Macy’s at Plymouth Meeting Mall May Survive Chopping Block

As we have previously reported, Macy’s is planning to close 100 stores after the holiday season and one of the stores on the chopping block is the one in the Plymouth Meeting Mall. While Macy’s hasn’t come out and said that, commercial real estate brokers are reported to be actively shopping the store’s space in Plymouth Meeting.

There was an article on over the weekend that suggests that the store may survive. From the article:

The Macy’s stores at Plymouth Meeting and Moorestown Malls were identified earlier this year by top brokers as being on the endangered list after they were tapped by mall owner Pennsylvania Real Estate Investment Trust (PREIT) to begin the search for replacement tenants.

A PREIT spokeswoman said last week that the situation remains fluid, and that one of the two Macy’s could remain open.

So it sounds like there is a chance the Macy’s may survive in Plymouth Meeting. More to come.