Project Profile: Marlton Crossing
Location: 101 S. Route 73, Marlton, N.J.
Size: 333,255 sq. ft.
Developer: Brixmor Property Group
Major tenants: T.J. Maxx, DSW, HomeGoods, Michaels, Burlington Coat Factory, Five Below
Located in an affluent trade area with a 5-mile average household income of more than $117,000, Marlton Crossing is anchored by a strong mix of national retailers, including Burlington Coat Factory, DSW, HomeGoods and T.J. Maxx. It recently expanded onto adjacent property with a 22,000-sq.-ft. Michaels, which opened in October 2013.
Project Profile: Thornwood Village Center
Location: Thornwood, N.Y., in Westchester County
Size: 20,175 sq. ft.
Developer: DLC Management Corp.
Major tenants: Walgreens
DLC completely redeveloped Thornwood Village Center located at the most prominent intersection in central Westchester County. The project involved the partial demolition and reconstruction of a 40-year-old structure, while keeping all tenants open and operating throughout the construction phase. A 12,422-sq.-ft. Walgreens anchors the center, which serves a population of 89,845 residents within a 5-mile radius. Average annual household income is $177,668.
Project Profile: Moorestown Mall
Location: Moorestown, N.J.
Size: 1,001,000 sq. ft.
Major tenants: Lord & Taylor, Marc Vetri’s Osteria, Jose Garces’ Distrito, Firebirds Wood Fired Grill, Regal Premium Experience Theater, Rizzieri Salon & Spa, Francesca’s Collection (in lease negotiations) and a number of best-of-breed regional retailers
Status: Redevelopment to be completed in 2014
Moorestown Mall is currently in the first year of a strategic redevelopment designed to differentiate the property from nearby Cherry Hill Mall and create a South Jersey destination for high-end dining, entertainment and boutique shopping. Upon completion in 2014, Moorestown Mall will welcome upscale residents of the surrounding suburbs, where average home values are $420,000-plus. In addition, there is more than 13.3 million sq. ft. of office space within 5 miles of the mall, ensuring a large daytime population within the trade area.