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GGP, Kimco form JV to redevelop Owings Mills Mall
Owings Mills, Md. -- Chicago-based General Growth Properties and Hyde Park, N.Y.-based Kimco Realty Corp. said Thursday that the two companies have formed a joint venture partnership to redevelop Owings Mills Mall, Md.
The new JV gives each company 50% interest in the 25-year-old, 1 million-sq.-ft. mall; GGP previously owned 100%.
"We're exploring a number of options to revive Owings Mills Mall and provide the shoppers of northwest Baltimore County a more viable center that meets their needs,” said Shobi Khan, COO, GGP.
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Fashion Place celebrates grand re-opening of extensive redevelopment
Murray, Utah -- Fashion Place, in Murray, Utah, celebrates a grand re-opening on Nov. 11 with the opening of first-to-market stores Crate and Barrel and H&M, as well as openings of The North Face, Bastille, Ann Taylor and Loft. The new store openings kick-off the grand re-opening of the center’s redevelopment, which includes 98,000 sq. ft. of new retail offerings and an expanded entranceway to the community.