It's finally happening: City Place is getting a makeover (and losing its name in the process). Ladies and gentlemen, may I present to you "The Outlets at Silver Spring". This plan has has apparently been in the works for quite some time, but admittedly this is the first I had heard of it.
According to the website recently launched by EW + B Development, "the most experienced service provider in the outlet/value retail industry", the much-maligned mall has its Grand Reopening scheduled for later this year. It appears that the revamped shopping ceneter will primarily house outlet stores, which is actually somewhat intriguing. (And haters/Virginia lovers: your precious Old Town has outlets too, so spare us please.) Who doesn't love outlets, even if one should shop them using a bit of caution?
According to the map provided, much (350,000 sq. ft.) of the retail space in the mall is up for grabs. The only spots that appear to already be claimed are some of the outward-facing spaces such as Chipotle, Ben & Jerry's, PNC Bank, etc. (i.e. the ones that don't actually appear to be in the mall) Also, Marshall's isn't going anywhere.
I had been under the impression that the mall had changed hands from Petrie Ross Ventures to Hutensky Capital Partners, however it would appear that Hutensky and Petrie Ross are in cahoots on this one. I sincerely wish them the best of luck in their endeavor. If they belive they can fill
More to come.