Springfield Town Center's Big Opening

Springfield Town Center (which we've written about several times over the last few months) officially opened Friday and saw throngs of shoppers, traffic swirling around the block, and barely an empty parking space throughout the weekend. (We snapped the frenzy Sunday afternoon, during the ‘Skins game.) It opened at 81% occupancy, including anchors, and over 80% of non-anchor space had tenant commitments. Nearly 50k SF of additional stores will open before the holidays. Once known as Springfield Mall, Vornado spent $250M redeveloping 1.3M SF of retail and restaurants and transformed a nearly abandoned, crime-ridden mall into a town center with retailers like Michael Kors and Topshop and restaurants like Maggiano’s and Yard House. The project was sold to PREIT for $465M.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

Furniture Outlet The Dump Is Getting Dumped In Atlanta

Simon Approaching End Of The Road With Struggling Suburban Boston Mall

Chipotle Adding Hundreds Of New Locations Worldwide

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Stockdale Capital Partners, Hamilton Lane Acquire Chino Hills Shopping Center For $157M

Bucks County Mall Closing As Owners Prepare Redevelopment Plans

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Northern Virginia Office Tower Sells For Double Its 2024 Price

Design Plans Revealed For RFK Stadium Parking Garages, Headed To Review

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet