Macerich Co., owner of Green Acres Mall in Valley Stream, on Thursday announced the first six stores and restaurants that will set up shop at Green Acres Commons, a new $83.7 million retail center to be built adjacent to the mall.
The company held a groundbreaking for the Commons Thursday morning.
Ashley Furniture HomeStore, BJ's Restaurant & Brewhouse, Burlington Coat Factory, Buffalo Wild Wings, Dick's Sporting Goods and discount store Five Below are all expected to open in fall 2016 at the new Commons shopping center.
Santa Monica, California-based Macerich is also working on $79 million worth of improvements at the existing mall, including changes to the facade, the addition of street-side entrances to stores and the replacement of an aging roof. Mall improvements, which were provided tax benefits from the Hempstead Industrial Development Agency in December, are expected to take 15 years to complete. In May, the company was granted IDA benefits for the development of the Commons, a Macerich spokeswoman said.
The Commons, a two-story, 335,000-square-foot development, replaces the former Sunrise Multiplex Cinemas. Macerich acquired the movie theater a year after buying the Green Acres Mall for $500 million in 2012 from Manhattan-based Vornado Realty Trust.
At the mall, the company has added a two-level Century 21 department store set to open this fall, in addition to a larger H&M clothing store that opened earlier this year.
In a news release, officials with Macerich, which owns more than 50 shopping centers including the Queens Center Mall, said the addition of the Commons will increase the appeal of the mall among surrounding suburban shoppers.