Granite Run Mall
| Location | Media, Pennsylvania |
|---|---|
| Coordinates | 39°54′58″N 75°25′58″W / 39.916104°N 75.432710°WCoordinates: 39°54′58″N 75°25′58″W / 39.916104°N 75.432710°W |
| Opening date | 1974 |
| Closing date | July 1, 2015 |
| Developer | BET Investments |
| Owner | BET Investments |
| No. of stores and services | 2 (125 at peak) |
| No. of anchor tenants | 2 (3 at peak) |
| Total retail floor area | 1,037,187 square feet (96,357.8 m2) |
| No. of floors | 2 |
| Public transit access |
 SEPTA Bus: 110, 111, 114, 117 |
The Granite Run Mall is a defunct double-level shopping mall in Middletown Township, Delaware County, Pennsylvania, a western suburb of Philadelphia. The mall opened in 1974 and closed in 2015 with the exception of the Boscov's and Sears stores which remain open.
In 2016, the mall is scheduled to be demolished and replaced by Promenade at Granite Run, a mixed-use development consisting of residential, retail, and entertainment, which is expected to open in 2017.
The Granite Run Mall opened in 1974. In 1986, the Gimbels store was converted to Stern's after Allied Stores purchased seven Gimbels locations in the Philadelphia area. In 1989, Stern's closed and was eventually replaced with Boscov's in 1993. In 1998, Simon Property Group and Macerich purchased the mall, with Simon responsible for managing the mall. The Granite Run Mall had a total of 125 stores at its peak.
In the 2000s, The Granite Run Mall saw an increase in vacancies and its owners started exploring options for selling the mall. In February 2011, Simon and Macerich were over 30 days delinquent on the mall's $115 million mortgage, leading to the possibility of a sale or forfeiture of the mall. On April 1, 2011, Simon Property Group gave the mall back to its lender and the lender appointed Madison Marquette as the leasing and management agent. Madison Marquette announced plans to improve lighting, the parking lots, and sidewalks as well as to fill vacancies.
On September 23, 2013, the Granite Run Mall was sold to BET Investments, a real estate development firm owned by Bruce Toll and Michael Markman, at a cost of $24 million. BET Investments intends to convert the mall into a mixed-use development consisting of residential, retail, and entertainment. The initial plans for the redevelopment project would keep the three anchor stores but would demolish the remainder of the mall and replace it with an outdoor shopping and dining area. The plans also included the construction two four-story apartment buildings with a total of 365 units between them. Other features that were planned in the redevelopment included a larger movie theater and standalone restaurants.
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