A federal jury ruled in favor of Lord & Taylor this past summer and ordered mall owners Lerner Enterprises and Tower Cos to pay the retailer $31M. Both parties in the suit have subsequently appealed the ruling, with Lord & Taylor seeking a greater award and the mall owners worrying that the judgment will impact redevelopment plans, reports Greater Greater Washington.
The Lord & Taylor store is actually now separated from the mall, and, as you can see from the photos, that’s not the only changes that have taken place at the 1970s-era structure. Deconstruction is well underway and expected to be completed sometime this winter. This will definitely be a conversation topic at Bisnow's Montgomery County State of the Market in February.
The redevelopment of Montgomery County’s White Flint Mall has been held up by a lawsuit and subsequent appeals, but the structure itself is almost completely gone.
Developer Lerner Enterprises has long-standing plans to transform the mall into a new urban neighborhood, complete with shops, housing and a new street grid. The plans have been held up due to a lawsuit filed last year by department store Lord & Taylor, which claimed that the redevelopment plans violated a promise from Lerner to keep the mall a mall. [GGW]
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