THEY’RE LOOKING FOR A NEW TENANT AT ALBUQUERQUE’S WEST SIDE COTTONWOOD MALL. THE OWNER IS HOPING A 21-MILLION DOLLAR FACE LIFT FOR THE OLD MACY’S STORE WILL ATTRACT NEW TENANTS … SPECIFICALLY, OFF-PRICE AND HOME FURNISHINGS RETAILERS.
THE ALBUQUERQUE JOURNAL REPORTS THE OLD MACY’S PROPERTY THAT SHUT DOWN EARLIER THIS YEAR WILL BE RE-DONE BY WASHINGTON PRIME GROUP.
MEANWHILE, PHASE-ONE OF REDEVELOPING WINROCK SHOPPING CENTER IN ALBUQUERQUE IS MOVING ALONG. PHASE ONE IS DONE AND GOODMAN REALITY GROUP IS MOVING INTO PHASE-TWO. THIS PHASE WILL ADD A HOTEL, A TWO-ACRE PARK, AND OFFICE SPACES ABOVE TJ MAXX. IT’LL ALSO INCLUDES MULTI-FAMILY LIVING FACILITIES AND NEW STORES AND RESTAURANTS.
PLANS FOR THE HOTEL, RESTAURANTS, PARK AND RETAIL STORES ARE EXPECTED TO TAKE THREE TO FOUR YEARS TO COMPLETE.
