(If it did, youd be paying a lot more in local property taxes.). The plan would compliment the mall and also create a separate environment for the residents of the mix of studio, single-bedroom, and two-bedroom apartments aimed at young professionals,Della Porta explained, adding the proposal includes eight acres of green spaces where there are currently parking lots. The 600-unit complex, which would have 1,120 parking spaces, would be on thehigh end of the market,Della Porta said. Since 2018, county records show the assessed value of the Oxford Valley Mall has dropped by more than $1.7 million on the tax rolls, so that it pays about 15 percent less in property taxes. Bankrupt J.C. Penney plans to permanently shutter 154 stores across the U.S., with going-out-of-business sales set to begin at those locations on June 12. Consider These Factors, Bayside Mall: A Popular Shopping Destination In Toronto, The Pros And Cons Of Teen Curfews In Shopping Malls, The Americana At Brand A Luxury Shopping Mall In Los Angeles To Close Its Doors, The Importance Of The Quinceanera Dress And Mass, As Electric Cars Become More Popular Free Charging Stations Are Popping Up Across The Country, The Fashion District: A New Shopping Mall In Philadelphia. The mall propertys tax valuation went from $395 million to $304 million as a result of the tax assessment. In an article by Rachel Sandler, she explains that Victoria's Secret (VS) is permanently closing 235 stores in the US. It last underwent a major update in 1998. Roosevelt Mall is a medium-sized outdoor shopping mall, located along Pennsylvania Route 73 between Bustleton Avenue west end and U.S. Route 1 in the east end, or Rhawnhurst neighborhood, of Northeast Philadelphia, Pennsylvania. Supervisor Amy Strouse encouraged developers to consider a shuttle or similar service to ferry residents between the complex and the Woodbourne train station. 2/13- Today 11:00am-8:00pm 2/14- Tomorrow 11:00am-8:00pm 2/15- Wednesday 11:00am-8:00pm 2/16- Thursday 11:00am-8:00pm 2/17- Friday 10:00am-9:00pm 2/18- Saturday 10:00am-9:00pm 215-891-0661. But the rumors persisted, and in 2019, the malls owner, Simon Property Group, announced that it was exploring strategic alternatives for the mall. Dillards, JCPenney, Macys, Nordstrom, and Sears are among the retailers that have signed leases at the mall. Oxford Valley Mall Apartments is a 391-unit multifamily community in Langhorne, PA. Many people, like us, are probably asking what is actually open in the mall? The mall will be closing seven of its most popular stores in 2020. It Must Win Over The People", "At Malls, Shop Till You Drop At Shop After Shop After Shop", "Boscov's to acquire 10 stores Five will be Strawbridge's, four in the area. The plaza has a gross leasable area of 337,423ft, formerly 620,000ft when it was a mall, located on 73 acres (300,000m2) of land. 2.5 Baths. The Simon Property Group mall is the largest (by retail space) in the country at more the 3 million square feet of retail. Since 2018, county records show the assessed value of the Oxford Valley Mall has dropped by more than $1.7 million on the tax rolls, so that it pays about 15 percent less in property taxes.. [16], In August 2019, a local news agency reported that Simon Property Group and multiple other related entities have proposed a plan to redevelop the mall and the surrounding property into a mixed use center, including the addition of a 600 unit high-end apartment complex in place of the former Wanamaker's/Boscov's anchor; that would include studio-2 bedroom units, a fitness center, indoor and outdoor common spaces, dog park, pools, full-time management, maintenance, and concierge services like dog walking on site. In addition to the mall upgrade, new mixed-use and residential development around the property, including a mall owned by JBG SMITH Properties, has been proposed near King of Prussia Town Center. Oxford Valley 2300 E Lincoln Hwy, Ste 170 Langhorne PA 19047 United States (215) 752-1851 Get Directions This location currently does not offer Curbside Pickup. "While closing stores is always an extremely difficult decision, our store optimization strategy is vital to ensuring we emerge from both Chapter 11 and the COVID-19 pandemic as a stronger retailer with greater financial flexibility to allow us to continue serving our loyal customers for decades to come," she said in a statement. Oxford Valley Mall, which is a large shopping