Poag Development is investing in upgrades at one of its newly acquired super-regional malls, RiverTown Crossings.
Poag will put more than $1.3M into property improvements at RiverTown Crossings, a 1,267,272 square foot shopping centre in Grandville, Michigan, a suburb of Grand Rapids, the state’s second-largest city. Poag acquired the centre in September and is working with JLL as its strategic leasing partner to maximise the potential of the property.
The improvements include cleaning up and installing new, robust landscaping, fixing the merry-go-round so that it runs ahead of the holiday season and making significant repairs to the parking lot. Parking lot repairs include paving and filling potholes, adding LED lighting and painting.
“The mall needed significant repairs to get it back to our high standard of operating and this investment is just the beginning of our grand revitalisation plan for the property,” said Poag Development Group CEO Josh Poag. “The community has been extremely responsive to the positive changes happening at RiverTown Crossings and we are very encouraged as we look toward the bigger vision of our revitalisation efforts to drive traffic and community engagement in the years ahead.”
When it was opened by General Growth Properties in 1999, RiverTown Crossings was one of Michigan’s largest malls. It held 130 tenants and was anchored by Sears, Hudson’s, Macy’s, Kohl’s, Younkers, JCPenney and Galyan’s. Only Macy’s and Kohl’s remain. RiverTown Crossings currently houses over 100 shopping, dining and entertainment tenants.
