Howard Hughes Corp. buys Macy’s Landmark Mall store in Alexandria
The Howard Hughes Corp. said Monday that it has acquired the 11.4-acre Macy’s store and parking area at Landmark Mall in Alexandria for an undisclosed price.
The site is located about nine miles from Washington, D.C. The company said it plans to transform the enclosed mall, which opened in 1965, and the Macy’s parcel into an open-air, mixed-use community with retail, residential and entertainment components.
These plans build on an initial rezoning approval granted by the Alexandria City Council in June 2013.In addition to a fresh line-up of retail offerings and Class A residences, the new Landmark would offer multiple plazas and green spaces, outdoor seating, an updated transit center, seasonal entertainment, public art, dining options and a luxury cinema, the company said.
“Our vision is to revive the site and create a new urban hub on the west end of Alexandria,” Mark Bulmash, senior vice president of development for Howard Hughes Corp., said in a statement. “This acquisition enables us to increase the scale of this catalytic redevelopment and transform Landmark into a vibrant destination attracting area residents and visitors.”
In connection with the redevelopment, the company plans to close the interior portion of Landmark Mall at the end of January. A timeline for the redevelopment has not been finalized.
Howard Hughes Corp. owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. The company has offices in New York, Columbia, Md., Dallas, Houston, Las Vegas and Honolulu.