MetroNational built the 1.3-million sf mall in 1966, developinga strong performer for the west Houston retail market.MetroNational expects to sign at least two more new anchor stores.In addition, there will be a new 1,000-seat food court, carousel,ice skating rink, several new restaurants and a movie theater. Anew heavily landscaped entrance to the mall will be built and theexterior will get a complete facelift and decorative lighting.

The mall's existing anchor stores, Sears, Wards, Mervyn's andFoley's will remain, although Foley's will move into a new locationon the property. The new Foley's, set to open in November 2001,will be one of the largest in the 59-store Foley's chain, owned byMay Department Stores.

The Memorial City Mall is situated on a 100-acre site at thecorner of Gessner Road and Interstate 10. Adjacent to the mall,MetroNational has developed a significant amount of commercialspace, including more than one million sf of office space, anapartment complex and seniors housing project, The Terrace atMemorial City."General Growth Properties leases and manages theMemorial City Mall.