As malls across the country struggle to stay afloat in the face of stiff competition from online retailers, NewPark Mall in Newark is pushing ahead on a $1 billion redevelopment project.
Brookfield Retail Properties, which took over NewPark when it acquired the mall’s previous owner, Rouse Properties, in 2016, wants to redevelop the mall and surrounding land into a vibrant community of apartments, parks, hotels, office space and event centers.
“We want to see the mall repositioned to take it to the next level,” said Terrence Grindall, Newark’s assistant city manager.
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