Changing malls
Trolley Square: The $80 million project, which includes the price of the acquisition and renovation by ScanlanKemperBard and Blake Hunt Ventures, includes plans to brighten the interior and create a central indoor courtyard in the main building and add walkways, fountains and fireplaces to the exterior. Phased additions include a 50,000-square-foot building for retail and underground parking. Construction on the first phase the main building is expected to begin in early 2007.
South Towne Center: Owner Macerich Co. plans a 100,000-square-foot lifestyle center at the existing mall's west end, creating a hybrid indoor/outdoor shopping center. The addition will include about 20 retailers and restaurants positioned around a 20,000-square-foot outdoor plaza. When announced, the project was expected to be completed in late summer 2007, but Macerich now says it continues to work securing tenants, and that process will determine when the project proceeds.
Valley Fair Mall: Developer Satterfield Helm announced in May it had secured Costco as an anchor tenant at the redeveloped Valley Fair, which is expected to transform to a lifestyle center. Costco is expected to announce a late-winter groundbreaking for its store.
Fashion Place and Cottonwood malls: Both are owned by General Growth Properties, which said it had no immediate announcements to make regarding either mall but that it continues to evaluate both properties.
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