The Howard Hughes Corporation® announced today that it has acquired the 11.4 acre Macy’s store and parking field at Landmark Mall in Alexandria. The mixed-use development will feature shopping, dining, entertainment and multi-family residences.
On Jan. 4, Macy’s, Inc. announced a series of actions to streamline its store portfolio, intensify cost efficiency efforts and execute its real estate strategy. The Macy’s at Landmark Mall was among the 68 stores slated to be closed in 2017.
Building on the initial rezoning approval by the Alexandria City Council in June 2013, the Howard Hughes Corporation plans to transform the enclosed mall, which originally opened in 1965, and the Macy’s parcel into a vibrant open-air, mixed-use community with retail, residential and entertainment components designed to create a dynamic urban village on the west end of Alexandria. In addition to a fresh line-up of retail offerings and Class A residences, the new Landmark will feature multiple plazas and green spaces, outdoor seating, an updated transit center, seasonal entertainment, public art, numerous full-service and fast-casual dining options and a luxury cinema.
“Our vision is to revive the site and create a new urban hub on the west end of Alexandria,” said Mark Bulmash, Senior Vice President of Development for The Howard Hughes Corporation. “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 future redevelopment, The Howard Hughes Corporation is planning to close the interior portion of Landmark Mall at the end of January, 2017. A definitive timeline for the redevelopment has not been finalized.