mall in Langhorne, Pennsylvania, is home to many stores. The decision was made due to the declining popularity of the mall and the lack of foot traffic. Assisting with all opening and closing duties as assigned by management Other possible additions include new eateries, a lifestyle complex, new retailers, and refreshed office space. STORE: (215) 752-2350. At Oxford Valley Mall, there is a food court where you can get a variety of fast food. The plans call for a parking deck, 150-room hotel, eateries, and a 90,000-square-foot healthy living and entertainment destination that features a spa, rooftop pool, and kids center. Langhorne, PA 19047. In more recent years, the mall has refocused on being a more upscale shopping destination and catering less to teens. The mall features a parking garage and food court. In addition to the stores with service-oriented themes, there are also a variety of stores with clothing. This left Macy's and JCPenney as the only anchors. The mall was built in 1973 on the site of farmland and a sod airfield. [6] In 1989, Sears replaced Stern's after the latter closed several stores in the Philadelphia area. Neshaminy Mall has a diverse selection of clothing stores. The firm working to add the two housing buildings to the Oxford Valley Mall,CornerstoneTracy was involved in construction of the high-endAVE King of Prussiaapartment and extended stay complex located right next to theKing of Prussia Town Center mixed-use development. There is a storefront that has a paintball party space, and not one but two "Game Zones" with a plethora of arcade and claw games. Schwefel specializes in corporate law and real estate litigation. Two four-story residential buildings with underground parking would be built on approximately 20 acres, with each building having its own underground parking garage. Mr. Drew holds up an Argentine black-and-white tegu for Nolan, 3, Owen, 5, and Gavin, 8, to marvel at Saturday at Mr. Drew and His Animals Too in the Pepperell Mall in Lewiston. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. Sidewalks would be included in the development, and a pedestrian crossing light would be installed on Middleton Boulevard to connect the stores and restaurants to the apartment buildings that will eventually contain 600 units. Neshaminy Mall is a 1,025,297-square-foot (95,253m2) shopping mall located at U.S. Route 1 and Bristol Road in Bensalem Township, Pennsylvania. Opened in 1968, the struggling Neshaminy remains a significant, if much reduced, source of income for thetownship, paying $646,596 in annual property taxes with $506,540 going annually to the Bensalem School District, according to county records. A slide deck from Simon Property Group notes that the average household income within a few miles of the mall is$96,638 and its customers extend all the way into the city and Central Bucks County. The mall is situated at the intersection of Interstate 95 and Delaware Route 1/Delaware Route 7, near the Cavaliers Country Club, and close to the center of the Northeast megalopolis. Advertisement Gray-New Gloucester finished in 12th, followed by Monmouth Academy in 13th, Spruce . They had a sign that said that they were reopening today, Monday, June 29. Even before the pandemic, Brookfield stated that "the retail marketplace was struggling" and noted competition from the nearby Oxford Valley and Philadelphia Mills (formerly Franklin Mills) malls. The Reading retailer's is the first of the sales of 78 Federated properties", "Sears store closing list: 142 more Sears, Kmart locations closing in Chapter 11 bankruptcy", "EXCLUSIVE: Redevelopment Planned For Oxford Valley Mall", "Demolition Of Closed Mall Department Store Moves Forward", Pennsylvania Real Estate Investment Trust. HMV was sold off to American Candy on Oxford Street, a well-known shopping destination in London, and many locals were disappointed. "These valuation methods do not comply with the (uniform standards) and often result in an increase of inaccurate property assessments.. They mentioned in a note on their door that they are looking forward to reopening this Friday. 