Ft. Lauderdale’s Galleria Mall Plans Billion-Dollar Investment

galleria mall plans $1b investmentThe Galleria has unveiled plans to build seven luxury buildings around the mall, creating space for 1,600 residences, 150 hotel rooms and senior living apartments.

“This is an exciting time for The Galleria as we pursue a long-term vision, which will dramatically improve the landscape of the area and impact our ability to further attract the best retail and dining options ,” said Mark Trouba, general manager of The Galleria at Fort Lauderdale.

The planned project is valued at more than a billion dollars, mall executives said. If city approvals go through, construction would begin late in 2015 and be completed in phases over seven years.

Improvements and additions would include ample walkways around the property, tree-lined streets, more green spaces and designated bike lanes.

The shopping venue was first developed in the 1950s as an open-air shopping destination called Sunrise Shopping Center. It was redeveloped in 1980 to become an enclosed mall now known as The Galleria. It’s home to about 100 retailers, anchored by Macy’s, Dillard’s and Neiman Marcus.


Source:  SunSentinel