Wednesday, December 21, 2011

$270M Mall Expansion to Bring 2,000 Construction Jobs

Prestige Properties & Development announced that it will develop The Mall at Bay Plaza, a new $270 million, 780,000 square foot enclosed fashion mall anchored by a new Macy’s combined with an existing JC Penney. The Mall is expected to create more than 2,000 construction jobs and more than 1,700 permanent jobs.

Located at the intersection of the Hutchinson Parkway and I-95, the three-level, state-of-the-art mall will be built on a corner parcel at Prestige’s Bay Plaza Shopping Center in the Bronx, already the largest shopping center in New York City. Macy’s will occupy 160,000 square foot on three floors. 

Being hailed as New York City’s most significant enclosed retail project in decades, The Mall at Bay Plaza has already drawn intense interest from retailers eager to lease space at a destination that serves more than four million residents in just a 10-mile radius. 

The Mall at Bay Plaza is scheduled to break ground in spring 2012, with the entire complex anticipated to open in fall 2013, which also includes a 1,800-car parking garage.