5 Super-Slimy Benefits of Playing with Slime It promotes mindfulness. Children's Place, even though it has been rumored to close multiple stores, as of now looks like the Oxford Valley Mall location is not one that is closing. Sign in . There has been no confirmation from Macys Inc. that the Macys store at Oxford Valley Mall in Langhorne, Pennsylvania is closing. This news organization compared the assessed values of all properties in Bucks County between the years 2019 and 2022. Before we send you to , pleasesubscribe to our daily newsletter. The retailer started adding branch stores starting in the 1930s and, by their zenith in the 1980s, enjoyed annual sales of over a billion dollars By the 1990s, Strawbridge's became part of the May Department Stores conglomerate until May's acquisition by Federated Department Stores on August 30, 2005. An office building called One Oxford Valley is located next to the mall. Of that amount, $1.6 million went to the Neshaminy School District. Sports and fitness enthusiasts are also encouraged to shop in the mall. 22, right) puts one up as Ellsworth's Lily Bean (No. The filing further states that this merged company will be listed on the New York Stock Exchange, and the $300 million will be raised by selling 30 million shares for $10 apiece. According to L Brands, Covid-19 accounted for 54% of VS%27s and Bath and Body Works%27s sales revenue of $821.5 million in the fourth quarter. The Oxford Valley Mall is a two-story shopping mall, . The mall, rather than being completely demolished, would be rejuvenated and reimagined for the future. In her article, she explains that L Brands, the owner of VS and Bath and Body Works, says that due to Covid-19 their sales rates dropped 46% to $821.5 million. The former Boscovs has been vacant since 2008, and the Sears closed earlier this year as the other two stores. Simon said Oxford Valley was 79% occupied and listed as major tenants an a movie theater, Macy's and J.C. Penney's department store. For video-game lovers that miss taking a trip to GameStop, they are planning to reopen on Tuesday, June 30. The first building would have about 390 living units and the second would have 210. Oxford Valley Mall Langhorne PA Hours: 2022 Holiday hours (Saturday, Sunday, Easter, Presidents Day, Memorial Day, Independence Day, Labor Day and today's opening /closing times. Willow Grove Park Mall is a three-story shopping mall located in the community of Willow Grove in Abington Township, Pennsylvania at the intersection of Easton Road and Moreland Road in the Philadelphia suburbs. Below is a list of the J.C. Penney stores that are closing: Khristopher J. Brooks is a reporter for CBS MoneyWatch covering business, consumer and financial stories that range from economic inequality and housing issues to bankruptcies and the business of sports. Oxford Valley Road Open until 10:00 PM EST 2424 E Lincoln Hwy Langhorne, PA 19047 Map & directions Order Pickup Order Delivery Order Catering Prices vary by location, start an order to view prices. Cornerstone Tracy Development has proposed two apartment buildings, with a total of roughly 600 units, on the mall's property. Once commercial heartbeats and hangouts for many in Lower Bucks, the Neshaminy and Oxford Valley malls are also among the largest sources of property tax income, though their assessed property values have dropped significantly in recent years. The Oxford Valley Mall was developed by The Kravco Company and opened in 1973. The mall is now bookended with JCPenney and Macy's, with 140 vendors within. View more recently sold homes. Center Hours This Week. Simon Property Group, owner of Oxford Valley Mall as well as the King of Prussia megamall, has made a lot of headlines in the last year for their unique business moves, such as buying stores at their malls out of bankruptcy. First name. *This is a smoke free facility* **When applying for this position, please use a desktop or laptop computer. Its anchors are Boscov's, Dick's Sporting Goods, JCPenney, and Rural King. It is located at the crossroads of Chester County at the intersection of U.S. Route 30 Business and Pennsylvania Route 100. [2] In 1986, the Gimbels store was converted to Stern's after Allied Stores purchased seven Gimbels locations in the Philadelphia area. The mall is anchored by Macy's, Macy's Home Store, Boscov's, JCPenney and Dave & Buster's. Many Londoners consider the new HMV store on the street to be out of keeping with the citys history, despite the fact that the old HMV store had been a fixture on the street for decades. Simon Property Group Acquisition Holdings Inc. Langhorne, Pennsylvania's Oxford Valley Mall That makes a total of 17 store closures in the United States alone. J.C. Penney declared bankruptcy in May. The mall has 170 stores and restaurants, as well as a food court, a movie theater, and a children's play area. . More:Construction begins on luxury apartments at Oxford Valley Mall in Middletown. All fountains were eventually removed with only the outdoor one remaining. Restaurants, retailers, and health and wellness are just a few of the potential focal points that have been listed thus far. / MoneyWatch. 