Wednesday, May 8, 2013
The company released its quarterly earnings report Monday.
Between Jan. 1 and March 31, Vornado Realty Trust spent $8.8 million on the Springfield Mall renovation, which is more than the company has spent on any other projects in its pipeline, according to the Washington Business Journal. The transformation of the Springfield Mall into the Springfield Town Center is expected to cost Vornado $225 million by the middle of 2014. When completed, the new town center will be 1.3 million sq. ft., accessible to about 800,000 people with an estimated household income of more than $117,000 a year and growing, according to the Vornado website. Some features, Springfield and surrounding area residents should expect, include a multi-screen cinema, a new main entrance with valet parking, a health club, 700-seat…
Friday, April 26, 2013
New video gives insight into shopping mall scheduled to be completed by the summer of 2014.
Vornado Realty Trust has provided a preview video of the Springfield Town Center which is expected to be completed by summer 2014. The new video — provided on the Vornado and shopping center Web sites — elaborates on the Springfield area and new features shoppers can expect when the center opens next year. Some features, Springfield and surrounding area residents should expect, include a multi-screen cinema, a new main entrance with valet parking, a health club, 700-seat food court, multiple kids' areas throughout the property and more than 7,600 parking spaces. According to the video, more than 500,000 cars pass the property daily and about 10,000 D.C. metro riders stop at the Franconia-Springfield Metro Station which is a 10-minute walk …
Friday, March 8, 2013
Owner Michael Schear said the newly transformed Springfield Mall will service an 'affluent and underserved trade area in the south side of the D.C. Metro area.'
The Springfield Mall transformation is currently still on schedule and construction leases will be complete by summer 2014, said Michael Schear, president of Vornado Realty Trust, according to a recent transcript on Seeking Alpha. "I mentioned earlier in my opening remarks the Springfield Mall in Virginia is in the midst of a total transformation that will make it the dominant fashion offering for an affluent and underserved trade area in the south side of the D.C. Metro area," Schear said. The new Springfield Town Center will include existing anchors, J.C. Penney, Macy's and Target, as well as a new cinema, health club and duly anchoring offices, along with 45,000 square feet of restaurants, a new food court and 450,000 square feet of …
Thursday, February 14, 2013
Because of reconstruction, many of the mall's stores have relocated to Springfield or Alexandria.
With the redevelopment of the Springfield Mall underway, of course many of the previous stores are relocated until the Springfield Town Center reopens mid-2014. Your favorite stores are still in business and have relocated in and around Kingstowne. Here's a list of the stores and where they're currently located: The demolition of the Springfield Mall began Nov. 26. All of the mall's stores closed and relocated back in July except for Macy's, JCPenney and Target. Currently, there is no tenant line up for the new Springfield Town Center. For more information on the reconstruction, visit the Springfield Town Center website. Related Stories: Springfield Town Center Construction Continues Springfield Mall: Health Club, Movie Theater in …
Wednesday, February 6, 2013
Site plan depicts new lay out of the mall redevelopment.
The redevelopment of the Springfield Mall is currently progressing on schedule according to Mara Ooguin, a spokesperson for what will soon be the Springfield Town Center. The demolition of the Springfield Mall began Nov. 26. All of the mall's stores closed back in July except for Macy's, JCPenney and Target. The mall's redevelopment and transformation into what will be an upscale town center is part of a three-year effort between the Fairfax County Board of Supervisors, Vornado Realty Trust, who owns the mall, and a handful of community organizations in the Springfield area. A site plan for the redevelopment was recently added to the Springfield Town Center website, but Ooguin said at the moment, they don't have a tenant line up for the …
Thursday, May 3, 2012
All stores except three anchor stores to close in July.
The new Springfield Town Center will feature a health club, a movie theater and a "restaurant row" of between eight and ten restaurants, according to Mike McClanahan, chief of staff for Lee District Supervisor Jeff McKay. "The project's under way," McClanahan said at a community meeting last week organized by the Lee District Association of Civic Associations. "Everyone's meeting with everyone." In July, all of the mall's stores (with the exception of Macy's, Target and JCPenney) will close to allow for construction. The renovation of Springfield Mall is Phase I of a four-part plan to transform the 80-acre site into Springfield Town Center, Fairfax County's Office of Revitalization and Reinvestment told Patch in March. Phase II will …
Thursday, March 8, 2012
Major renovations scheduled to begin in July will leave only the anchor stores intact.
Springfield Mall will close all stores except the anchor department stores come July, according to tenants at the mall. Macy's, Target and JCPenney will remain open as New York-based Vornado Realty Trust begins a two-year renovation of the property. Shopper Mary Yastishock said she remembered Princess Diana’s 1985 visit to Springfield Mall. “It’s changed so much since then,” she said. "For two decades, coming here has been like watching a neighborhood die.” Her college-aged daughter Alex agreed. “I remember coming as a child to visit Santa and ride the carousel, then as a teen to the movie theaters,” she said. “This used to be a really happening place.” “Now we come to see which stores have closed,” said Mary. “It seems forever they’ve …
Beck Lomax
3:08 pm on Sunday, April 28, 2013
OK, given the re-do of this place, can anyone tell me what Vornado has planned to make is safer than it was when Barbara "Bobbie" Bosworth was abducted and murdered in 2008? Don't recall her? Here's an excerpt from a June 2012 article in Washington Post: ...Court records show that Springfield Mall general manager Michael Lowe warned Vornado that a gang war was brewing in Springfield and ”the Mall… more ›