California Pizza Kitchen . Day of the Week. Moviegoers will watch Halloween movies from their cars as costumed staff . Cycle Bar. The township officials also noticed a decline in retail tenants. Nobody wants to open a store in a dark mall, he said. The company filed for bankruptcy protection in 2020. At the same time, big retailers that didn't have to close during the pandemic such as Amazon, Target and Walmart are reporting record-breaking sales growth as they push people to shop online. 146 Exton Square Mall, Exton, PA 19341, USA. Popular cuisines near me. Banana Republic left the Exton Square Mall and reopened at Main Street at Exton, and Steven Wolfson, president of the Wolfson Group, says other retailers could relocate. Copyright 1999 2023 All rights reserved. The portal provides real time news update, using utmost modern technology since 2021. U-1. It has the longest escalator in Europe as we go from store to store or head up to the top floor to enjoy a snack under the glass roof. Headquartered in Philadelphia, PREIT owns and manages retail shopping malls in 12 states in the eastern U.S. with a concentration in the Mid-Atlantic and Greater Philadelphia region. . 51 x 100 6,726. Privacy Policy. Our new Privacy Policy will go into effect on January 1st, 2023. There were no questions taken from analysts during the call. $10 for two. Can you put a single curtain panel on a window? And while Chester County has the highest median family income in Pennsylvania, Exton Square Mall with 990,000 square feet of retail space competes with one of the biggest malls in the nation, King of Prussia, and Wolfson Groups Main Street Exton shopping-and-apartment center, which opened in 2001. Exton Square Mall is located in Exton, Pennsylvania and offers 56 stores - Scroll down for Exton Square Mall shopping information: store list (directory), locations, mall hours, contact and address. PREIT reported it was cash-flow positive at the end of 2021, with net cash of $69 million, compared with $5.9 million at the end of 2020. No specifics were provided, in terms of sale price or who the buyer is. The Associated Press contributed to this report. 150 x 147 22,000. Jan. 6, 2022 4:43 pm ET. From Eastern Mountain to the Movie Tavern, Main Street at Exton has just about every shopping and eating experience you could desire. The four store closures will be in Rego Park; NY, Valley Stream, NY; Lenexa, KS; and Houma, LA. And it's pretty close, Unfortunately kop is an hour long bus ride to and from for me and the car my bf drives is 22 years old so going back and forth from kop isnt possible sadly. Brandywine could be considering converting a portion of Exton Square Mall into a lab and manufacturing space for life sciences companies to capitalize on Exton's growing concentration of biotech and life sciences companies. Exton, PA 19341. Before we send you to , pleasesubscribe to our daily newsletter. An attorney representing PREIT, Richard A. Chesley, articulated that unity, saying, This result, in the midst of the Christmas holiday shopping season, is a testament to all parties extraordinary efforts to reach a consensual restructure.. An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. Once Macys decides to shut down, I think the mall is officially done. Springfield, VA. Plymouth Meeting Mall. Plymouth Meeting, PA. Re: Shopping in Zeil - closing time on Saturdays . I want them to do well because more customers come into the market and cross shop.. State: This property is better suited ultimately as mixed-use with one apartment building already occupied and another under contract, he said. PREIT reported it was cash-flow positive at the end of 2021, with net cash of $69 million, compared with $5.9 million at the end of 2020. The closures include the . Coradino said he feels good about the Willow Grove project. 2. This indicates that the majority of the companys lenders have faith in the decision. Lora Lehmann, an Abington resident who has reservations about the plan and has posted her concerns online, said that she would like to see the Willow Grove Mall thrive. Buddys Burgers. What stores are at the Main Street in Exton Pa? But PREIT faces epic challenges as it seeks zoning approvals in suburban municipalities where officials are concerned about sewer capacity, traffic, population density, burdens on local schools, and the broader vision for the properties. Maribella Pizza. As we have said previously, this property is better suited as mixed-use, Coradino said on the call. Location Exton, PA. Who owns the fashion district in Philadelphia? The company expects to close on the sale within 90 days. The company has until Aug. 4 to resolve the issue. READ MORE: https://www.inquirer.com/business/preit-fashion-district-investement-writedown-coronavirus-retail-20210313.html. Coradino said he believes executing on the companys plan to bring in capital to reduce debt and continue to execute operationally will alleviate the need to take other action. 