The Mall’s New Owner Has Big Plans For The Site
Granite Run Mall, which was built in 1974, currently resembles a retail ghost town, however the finiancially troubled mall was recently sold to a new owner, Horsham, PA based BET Investments, for a reported $24 million. BET recently unvieled it’s conceptual plan for the transformation of the mall to Middletown Township’s land planning committee.
BET’s plan calls for a mixed use retail and residential development on the 58-acre property. The mall’s existing three anchor stores – Boscov’s, Sears and JCPenney – would remain, but the interior of the mall itself would be demolished. In its place would be an outdoor courtyard surrounded by upscale retail shops, sit-down restaurants with outdoor dining, seating areas, green spaces and other amenities to create an attractive, walkable “Main Street” concept.
Also proposed are two four-story, high-end apartment buildings, with 240 units on the Oriole Avenue side of the mall property and another 125 units on the former ChiChi’s restaurant site facing Route 352. Most apartments would be one-bedroom units which would be marketed to young professionals and empty nesters. The outlying Kohl’s and Acme stores, as well as the as stand alone strip of stores fronting Baltimore Pike would all remain. There are also plans to enlarge the current movie theater.
Wallingford PA Real Estate – Wallingford, PA 19086
