Los Angeles - Westfield America Inc. is redeveloping several of its properties across the United States. San Jose, Calif.'s Westfield Shoppingtown Valley Fair is undergoing a $165 million redevelopment. Two new parking structures are already open and a new, 225,000-sq.-ft. Nordstrom is under, with a planned opening of spring 2001. New and reconfigured shops at Valley Fair totaling 320,000 sq. ft. will open in two phases. Phase I will open with Nordstrom. Phase II, the reconfiguration of the existing Nordstrom building into mall shops, is planned for completion in spring 2002.
Westfield Shoppingtown West County in St. Louis recently commenced its $232 million redevelopment. The centers new Famous-Barr flagship is under construction and the existing center has ceased trading and will be demolished this month. Upon its scheduled fall 2002 completion, West County will be more than 1.2 million sq. ft., including the city's only Nordstrom, a flagship Lord & Taylor and a renovated JCPenney.
Also, Woodland Hills, Calif.'s Westfield Shoppingtown Promenade will undergo a $35 million transformation into an entertainment center featuring a redesigned lower level plus five new destination tenants and restaurants. Promenade's second level will be redesigned and remerchandized to complement the new lower level tenants and the existing, highly successful AMC Theatre. Upon completion in spring 2001, the new entertainment venues are expected to establish the center as a leading lifestyle and entertainment destination in the West San Fernando Valley.
Huntsville, Ala. - CBL & Associates Properties, Chattanooga, Tenn. and Colonial Properties Trust, Birmingham, Ala., are joint venture partners in the expansion and redevelopment of Parkway City Mall. By fall 2002, the mall will become a two-level, 650,000-sq.-ft. center called Parkway Place. Redevelopment plans include the demolition of the mall's existing Montgomery Ward and the addition of a 167,000-sq.-ft. Parisian, a 180,000-sq.-ft. Dillard's and 275,000 sq. ft. of new mall shops. CBL will be responsible for management andof Parkway Place, while Colonial Properties Trust will handle leasing. Cleveland-based KA Inc. serves as architect for the project.
Tullytown, Pa. - DLC Management Corp., Tarrytown, N.Y., has announced plans to demolish the existing structures of its recently-acquired, 600,000-sq.-ft. Levittown Mall in suburban Philadelphia. The developer plans to build an all-new, 500,000-sq.-ft. power center in its place. As part of its acquisition, DLC assumed existing mortgage financing for the center that had been previously originated by Lehman Brothers.
Pompano Beach, Fla. - Cypress Plaza Shopping Center is being demolished and redeveloped into a mixed-use project by J.H.Corp., Miami. The underperforming center had recently undergone an unsuccessful incarnation as a 300,000-sq.-ft. yachting center, but market research has indicated that a luxury residential project would fare better. The proposed redevelopment plan features 75,000 to 100,000 sq. ft. of streetscape retail overlooking a town square and lake. The center's residential component will include 360 upscale townhomes as well as a club house, pools, tennis courts and other recreational areas.
Pasadena, Calif. - A 300,000-sq.-ft. open-air lifestyle center is online for Old Pasadena in the coming years. The center will be built on a 3.5 acre in-fill site near the proposed Blue Line Del Mar transit station. Los Angeles-based Pacific Theatres Realty will serve as co-developer of the center while its sister company, Pacific Theatres, will bring its new eight-screen, 1,600-seat cinema concept Arch-Light on as an anchor. Redevelopment plans for the site include a low-rise, two- to three-levelwith open plazas and walkways atop a subterranean parking facility. 125,000 sq. ft. of local and national retailers will be included, as well as 23,000 sq. ft. of restaurants, a 45,000-sq.-ft. live entertainment and cultural venue and a 15,000-sq.-ft. gourmet marketplace.