400 Oxford Valley Road, Langhorne, PA 19047. Production", "Phila. When it comes to shopping, people in the know head to Oxford Valley Mall. Oxford Valley Mall, the largest retail center in Bucks County, has a lot of potential for a major renovation. Although the malls closure will have a significant impact on the area, it will have little impact on a local business community. Changes in the mall's perceived value are unlikely to shock shoppers. We are also not far from Six Flags Great Adventure, the Oxford Valley Mall and Trenton - Mercer Airport (TTN). On the call and in public financial documents, Simon Property Group stated they are making money and ended its most recent financial quarter with more than $6.8 billion liquid assets. Land For $144.6 Million, School Board Silent On Superintendents Abrupt Leave. The main problem for malls are large anchor stores like Sears and Macys are shrinking their physical footprints as more and more shopping happens online and legacy costs add up. That is the hope.. Ideas for residential living units on the mall property have been talked about in the past, but the most recent proposal is different and more complete, sources have said. [9][10] In addition, the mall replaced the spiral pedestrian ramp and fountain with a glass-enclosed elevator, upgraded the air conditioning system, and extensively renovated the JCPenney and Sears stores. Sears, which was one of the malls key anchors, closed in 2018, as part of a nationwide chain of store losses before the brand filed for Chapter 11 bankruptcy protection. [1]. There will be two four-story residential buildings each with their own parking garage on approximately 20 acres. In October, the fountain was illuminated pink for Breast Cancer Awareness Month. The proposed development would take the form of a 600-plus luxury apartment building at the former Boscovs site at the mall complex in Middletown, located between Woodbourne and Oxford Valley roads off Route 1. [18]. As part of the upgrades, JBG SMITH Properties, which owns King of Prussia Town Center, has also begun to develop mixed-use and residential properties around the mall. The Echelon Mall was renamed Voorhees Town Center in 2007. Simon Property Group CEO David Simon announced that the company would consider investing in some of its largest tenants in order to protect them from financial ruin as the number of mall-based retailers facing financial difficulties grows. The mall will be closing seven of its most popular stores in 2020. BBW Supervisor-OXFORD VALLEY MALL BBW Store Langhorne, PA Posted: February 28, 2023 Full-Time Supports delivering sales plan through effective execution of store and operational tasks as assigned and delegated by managers. Loft, the ladys clothing store, is opening its doors again on July 1st. The Simon Property Group has been working on mall re-developments for a long time. Along with the See more 25,008 people like this 25,031 people follow this 90,404 people checked in here In-Store Pickup. OXFORD VALLEY MALL - 63 Photos & 49 Reviews - Shopping Centers - 2300 E Lincoln Hwy, Langhorne, PA - Phone Number - Yelp Oxford Valley Mall 49 reviews Claimed $$ Shopping Centers Closed 11:00 AM - 8:00 PM Hours updated 3 weeks ago See 63 photos Neshaminy Mall Frequently Asked Questions about Oxford Valley Mall How is Oxford Valley Mall rated? [10] The same year, Wanamaker's was converted to Hecht's. Delivery Partners Available Restaurant Details Hours 2020 CBS Interactive Inc. All Rights Reserved. J.C. Penneydeclared bankruptcyin May. The mall has over 90 stores and is anchored by Boscov's, Five Below, HomeSense, Michaels, Planet Fitness, and Sierra Trading Post. Bath & Body Works, which relocated to a larger location in the mall in March 2010, is now open for business. As reported by Don Seiffert of the Philadelphia Business Journal, Simon Property Group recently filed for what is known as a special purpose acquisition company (or SPAC) with a value of $300 million. 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