Plans to revamp mall parcels with new apartments, public space taking shape across New Jersey

Redevelopment is coming to some of New Jersey’s largest malls, as owners and local officials weigh plans to add apartments, health care facilities and vibrant public spaces meant to infuse them with new foot traffic. Proponents say the projects are essential to the long-term health of even the most successful assets. In other cases, they’re a potential lifeline to once-dominant shopping hubs that have become obsolete and seen their values plummet in recent years.

PREIT inks sale of Moorestown Mall parcel slated for 375 apartments

Moorestown Mall owner PREIT has completed its sale of two key parcels at the site, including one that’s slated for 375 apartments as part of an ongoing redevelopment plan.

Health system acquires ex-Sears store in Moorestown as part of mall redevelopment

A hospital system has acquired a former Sears building at a Burlington County mall, with plans to transform the structure into a 165,000-square-foot specialty care facility.

REIT eyes plan to reposition South Jersey mall with 1,100 apartments, hotel

The owner of a Burlington County mall is moving ahead with plans to transform the property with the addition of more than 1,000 apartments and a hotel.

Macy’s closing 3 N.J. stores among nationwide cutbacks

Three Macy’s stores in New Jersey are among nearly 70 that will close nationwide this year, as the department store giant looks to streamline its costs and rethink its real estate strategy.