(For more retail coverage, click GlobeSt.com/RETAIL.)
DENTON, TX-Feldman Mall Properties Inc., with early Aprilpenciled for the closing, is planning to spend $10 million to $20million to reposition the vintage Golden Triangle Mall assoon as the $40-million, off-market deal with Simon Property Groupcrosses the finish line.
"The plans are still very preliminary at this point," CEO LarryFeldman says. But, he tells GlobeSt.com that the parking ratiopresents development options to add to the upside formula formixed-use space at the 2201 S. Interstate 35E property. He says theretooling plan will be patterned after the Colonie Center inAlbany, NY, a 1.3-million-sf project retrofitted with entertainmentvenues and new retail choices for its region.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
