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New Shoppes at Parma to include Dick's Sporting Goods, expanded Walmart
9:06 PM, Oct 21, 2013
9:38 PM, Oct 21, 2013
PARMA, Ohio - The owners of the former Parmatown Mall have entered into a public-private partnership that is expected to create 700 construction jobs and up to 2,000 retail and office jobs over the next decade.
Parma City Council and Phillips Edison & Company announced Monday that the development plan for the The Shoppes at Parma will include significant new construction including a new Dick's Sporting Goods, an expansion of the existing Walmart, construction of new retail stores between Dick's and Walmart, and major renovations of the mall's interior, the Marc's strip center and the adjacent four-story medical building.
"We are pleased to announce this major public/private partnership for the redevelopment of this iconic local retail center and we thank the Parma City Council and the city's administration for working so diligently on this agreement," said senior vice president of Phillips Edison's Strategic Investment Fund Roy Williams in a press release.
"We consider The Shoppes at Parma a new era for this legendary retail and community gathering location and we are confident this project will help spur economic growth and opportunity."