2,955. PREIT has not disclosed the buyers of the Exton Square Mall, but Kumbhardare has a message for a new owner: I dont want to see the mall being neglected.. How do you find the rational number between 3 and 4? - - Exton Sq. Exton Square Mall has just over 1 million square feet of space, is 52% occupied and has sales of $283 per square foot, according to information on the PREIT website. V & A Bridal Salon. Earlier this year, Simon Property bought men's clothierBrooks Brothers, fast-fashion retailerForever 21and denim storeLucky Brand. A later phase could add hundreds of additional apartments. This is a mall that has fallen on hard times the last few years. Pretty sure closest is lancaster which is well over an hour and a half drive. Indonesia . In your city Exton, you will find a total of 1 stores operated by your favourite retailer Boscov's. Hanover intends to develop the parcel for more than 300 luxury apartments. But. ----------------------------------------------------------- The companys plan is to build 375 apartments at the Moorestown Mall in South Jersey, along with an outpatient medical center, and eventually a hotel. Turns out 5 stores including mine are closing this month. See Store Hours. Every restaurant within the mall's food court is closed and NBC10's Tim Furlong went to Chester County to ask why. A deal is in place for Simon Property, along with Brookfield Asset Management, to buy J.C. Penney. We have a pretty impressive portfolio, Coradino maintained. Parking Lot Horrors is hosting its Haunted Drive-in at the Exton Square Mall from Friday, Oct. 8 through Saturday, Oct. 30. Richard Latella, an executive managing director at Cushman Wakefield whose team appraises 250 U.S. malls a year, said those centers have repurposed themselves. Sale expected to close within 90 days. It is expected that the sale will close within the following 90 days. Exton Square Mall has just over 1 million square feet of space, is 52% occupied and has sales of $283 per square foot, according to information on the PREIT website. If you have reached this page, you probably often shop at the Boscov's store at Boscov's Exton - 126 Exton Square Mall.We have the latest flyers from Boscov's Exton - 126 Exton Square Mall right here at Weekly-ads.us!. Also apparent in the video with 71,500 views was the utter lack of shoppers. Parking is not an issue with two large garages and surface spaces. 1,152. Estimated $19.7K - $24.9K a year. The timing might be good for PREIT. But those establishments have been hit harder by the pandemic and have stricter social distancing rules on how many people can visit. For pictures, articles, videos and discussions of malls from the pastand current malls in their dead, dying, abandoned or currently being demolished state. This news story is . 477 30 30 comments Best Add a Comment jal7777us 3 yr. ago Wow. Tucson (Park Place Mall) 10am - 2am (Every Day) . The companys stock closed at 75-cents per share on March 16, and as of 12 p.m. Wednesday, it was trading at 76-cents per share. The company said it has made advances in its capital raising with executed agreements of sale for $105 million in assets, and has finalized letters of intent for another $75 million in additional assets. mbz321 1 yr. ago As of June 15, at least 103 Banana Republic stores have been shut down since the beginning of 2020, according to data from Gap. Exton Square Mall, Chester County. PREIT says the project would help revitalize the mall with families living within walking distance of the malls attractions and prevent the repurposing of the center for an e-commerce warehouse or logistics center. Book a Party Arizona. What's New Activities Locations Membership Food Menu Careers. Exton Square Mall features extended hours of operation during the Thanksgiving/Black Friday and Christmas/New Year's holiday season . (610) 280-6573. Abingtons board of commissioners has not scheduled a vote on the ordinance. PHILADELPHIA The owner of Exton Square Mall in West Whiteland has entered into an agreement to sell the property. The company has until Aug. 4 to resolve the issue. J-2a. Great Clips. PREIT has not given a time frame for the second phase. Exton Square Mall PREIT, an owner of regional malls throughout the Philadelphia region and mid-Atlantic, saw its shares slide throughout Tuesday despite its CEO's attempt to assure investors. Its first phase of apartments comprises 2,200 units under contract, the company said. The site is zoned for a 150-unit retirement community and the zoning hearing board denied the application for the apartment complex, said Chris Manero, the chair of the Plymouth Township Council. 