PREIT Has Big Plans for Plymouth Meeting Mall's Shuttering Macy's | NBC 10 Philadelphia
Montgomery County News

Montgomery County News

News and information from across the county

PREIT Has Big Plans for Plymouth Meeting Mall's Shuttering Macy's

    processing...

    NEWSLETTERS

    Local malls are scrambling to find replacements after losing department stores like Macy’s. NBC10’s Randy Gyllenhaal shows us how malls are getting creative in their makeovers. (Published Tuesday, Jan. 10, 2017)

    The owner of the Plymouth Meeting Mall is using the impending closure of the Macy's department store as an opportunity to "enhance the shopper experience" and further the suburban shopping center's reinvention as a lifestyle destination.

    The Pennsylvania Real Estate Investment Trust CEO Joseph Coradino took a positive spin on t he shuttering Macy's, telling Philly.com the retail space's future tenant will continue the suburban "mall's transformation into a lifestyle destination" and referenced organic supermarket chain Whole Foods as an example.

    Coradino explained to Philly.com that Whole Foods-like doesn't necessarily mean a supermarket with take out eateries will occupy the space.

    “Rather, it would be like Whole Foods [in that it supports] the mall as a lifestyle destination."

    To read the full article, click here.


    For more business news, visit Philadelphia Business Journal.