As of this week, the razing of the former Sports Authority building on Loisdale has commenced. What a welcome sight! Macy's, Target and JCPenney remain open at Springfield Mall, though the interior was shut down over the summer to begin redevelopment construction.
Michael Neibauer of the Washington Business Journal recently reported that Lee District Supervisor Jeff McKay toured the mall in October. "I’ve seen a whole bunch of gutting in there, which is what I expected," McKay said. "The stores are all sealed off and there's a lot of demolition. There’s no real new things being built quite yet."
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.”
Our April 17 meeting featured three local real estate panelists: Janice Buckley from Long and Foster, Mike Anastasia from Keller Williams, and Anthony Carr from Debbie Doğrul Associates. In a round robin discussion, we heard their expert opinions on a variety of topics.