A hotel, outlet shops, along with full-price retailers and entertainment, as well as a possible “de-malling” are some of the early ideas being tossed around for the future of the ailing Festival Bay Mall.
New mall owner Paragon Outlet Partners LLC is talking to design firms and working on preliminary redevelopment plans for the shopping center on the north end of International Drive, Orlando’s popular tourist corridor.
The Baltimore, Md.-based firm expects to have something formulated by the end of the first quarter, said Nicholas King, a principal at Paragon which bought the 1.1 million-square-foot mall for $25 million on Dec. 8 from Memphis, Tenn.-based Belz Enterprises Inc.
The mall’s anchors include the 153,000-square-foot Bass Pro Shops Outdoor World and the 85,000-square-foot Cinemark 20 movie theater. Other major tenants include Vans Skatepark, Shepler’s Western Wear, Ron Jon Surf Shop and Monkey Joe’s.
Orlando Business Journal - by Anjali Fluker, Staff Writer
Date: Wednesday, January 12, 2011, 9:01am EST
No comments:
Post a Comment