Did you know that Springfield Mall is the hottest piece of mall property in the country right now? Vornado Chairman Steve Roth’s annual letter to the shareholders includes the following: “We will of course continue to re-develop Springfield Mall, Springfield, VA – under the leadership of Bob Minutoli – where a large and affluent population and under-malled trade area, make it one of the best mall development opportunities in the country.”

Mike McClanahan, Supervisor McKay’s Chief of Staff, reported to the LDACO membership on April 25 about the current progress of the mall project. While Vornado, the developer, has not released drawings or plans, McClanahan reports that we will have a new movie theater, a health club, and three anchors. Plans are also underway for 8 to 10 new restaurants on the Loisdale side of the complex.

Macy’s, Target, and Penney's will remain open during the 18-24 months of renovation. All of the remaining stores will be completely vacated by the end of July. The commuter parking areas in the parking garage will be available as well. Eventually, a commuter bridge will be built from the parking area to the metro station. No more dodging raindrops to dash back to your free parking spot!

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Vornado is incentivized to make steady progress on the project since they lose store rental revenue each month that the mall is closed. Expect an opening either shortly before major winter or spring shopping seasons get underway.

Other great development news regarding BRAC at this link: http://www.virginiabusiness.com/index.php/news/article/springboard-for-springfield.