Granite Run Mall Gets New Lease on Life

BET Investments has taken the site of the former Granite Run Mall and transformed it into what is soon to be the Promenade at Granite Run. The new 820,000 square foot site will feature 400 apartments along with various retailers and offices. Among those are Frank’s Theatres CineBowl & Grille and a Chidlren’s Hospital of Philadelphia pediatric office.

In addition to the great retailers, the Promenade will also boast many other amenities  for not only the residents but the surrounding community as well.

To view the article from the Philadelphia Inquirer, click here

 

Site of West End Flats Has a Visit with Wescott and his Goat

The infamous  Steve Wescott, the man who is making an incredible 3,800 mile hike from Seattle to Times Square New York with his goat named Miles walked right through Media PA the other day, and right by the future site of the West End Flats. Wescott is walking to raise money to build an orphanage in Nairobi, Kenya and has already raised over $200,000. Good Luck Steve! We hope you and Miles get to New York soon.

For more information on Steve Wescott and Miles please visit http://www.needle2square.com/

or you can track the journey on their Instagram

For more information on our fantastic West End Flats project, please check out our video here

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Former Granite Run Mall Site Demolition Completed

The demolition of the former Granite Run has been completed and BET Investments is beginning construction on a new state-of-the-art Mixed-use Development  consisting of ±830,000 square feet of retail, restaurants, and entertainment and ±400 residential apartment units. BET Investments is pleased to be breathing new life into an incredible community and will continue to update our website with the progress of this exciting project.

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Dicks Sporting Goods : Empire Crossing preps for store openings

Dicks Sporting Goods : Empire Crossing preps for store openings | 4-Traders

07/24/2016 | 09:25 pm

empireJuly 24–BLOOMINGTON — Dick’s Sporting Goods — the catalyst for the transformation of a long-dormant east Bloomington shopping center — will open in mid-August.

Dick’s is among several national brand stores, including PetSmart and DSW, opening at the former Colonial Plaza. Its new name, Empire Crossing, 1608 E. Empire St., reflects its retail rebirth.

Colonial Plaza was anchored by Kmart, which closed in January 2015. That site will house Dick’s, HomeGoods, Five Below and Carter’s Oshkosh B’gosh.

The former Circuit City building, located in the same shopping center but separately owned, has been leased to PetSmart.

Dick’s will open at 9 a.m. Aug. 13 with a two-day celebration. A sign in the window of Five Below said its grand opening is Aug. 5.

“We’re excited to be opening this expanded and enhanced Dick’s Sporting Goods, and really feel it will allow us to better serve athletes, sports fans and outdoor enthusiasts in the community,” said Scott Casey, Dick’s Sporting Goods community marketing manager.

The shopping center had a 77 percent vacancy rate last year when owner BT Bloomington committed to a $10 million renovation for Dick’s.

In exchange, the city established a tax increment financing redevelopment project area that includes the shopping center and covers over 82 acres of taxable property, including the Towanda Plaza shopping center on Towanda Avenue.

“The over $10 million transformational redevelopment of the former Kmart building in the new Empire Crossing shopping center is an excellent example of a public-private partnership and is a clear indication that the city of Bloomington is open for business and is willing to partner with private developers to promote investment across the city,” said Austin Grammer, the city’s economic development coordinator.

“The soon to open 50,000-square-foot Dick’s Sporting Goods store has already provided a boost to the local economy though the employment of many locally based contractors and will result in increased job opportunities and new shopping destinations for area residents as the new Dick’s Sporting Goods store is already drawing additional new national retailers to the city,” he added.

Dick’s originally was located on North Greenbriar Drive in Normal. The new location will enable the sporting goods retailer to improve its footwear section and expand its offering of brand shops.

The new Dick’s store will be staffed with about 60 full time and part-time workers.

Enhancements include expanded brand shops, a women’s studio apparel department, a soccer shop, a lacrosse shop and a baseball shop.

“We also widened the aisles, added additional in-store services and expanded the product assortments,” said Casey.

HomeGoods and Carter’s are expected to open before Oct. 31, according to information shared in April by Michael Markman, president of BET Investments, which manages the shopping center.

DSW-Designer Shoe Warehouse, which signed a letter of intent for lease, isn’t expected to open until April.

Spokesmen for those companies either could not be reached for comment or said they were not ready to announce plans.

PetSmart plans to open its store later this year, said spokeswoman Melissa Wenzel. The 23,000-square-foot site that formerly housed Circuit City has been vacant since early 2009.

A grand opening date has not been determined, she said.

“This is a great success,” said Mayor Tari Renner. “It shows that one of our top priorities is to grow the local economy and create jobs.

“Another reason it is critical is this the face of Bloomington when you come from (Central Illinois Regional Airport),” he added. “What we had was a largely abandoned strip mall. Now we’re going to have a very exciting engine of economic growth.”

Follow Maria Nagle on Twitter: @pg_nagle

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(c)2016 The Pantagraph (Bloomington, Ill.)

Visit The Pantagraph (Bloomington, Ill.) at www.pantagraph.com

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© Tribune Content Agency, source Regional News

© Acquiremedia 2016

Granite Run Mall Comes Down

The Iconic Granite Run Mall comes down paving the way for a new exciting project by BET Investments.

Please check our PROJECT page for updates on the progress of this exciting new

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Montgomery Corporate Center

Dresher, Pennsylvania (January 22, 2016).

BET Investments is pleased to announce that on January 22, 2016 it acquired the Montgomery Corporate Center located at Dryden and Welsh Roads in Dresher, Pennsylvania. The Class A, 4-story office building contains 225,722 rentable square feet on 25 acres and is considered to be one of the premier office buildings in the Suburban Philadelphia market. The primary tenant in the building is Ascensus which currently occupies approximately 170,000 square feet.

The building sits adjacent to 75 acres of raw ground that BET Investments acquired on January 6, 2016. “Together with the Montgomery Corporate Center parcel, we have been able to assemble 100 acres in Upper Dublin Township which has some of the strongest demographics in the Philadelphia suburbs,” stated Michael Markman, President of BET Investments. “We intend to develop the 100 acres to as a mixed use project containing a multitude of uses that compliment the surrounding area.”

For more information contact Michael P. Markman, President of BET Investments, Inc. at (215) 938-7115 or mmarkman@betinvestments.com.