Advance lands $72.5 million loan for mall redevelopment in Morris County

Advance Realty Investors has obtained a $72.5 million construction loan that will pave the way for it to transform an aging mall in western Morris County, Cushman & Wakefield announced.

Advance, DeBartolo start demolition of Morris County mall ahead of redevelopment (VIDEO)

Advance Realty and DeBartolo Development have started demolition at the aging, indoor retail complex along Route 10 in Roxbury, paving the way for a sweeping redevelopment of the property. When complete, the site will be home to a modern, 450,000-square foot power center with a mix of open-air spaces.

Advance, DeBartolo set to begin Ledgewood Mall redevelopment

Developers have secured the local approvals needed to begin “de-malling” a mall in western Morris County, paving the way for them to reposition it as a new open-air shopping center.