2023 Spring Issue - 106
Williamson, an architecture professor at the City University
of New York and coauthor of the 2021 book
Case Studies in Retrofitting Suburbia. As a result, it
can become " kind of an island in a sea of land that's
owned by another entity. "
Texas-based developer Centurion American had
to navigate those and other challenges when it set
out to remake Collin Creek Mall in Plano, Texas, near
Dallas. When the mall opened with great fanfare in
the early 1980s, it attracted shoppers from as far
away as Oklahoma. But two decades later, it was in
decline when Centurion American bought the main
mall building and one of its department stores, says
Centurion American vice president Rob Romo. The
firm then had to make separate deals to buy several
other stores and worked out a complicated arrangement
with the last remaining major retailer, which
under its operating agreement had to approve any
redevelopment plans. Centurion American agreed to
provide another site and pay for construction of a
The Witmer, Kimco Realty's
26-story, 440-unit luxury
apartment building, towers
over Pentagon Centre,
which provides residents
with plenty of retail options,
from Best Buy to Costco. In
addition to the convenient
location near downtown
Washington, D.C., the
building also features a
state-of-the-art fitness
center, a rooftop pool, and
other upscale amenities.
new store, before the retailer's bankruptcy led it to
sell the land outright.
Getting complete control of a mall site is the biggest
challenge, Romo says. " It doesn't matter if you
have two or three, or all of them except for one; that
last party effectively has equal control over the site. "
" If there is a more complicated real estate play
than a regional mall, I don't know what it is, " says
Peter Braster, director of special projects for Plano.
Centurion American also had to deal with the
problem of what to do about an aging stormwater culvert
system that ran through the site. Initially, the city
wanted to replace it, which could have delayed the
mall redevelopment by years, until Centurion American's
engineers came up with a way for Plano to reinforce
the existing culverts instead, Romo recalls.
It was not until those issues were resolved that
Centurion American could proceed with its plan to
convert the mall to a mixed-use community in which
it retained the core mall and 325,000 square feet
106
URBAN LAND SPRING 2023
KIMCO REALTY
2023 Spring Issue
Table of Contents for the Digital Edition of 2023 Spring Issue
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2023 Spring Issue - Cover3
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