As we head into fall, all signs are pointing to a revival of the on-again, off-again redevelopment plan for Westfield Montgomery mall. The original proposal, approved by Montgomery County in 2020, featured a Pike & Rose-like outdoor portion along with a hotel, a gym and new housing. Not a bit of it ever came to fruition.
Unibail-Rodamco-Westfield, the French company that owns Westfield Montgomery, just paid off its $350 million loan on the mall — two years later than planned. The transaction follows a rough stretch for Westfield Montgomery, whose valuation was cut nearly in half between 2014 and 2024, and comes shortly after URW bought out its investment partner to take full ownership of the mall.
We’re hearing that a whole new redevelopment plan is in the works. What’s going to happen to the long-empty Sears space? What about that proposed mega-fitness center with rooftop pool? Stay tuned to Store Reporter for what’s next.
Related: Sears checks out, mall’s ready to move on
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Related: Westfield Montgomery mall set for expansion
Related: Trouble for Westfield: URW defaults on Wheaton loan
tdr
Any plans to open the top deck of the food court and Macy’s parking garages?
Alex M
I have heard that they are getting rid of that empty parking lot that used to belong to sears, and the sears to turn it into residential units above, and the continued retail/eatery line-up on the lower levels!! It’s a pretty big project! They’re adding a lot of new stores and eatery options with this!
ATI KOVI
Montgomery Mall has survived longer than it’s closest rival, White Flint. It’s still crowded especially weekend nights. Leaving housing and a hotel out of the plan. The place needs a major anchor or supermarket or a Ford dealer to replace Ourisman.