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Last year we noted that the Shops at Georgetown Park, a sucky dark hole of a mall, was not renewing the leases of most of its tenants. On Jan. 1, the majority of leases left expired, but it’s unclear what will happen next, according to the Georgetown Current:
A company spokesperson, who asked not to be named, said Monday that New York-based Vornado is not renewing leases as they expire, largely emptying the mall in preparation for “redevelopment.” The spokesperson wouldn’t say when renovations would take place or what they would entail, but did note that some stores can remain in place while the work is done.
“We’re continuing to work hard to come up with great solutions,” the spokesperson said. “There isn’t a specific plan or framework to talk about except to say that we’re continuing our efforts … to transform the mall as it is today into something else.”
Apparently, there was talk of a large anchor retailer like Target coming to the space, but the Current observes that plan may have fallen apart last summer, when “Vornado applied to the Old Georgetown Board for permission to add windows and entrances to the mall. Some of the changes would optimize space for ‘a larger format tenant,’ the project architect said at the time. Board members rejected those proposals.”
They may change their minds, though, if the mall keeps sitting empty. Meanwhile, the Barnes & Noble space on M Street will likely become a Nike Store soon, notes the Post.
Photo by Saikofish via Flickr/Creative Commons Attribution 2.0 Generic License