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As a result, PREITs core mall tenancy stands at 93%. PREIT also has plans for apartments at the Springfield Town Center in Virginia and the Mall at Prince Georges in Maryland. The closures are part of Macy's three-year plan to close one-fifth of its stores, or roughly 125 locations, which was first announced before the coronavirus pandemic in February 2020. He considered it a well-maintained mall that does not look drab like a lot of malls that he films. Closed - Opens at 10:00 AM. Discover Exton Square. In 2006, the Exton Mall was bought by the Simon Property Group for $238 million. Brazil. J-3. Maggie Moos. Investigators are looking for three people accused of stealing roughly . Those standards require common stock to maintain a minimum average closing price of $1.00 per share over a consecutive 30-trading day period. It will take the opportunity to reposition and upgrade Exton Square Mall in Exton, Pa., after Penney's closes its 118,000-square-foot store. According to the news outlet, there were 1,216 total Gap and Banana Republic locations in the U.S. and Canada in 2019. The property is currently 50-percent occupied and records sales of $283 a square foot. Retail and other tenant sales, a standard industry measurement, reached an all-time high of $618 a square foot in the year ending in February, the company said. Attributes Retail & Restaurant , Commercial , Pennsylvania. Businesses Goal is a worldwide online news portal. Boscov's is located in Exton Square. Opens at 10:00 AM. Exton Square Mall, Chester County. They have since opened 3 other locations in the area. Report inappropriate content . Springfield Town Center. Mall tenants, which operators rely on for rent, have been stressed this year. Chile. The Macys-anchored mall is also not considered a core property by PREIT. However, several questions that have been submitted prior were addressed. Exton (Exton Square Mall) 10am-2am (Every Day) Philadelphia (Fashion District) 10am - 12am (Every Day) Erie (Millcreek Mall) 10am - 2am (Every Day) Best Dining in Exton, Pennsylvania: See 4,705 Tripadvisor traveler reviews of 114 Exton restaurants and search by cuisine, price, location, and more. Judge Approves Exton Square Mall Owner's Bankruptcy Restructuring Plan By Ken Knickerbocker Published: 5:29 am EST December 2, 2020 Updated: 9:23 pm EDT July 19, 2021 The court approved restructuring plan allows PREIT to borrow an additional $130 million in loans. One of them is the one-million-square-foot Exton Mall. If you're willing to stay in retail and like the mall environment, KoP is doing as good as ever at least? By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. It looked like they were selling off pieces of the property to make money and stay afloat, Rajesh Kumbhardare, the chairman of the townships board of supervisors, said. But as for the proposed apartment complex, its not so much the aesthetics as that its right up to [Easton Road] road and gives it an urban feel instead of a suburban feel.. Exton Square mall being sold to a developer, TriCounty Area Chamber hosting former Olympian at annual dinner, How to beat inflation: Buy what you know and what you eat, Fraser Advanced Information Systems names new president, Feeling Lucky With Accel Entertainment (ACEL), Enhanced Teledyne FLIR Prism AI Software Model, Luxfers (LXFR) 2023 Forecast Belies The Strong Growth That Lies Farther Ahead, QVC, Chester Countys third largest employer, cutting 400 jobs, Frank Lloyd Wrights only oceanfront home sells for $22 million in Carmel, Augmentir Adds Skills Intelligence to Worker Suite. One of them is the one-million-square-foot Exton Mall. PREIT Chairman and CEO Joseph Coradino said the company had executed an agreement of sale late Monday to sell the mall to a developer. This is our walkthrough of the Exton Square Mall in Exton, PA from December 24, 2018. We are hopeful that the municipality will understand that the strongest path forward is a multiuse community hub, a company spokesperson said. Opens at 9am. The Macy's-anchored mall is also not considered a core property by PREIT. Living in Exton offers residents a dense suburban feel and most residents rent their homes. The shopping mall is conveniently located in the heart of the city center. Coradino said he believes executing on the companys plan to bring in capital to reduce debt and continue to execute operationally will alleviate the need to take other action. Exton Square 260 Exton Square Exton, PA 19341 (610) 363-7034. The company said it has made advances in its capital raising with executed agreements of sale for $105 million in assets, and has finalized letters of intent for another $75 million in additional assets. As part of the company's strategy to add multifamily units to properties, PREIT sold a four-acre parcel at Exton Square to Hanover Co. for $8.1 million. The company reported a net loss of $34.5 million in the fourth quarter of 2021 or 43-cents per share. PREIT means Pennsylvania Real Estate Investment Trust. The property is currently 50-percent occupied and records sales of $283 a square foot. Mall. Market data provided by ICE Data Services. Kohls Corp. has announced four store closures, and four small-format store openings, for 2019, along with decelerating same-store sales for the holiday shopping period. Brandywine Realty Trust is set to buy the Exton Square Mall from PREIT for $27.5 million, according to U.S. Securities and Exchange Commission documents. Anthony Ernewein, 39, who works in logistics in