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First look: Here's what's in store for West Oaks Mall

First look: Here's what's in store for West Oaks Mall

West Oaks Mall has a lot happening, including repurposing former anchors, bringing more non-traditional mall tenants, working on outparcels and future multifamily residential development.

An open-air plaza with a mix of restaurants also is in the works down the road.

The Ocoee mall owner Las Vegas-based Moonbeam Capital Investments LLC, which bought the mall in 2012, has been working with the city of Ocoee for the past year to convert vacant retail space into new office space to revitalize the mall.

“Our goal is to create a dynamic mixed-use environment that will bring the community together,” Moonbeam CEO Steven Maskin said in a prepared statement. “We are excited to partner with the city of Ocoee and Orlando’s department of economic development and turn West Oaks Mall into a major lifestyle center for the community.”

Last week, it was revealed that Bed Bath & Beyond Inc. (Nasdaq: BBBY) plans to build out a nearly 35,000-square-foot call center, known as the Florida Call Center, bringing 500 jobs to the area, as previously reported by Orlando Business Journal.

Prior to that, the 70,000-square-foot SunPass Centralized Customer Service Center, operated by Xerox Corp., opened last year in a portion of the former Sears, which also was expected to create 500 jobs.

Here's a closer look at what Moonbeam Management has in the works:

Phase 1, which kicked off last summer, includes:

  • Repurposing the former Sears and Belk anchor buildings into large office spaces. West Oaks eventually plans to have nearly 350,000 square feet of office space between the former Belk and Sears buildings, and around 2,500 office jobs will be created.
  • Expanding entertainment and dining options, including GameTime Entertainment Center planned to open by this second quarter and Bates New England Seafood & Steakhouse, scheduled to open in April

Plans for Phase 2 include:

  • Continuing to repurpose the property for other uses and bring in non-traditional mall tenants, such as karate studios, tax preparation and other service providers, medical offices, athletic centers and educational organizations
  • Bring in more traditional dining, entertainment and retail tenants
  • Explore using a portion of the property for multifamily development

Phase 3 may focus on:

  • Converting a major mall entryway and building core into an open-air plaza with a mix of new casual and formal dining options.

Those interested in being involved in the mall's development can contact (702) 968-2474.

 

Deen, K. (2017, February 27). First look: Here's what's in store for West Oaks Mall. Retrieved March 3, 2017, from http://www.bizjournals.com/orlando/news/2017/02/27/first-look-heres-whats-in-store-for-west-oaks-mall.html