Plymouth Meeting Mall Sells for Over $100 Million, Plans Residential Resurgence
In a move that will reshape the retail landscape of Montgomery County, the Plymouth Meeting Mall is set to change hands with a new owner vowing to transform the property into a thriving mixed-use hub. LA Partners, led by developer Dean Adler, has agreed to purchase the mall for an estimated $100 million plus.
Adler's vision for the site calls for a comprehensive redevelopment that includes residential units, athletic fields, and a community center. The plan is ambitious, with construction slated to begin in 2027 and an expected opening date of 2028. When complete, the revamped complex will boast a unique blend of retail, dining, and entertainment spaces alongside the new residential component.
Under LA Partners' guidance, the site will undergo a significant transformation, offering residents access to a diverse range of amenities. The company has already demonstrated its commitment to revamping underutilized properties in Philadelphia, with notable projects including Battery apartments in Fishtown and the 885,000 square-foot Bellevue building in Center City.
The sale marks another chapter in the storied history of the Plymouth Meeting Mall, which has long served as a central gathering place for local communities. PREIT's decision to exit Chapter 11 bankruptcy and sell the mall comes as part of its efforts to restructure and rebalance its portfolio. The new ownership is seen as a positive development for the area, offering residents a fresh opportunity to live, work, and play in one convenient location.
As construction begins on the revamped complex, local officials are keeping a watchful eye on developments, hoping that the project will not only revitalize the area but also address long-standing concerns about traffic and infrastructure. With its mixed-use design and commitment to community needs, LA Partners' vision for Plymouth Meeting Mall is poised to redefine the concept of urban living in Montgomery County.
In a move that will reshape the retail landscape of Montgomery County, the Plymouth Meeting Mall is set to change hands with a new owner vowing to transform the property into a thriving mixed-use hub. LA Partners, led by developer Dean Adler, has agreed to purchase the mall for an estimated $100 million plus.
Adler's vision for the site calls for a comprehensive redevelopment that includes residential units, athletic fields, and a community center. The plan is ambitious, with construction slated to begin in 2027 and an expected opening date of 2028. When complete, the revamped complex will boast a unique blend of retail, dining, and entertainment spaces alongside the new residential component.
Under LA Partners' guidance, the site will undergo a significant transformation, offering residents access to a diverse range of amenities. The company has already demonstrated its commitment to revamping underutilized properties in Philadelphia, with notable projects including Battery apartments in Fishtown and the 885,000 square-foot Bellevue building in Center City.
The sale marks another chapter in the storied history of the Plymouth Meeting Mall, which has long served as a central gathering place for local communities. PREIT's decision to exit Chapter 11 bankruptcy and sell the mall comes as part of its efforts to restructure and rebalance its portfolio. The new ownership is seen as a positive development for the area, offering residents a fresh opportunity to live, work, and play in one convenient location.
As construction begins on the revamped complex, local officials are keeping a watchful eye on developments, hoping that the project will not only revitalize the area but also address long-standing concerns about traffic and infrastructure. With its mixed-use design and commitment to community needs, LA Partners' vision for Plymouth Meeting Mall is poised to redefine the concept of urban living in Montgomery County.
this is so sick... 100 million bucks is a lotta cash but i think its gonna be dope to have residential units at plymouth meeting mall... people need a place to chill and play besides workin hard all day, you feel? 
they gotta make sure the traffic dont get outta hand tho, thats the only downside to this whole thing. 
this sale is like a breath of fresh air for that area... no more old mall vibes 
. i'm hyped to see what la partners brings to the table, especially with those residential units 
. and can we talk about how cool it'll be to have a community center and athletic fields on site? 
that's like living in a real-life utopia 
. plus, it's great to see preit letting go of something that's been holding them back 
. the traffic and infrastructure issues are a legit concern tho 
i mean, its just a bunch of shops & restaurants. what's the big deal? residential units are cool i guess but do we really need more people movin into the area? traffic is gonna be a nightmare now 
and dont even get me started on the cost of livin in montco 
100 mil is like, peanuts for a property thats been sittin idle for years 
also, who knows what kinda amenities they're really gonna add that ppl r actually gonna use? seems like just another fancy redevelopment project to me 
I'm loving that they're keeping the spirit of the mall alive while also catering to residents' needs.
Now, with all these changes, it's gonna be even more vibrant and convenient for locals. The fact that LA Partners has a track record of revamping properties in Philly is a big plus. Fishtown's Battery apartments are always a highlight when I'm browsing my feeds! 
The traffic and infrastructure concerns are valid, but if LA Partners can get this right, it could really make a difference for the area. Fingers crossed for a seamless transition! 
! $100 million is a decent price tag, considering it's been struggling lately 
. But, I think it's awesome that LA Partners is injecting new life into the space with residential units, athletic fields, and a community center 
. Montgomery County needs some revitalization, and this could be just what it needs 
. residential component sounds like a game changer tho, imagine having a community center and athletic fields right under your nose 
. fingers crossed for 2028 opening date 
I think this is a super exciting development for the whole area! The idea of turning a former mall into a thriving community hub with residential units, athletic fields, and a community center is just genius 
. It's all about creating a lifestyle destination where people can live, work, and play in one place. And I love that LA Partners has already proven themselves to be capable developers with projects like Battery apartments and the Bellevue building. The fact that they're committed to revamping underutilized properties is really admirable 
Imagine a place where you can grab brunch, do some shopping, and then head to the community center for a yoga class... or have a picnic with your fam on the athletic fields 
. Traffic and infrastructure concerns are always a worry, but fingers crossed the new owners can tackle those too 
. They'll probably turn the whole thing into some cookie-cutter apartment complex with a food court 
. And what about the parking situation? We don't wanna make the area even more congested 