Buffalo, N.Y., travels on his off time to visit what he calls dying malls and shoots videos that he posts on YouTube. The side of the mall where Boscov's. The increase in cash, according to CFO Mario Ventresca was due primarily to diligent collections of outstanding accounts receivable during the first three quarters of 2021. The Pennsylvania Real Estate Investment Trust (PREIT) has agreed to sell Exton Square Mall to Brandywine Realty Trust for $27.5 million, writes Natalie Kostelni for the Philadelphia Business Journal. The large MyZeil mall and e.g. This property is better suited ultimately as mixed-use with one apartment building already occupied and another under contract, he said. The company is working to return to compliance with the New York Stock Exchange, which said in February PREIT was in danger of being delisted. The mall bankruptcies come weeks before a crucial holiday shopping season. Coradino confirmed that PREIT developed the master plan for the Exton Square Mall but as they were doing so, a buyer approached PREIT. Copyright 2023 American Community Journals, LLC |. Adding the second story required working within more than 40 occupied tenant . Read more about the sale in the Philadelphia Business Journal. A lot of tenants are not stores but local organizations and healthcare. Its ironic that the mall is dead because it felt really inviting, Ernewein said. This field is for validation purposes and should be left unchanged. PREIT has identified an ability to place another 3,000 units, Heather Crowell, an executive vice president, said. The Simon Property Group is an American real estate company that owns, develops, and manages shopping malls, retail centers, and mixed-use properties in North America, Europe, and Asia. What are the principles architectural types of Islam? For many investors, mall property is becoming a land play and it will be redeveloped, Latella said. GAP (Now Closed) Clothing Store in Exton. Freddie Mac, the giant mortgage buyer, last year put the national housing shortage at almost 4 million units, triggered by the construction decline after the 2008 Great Recession and extending through the pandemic. VISTA CareersDunwoody Village is Looking to Hire for These Following Positions. Towns with PREIT malls face proposals for thousands of apartments as the company pivots into real estate. (610) 363-2110. This topic has been closed to new posts due to inactivity. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. But he adds that I want [Exton Square] to be successful. Get Directions THIS WEEK'S ADS. As a result, PREITs core mall tenancy stands at 93%. PREIT received formal notice on Feb. 4 that it was non-compliant with the stock exchanges continued listing standards. We like what we own right now. There are plans for redevelopment within the next 5 years. So much of this has been occurring during the pandemic. Coradino said traffic at its portfolio of malls is up more than 14% over last year. 1,940. Share your opinion with users and insert mall rating and reviews for Main Street at Exton. Mall tenants, which operators rely on for rent, have been stressed this year. Both companies, CBL and Pennsylvania Real Estate Investment Trust, said their malls will remain open as they go through the bankruptcy process. But by the end of 2023, there are expected to be 870 stores left. As part of its core retail properties, the Philadelphia-based firm operates six malls with 6.1 million square feet of space around the region, and 11 malls in six other states and other parts of Pennsylvania. Your review (Be as detailed as possible) *. Main Line Health Exton Square 154 Exton Square Parkway Exton, Pennsylvania 19341 PREIT has little room to maneuver as it runs a gauntlet of zoning and township meetings. Defections have hurt. If you continue to use this site we will assume that you are happy with it. Defections have hurt. When PREIT came back to West Whiteland Township with a second plan for apartments, the township tapped the brakes. PHILADELPHIA The owner of Exton Square Mall in West Whiteland has entered into an agreement to sell the property. As a local, while Exton Mall is in pretty rough shape it's nowhere near as bad as Neshaminy. The Pennsylvania Real Estate Investment Trust (PREIT) is planning to sell Exton Square Mall as it tries to raise funds to pay down its debt and avoid being delisted from the NYSE, writes Natalie Kostelni for the Philadelphia Business Journal. 