Springfield Town Center
|Location||Springfield, Virginia, United States|
|Address||6500 Springfield Mall, Springfield, Virginia, 22150|
|Closing date||June 30, 2012|
|Developer||Arthur M. Fischer Inc. and Franconia Associates|
|Management||Vornado Realty Trust|
|Owner||Vornado Realty Trust|
|No. of stores and services||250+ at peak|
|No. of anchor tenants||3|
|Total retail floor area||1,700,000 sq ft (160,000 m2)|
|Parking||8,100 parking spaces (2 four-level parking garages plus uncovered lots)|
|No. of floors||2 of retail|
Springfield Town Center is a shopping center currently under redevelopment in Springfield, Virginia. It opened in 1973 as Springfield Mall, an enclosed shopping mall, which closed on June 30, 2012 as part of a multi-million dollar redevelopment plan to turn it into an multifaceted "Town Center"-style shopping center with a main indoor area similar to the nearby Tysons Corner Center and Dulles Towne Center, while transforming the exterior into a pedestrian friendly environment with restaurants with cafe style outdoor seating and entrances. It is located at the intersection of Interstate 95 and Franconia Road (Route 644), which is part of the Springfield Interchange, 1/4 mile north of Franconia-Springfield Parkway (State Route 289) and the Franconia-Springfield (Washington Metro) metro station. It is scheduled to open in the summer of 2014.
Original anchors were Lansburgh's (later E.J. Korvette), Garfinckel's (later Sports Authority), J.C. Penney, and Montgomery Ward (building demolished in 1999, site now Target). Macy's was added in 1991.
One of the largest malls in Northern Virginia, it was owned and operated by Vornado Realty Trust. In 2005, Vornado purchased an option valued at $36 million to buy the mall from the previous owners Franconia Two LP. In early 2006, Vornado purchased the mall for an additional $80 million along with plans to redevelop. Renovations were last completed in 1987, and by the time the mall closed they were needed again. By 2010 Vornado was no longer even attempting to rent stores in the mall to new tenants and as large sections of stores at Springfield Mall closed, they were simply walled over with drywall and forgotten.
In March 2012, Vornado announced plans to close all but the three anchor stores starting on July 1, ahead of the two-year renovation and redevelopment, which is part of a decade-long plan intended to turn the Mall and its surrounding area into the new Springfield Town Center. In March 2014, Vornado announced plans to sell Springfield Town Center to Pennsylvania Real Estate Investment Trust for $465 million. The deal is slated to close in March 2015.
Demolition of Springfield Mall was started on Monday November 26, 2012, at external entrance number 2. As of December 31, 2012, almost all of entrances 1, 2, and the former Sports Authority store has been demolished.
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- BBC ON THIS DAY | 9 | 1985: America welcomes Charles and Diana
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- "Real Estate Review".
- "Aging Springfield Mall to close all stores but anchors for renovations".
- Van Allen, Peter (March 4, 2014). "PREIT will pay $465M for Virginia mall". Philadelphia Business Journal. Retrieved March 13, 2014.
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