Poag invests $1.3 million in western Michigan center
Poag Development is investing in upgrades at one of its newly acquired super-regional malls.
Poag will put more than $1.3 million into property improvements at RiverTown Crossings, a 1,267,272-sq.-ft. shopping center in Grandville, Mich., a suburb of Grand Rapids, the state’s second-largest city. Poag acquired the center in September, and is working with JLL as its strategic leasing partner to maximize the potential of the property.
The $1.3 million in improvements include cleaning up and installing new, robust landscaping, fixing the merry-go-round so that it runs ahead of the holiday season, and making significant repairs to the parking lot. Parking lot repairs include paving and filling potholes, adding LED lighting, and painting.
“The mall needed significant repairs to get it back to our high standard of operating, and this investment is just the beginning of our grand revitalization plan for the property," said Poag Development Group CEO Josh Poag. “The community has been extremely responsive to the positive changes happening at RiverTown Crossings, and we are very encouraged as we look toward the bigger vision of our revitalization efforts to drive traffic and community engagement in the years ahead.”
When it was opened by General Growth Properties in 1999, RiverTown Crossings was one of Michigan’s largest malls. It held 130 tenants and was anchored by Sears, Hudson’s, Macy’s, Kohl’s, Younkers, JCPenney, and Galyan’s. Only Macy’s and Kohl’s remain. RiverTown Crossings currently houses over 100 shopping, dining and entertainment tenants.
[READ MORE: Poag expands acquisition at Oak Court Mall]
“I’ve had my eye on this property for more than 10 years,” said Josh Poag at the time of the acquisition. “I see such strong potential for the mall to become a lifestyle-driven mixed-use center to better serve our local community.”