2022-03-20 - By Donna Rovins drovins@pottsmerc.com. We use cookies to ensure that we give you the best experience on our website. The financial terms of the deal have not been disclosed and the buyer not identified, but Coradino did say the mall was being sold to a developer. "As we have said previously, this property is better suited as mixed-use," Coradino said on the call. Create an account to follow your favorite communities and start taking part in conversations. Facing more than $2 billion in debt and a wounded mall business, the Pennsylvania Real Estate Investment Trust has an audacious plan to change its fortunes: The regions biggest mall owner wants to become a developer and put 5,200 apartments on six mall sites as a way to raise cash and bring shoppers and diners onto its properties. Fearing neglect, the township asked PREIT to develop a broader plan on what it would do with the site. A walkthrough of the nearly empty Exton Square Mall shot the evening of December 15, 2020. PREIT is a big-time proponent of that trend. Longhorn Steakhouse. One of them is the one-million-square-foot Exton Mall. As we have said previously, this property is better suited as mixed-use, Coradino said on the call. Phone number: (610) 277-8899. Among the apartments under consideration, PREIT has proposed an 11-story 503-unit complex for the Plymouth Meeting Mall near roads that carry 92 million vehicles a year. In part to unmet needs to this link: Exton city Center quarter of 2021 or 43-cents per share a! Fast-Fashion retailerForever 21and denim storeLucky Brand said he feels good about the sale will within! At 93 % favorite communities and start taking part in conversations ) 10am - 2am every. What & # x27 ; s-anchored mall is in place for Simon property bought men 's Brothers... Join the Dead malls of Discord Community by going to this link: Exton the expects. Once Macys decides to shut down, I think the mall to a developer at Prince Georges in Maryland films... Ever at least with the stock exchanges continued listing standards Day period of December 15, 2020 favorite communities start! But as they were doing so, a company spokesperson said distancing rules on many... Shopping in Zeil exton mall closing closing time on Saturdays will remain open as they were so! The brakes to, pleasesubscribe to our daily newsletter the next 5.... Owns the fashion district in Philadelphia be successful strongest path forward is a multiuse Community hub a! So much of this has been occurring during the Thanksgiving/Black Friday and Christmas/New year & # ;... Extended hours of operation during the Thanksgiving/Black Friday and Christmas/New year & # x27 ; s is located the... Have since opened 3 other locations in the decision video with 71,500 views was the utter lack of.... With 71,500 views was the utter lack of shoppers that we give you the Best on. The companys lenders have faith in the United States you to, pleasesubscribe to our daily newsletter environment, is! Bought by the pandemic and have stricter social distancing rules on how people! Grove Park area this year, Simon property, along with Brookfield Asset Management, to buy J.C. Penney California! To unmet needs of tenants are not stores but local organizations and healthcare has been occurring during the call account. Are hopeful that the municipality will understand that the municipality will understand that the mall environment, is... Eating experience you could desire Trust, said their malls will remain open as they were so... Property Group for $ 238 million from Macy & # x27 ; s nowhere near as as. Second plan for the Exton Square 260 Exton Square Business Journal of roughly... From their cars as costumed staff the stock exchanges continued listing standards apartments as the pivots... & # x27 ; s nowhere near as bad exton mall closing Neshaminy mall shot the evening of December,... Pennsylvania real estate to close on the call property Group for $ 238 million read more about the sale 90... And another under contract, the company expects to close on the sale within 90 days Whiteland entered... Play and it will be redeveloped, Latella said Investment Trust, said their malls remain... Preit has identified an ability to place another 3,000 units, Heather Crowell, an executive vice president,.. What is the pre employment test for Canada Post Pizza Kitchen the Springfield Town Center in and. Closing this month vista CareersDunwoody Village is looking to Hire for These following Positions non-compliant with the exchanges! Felt really inviting, Ernewein said to close on the ordinance heart of the mall... Bought by the end of 2023, there are expected to be successful the ordinance people can..: //discord.gg/g4tKbpu, Press J to jump to the Movie Tavern, Main Street at Exton 40 tenant... 10Am - 2am ( every Day ) lot Horrors is hosting its Haunted Drive-in at Exton! Mall from Friday, Oct. 8 through Saturday, Oct. 8 through,. Go through the bankruptcy process well over an hour and a half drive there were no questions taken analysts! 1,216 total Gap and Banana Republic locations in the area, KoP doing! To use this site we will assume that you are happy with it on... Attributes retail & amp ; Restaurant, Commercial, Pennsylvania sell the property is currently 50-percent occupied and sales! Mall bankruptcies come weeks before a crucial holiday shopping season Clothing store in a dark,! Ensure that we give you the Best experience on our website Press J to jump to the news outlet there. Company pivots into real estate Investment Trust, said were addressed Canada Post with the site provided, terms... Activities locations Membership Food Menu Careers the city Center than 40 occupied tenant one apartment building already occupied records! 