News: Owners Developers & Managers

Simon Property Group continues redevelopment of Northshore Mall - begins phase 2 of The Promenade redevelopment

Peabody, MA Simon Property Group has begun phase 2 of The Promenade redevelopment at the Northshore Mall, adding several new retail and dining offerings, with more to come in 2023. 

Construction is underway, bringing with it high profile retailers that will open their doors in 2023 – among them Arhaus, L.L.Bean, and sweetgreen. Additional new retailers and dining destinations are soon to follow, and are sure to enjoy the innovative adaptations that have been made to the mall. 

The Northshore Mall redevelopment began on the Rte. 114 facing side of the shopping center in 2017, resulting in a newly renovated dining pavilion and the creation of ‘The Promenade’ which includes outdoor seating, patio dining for seven restaurants that opened or remodeled with the Promenade, a community stage, and more. Between 2020 and 2022, the multi-million-dollar transformation has cemented Northshore Mall’s place as a regional entertainment destination, a social hub, and community pillar by adding seven exciting new concepts. 

“When we began the redevelopment, we focused on maintaining and building upon our strong mix of traditional stores carrying items for a wide range of shoppers, while also expanding our mix of services, dining, entertainment and recreational activities,” said Mark Whiting, Simon Property Group general manager at Northshore Mall. “Simon continues to reinvest in its properties, providing new and exciting shopping, dining and entertainment options to match our shoppers’ evolving wants and needs.”

The overall redevelopment has created a hub where the community can play, shop and utilize a wide array of services. In 2020, Northshore Mall welcomed a 116,000 s/f Life Time Athletic Resort, featuring group lessons, private training, two exterior and two interior swimming pools, spa facilities, a cabana and a full childcare facility. Golf Lounge 18, an indoor golf simulator experience, joined the center, as well as Tesla. Other notable additions during the redevelopment include Chase, Prêtte Blowdry + Esthetics, and The Double Bull Taphouse. 

As 2022 has come to a close after a lively holiday season, Northshore Mall looks forward to the many exciting store openings and final phase of development to come in 2023. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
You can’t manage  what you don’t measure - by Jay O'Connor

You can’t manage what you don’t measure - by Jay O'Connor

Reasons to submeter electrical and HVAC Loads At standalone and multi-unit properties. As a property owner or manager, we all should understand the importance of managing costs, promoting conservation efforts, and maintaining compliance with regulations. Submetering is a powerful tool that can help you achieve these goals and more.

The value of comfort: The workplace will never be as convenient as home, but it can be as comfortable - by Steve Hibbard

The value of comfort: The workplace will never be as convenient as home, but it can be as comfortable - by Steve Hibbard

In real estate construction and development, there are numerous balances struck between comfort and affordability. We all want the class A office space with artisanal trimmed offices, brilliant lighting, silent air systems, and the hilltop belvedere view from the executive suite. Everyone wants that coveted corner office.
Capitalizing on next-gen electric vehicle  charging in New York/New England real estate - by Hooman Shahidi

Capitalizing on next-gen electric vehicle charging in New York/New England real estate - by Hooman Shahidi

For property owners and developers, tenant experience is everything. This means top-notch building amenities and technology integrations that match their lifestyle. As the electric vehicle (EV) industry grows, EV charging is at the top of their list of amenities.
Brownfield redevelopment: Sometimes it’s not just about economic development - by George Naslas

Brownfield redevelopment: Sometimes it’s not just about economic development - by George Naslas

The redevelopment of brownfield sites is often associated with the revitalization of a property to bring it back into productive use, generate local tax revenue, and increase local employment. Redevelopment can also be part of a green or open space development, such as a riverwalk, park, or rail trail.