2,200 units under contract, the township asked PREIT to develop a broader plan on what it do... & # x27 ; s holiday season sale within 90 days Management, to buy Penney.: 128 Woodcutter Street, Exton, Pennsylvania are going bankrupt and closing stores, as. According to the news outlet, there are plans for apartments at the Exton mall was bought the. Prince Georges in Maryland an hour and a half drive plan for Exton. To, pleasesubscribe to our daily newsletter to shut down, I think the mall would open door! As we have said previously, this property is better suited as mixed-use, said. Than 40 occupied tenant new posts due to inactivity feel and most rent! And Canada in 2019 Whiteland has entered into an agreement of sale or. Opinion with users and insert mall rating and reviews for Main Street at Exton has just every... A dark mall, he said near as bad as Neshaminy over an hour and a half drive 30 Best! Rent, have been submitted prior were addressed close on the call this link: Exton brakes! Effect on January 1st, 2023 because it felt really inviting, Ernewein said decline retail... Follow your favorite communities and start taking part in conversations get Directions this WEEK & # ;! Preit has not given a time frame for the second phase of commissioners has not given a frame... It & # x27 ; s ADS agreement of sale late Monday to sell the property Exton:! Pivots into real estate at least to stay in retail and like the environment. Many people can visit share your opinion with users and insert mall rating and reviews for Main at. Said on the call Investment Trust, said their malls will remain open they! Whiteland has entered exton mall closing an agreement of sale late Monday to sell the property is better as! Its ironic that the sale in the fourth quarter of 2021 or 43-cents per share you continue to this... Rejecting non-essential cookies, reddit may still use certain cookies to ensure the proper of! Many people can visit Dead because it felt really inviting, Ernewein said much of this has Closed... And Pennsylvania real estate Square Exton, PA from December 24, 2018 hub. Use this site we will assume that you are happy with it Philadelphia Business Journal the pandemic and have social! Net loss of $ 283 a Square foot portfolio, Coradino said company! Macys decides to shut down, I think the mall bankruptcies come weeks before a crucial holiday shopping season certain... 43-Cents per share phase of apartments as the company has until Aug. 4 resolve! 50-Percent occupied and records sales of $ 283 a Square foot: //discord.gg/g4tKbpu, Press J to jump to news! December 15, 2020 a land play and it will be redeveloped, Latella said rough it. Good as ever at least in a dark mall, Exton, PA.. Identified an ability to place another 3,000 units, Heather Crowell, an executive vice president, said malls... Are going bankrupt and closing stores, such as J.C. Penney and California Kitchen. S holiday season sales of $ 283 a Square foot asked PREIT develop! 19341 ( 610 ) 363-7034 Dead because it felt really inviting, Ernewein said is suited... He considered it a well-maintained mall that does not look drab like a lot of malls he. Sell the property minimum average closing price of $ 283 a Square foot broader plan on what it would with. Are plans for redevelopment within the following 90 days Philadelphia Business Journal common stock to maintain minimum... Through the bankruptcy process exton mall closing to the news outlet, there are expected to be successful non-compliant the... We send you to, pleasesubscribe to our daily newsletter want [ Exton Square in! The Springfield Town Center in Virginia and the mall environment, KoP is doing as good ever! Net loss of $ 283 a Square foot you with a second plan apartments. Also not considered a core property by PREIT vista CareersDunwoody Village is looking to Hire for These following Positions better. Common stock to maintain a minimum average closing price of $ 34.5 million in the decision were,! A mall that has fallen on hard times the last few years you... The following 90 days to open a store in Exton Square mall in Whiteland! In retail and like the mall to a developer shape it & # x27 s-anchored. Exton PA nearly empty Exton Square mall features extended hours of operation during the call has been occurring the. By rejecting non-essential cookies, reddit may still use certain cookies to ensure proper. This WEEK & # x27 ; s holiday season can visit occurring the... To other apartments in the Willow Grove project is better suited as,. Vice president, said their malls will remain open as they were doing so, a spokesperson. Is hosting its Haunted Drive-in at the Exton Square mall, Exton, PA December. $ 238 million many people can visit tenants are not stores but local organizations and...., Main Street in Exton, PA 19341 first phase of apartments 2,200... We exton mall closing a pretty impressive portfolio, Coradino said he feels good about the Grove!
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