Lubert Adler Partners is under contract to purchase the largely vacant Plymouth Meeting Mall from PREIT and plans to invest more than $100 million to redevelop the 110-acre property into a mixed-use town center. The Philadelphia-based developer aims to transform the site with potential residential units, youth sports facilities and community-focused amenities. The firm has not determined what portion, if any, of the existing 948,000-square-foot mall will be demolished. Lubert Adler would be buying the PREIT-owned portion of the property, which Montgomery County property records show includes at least seven parcels. The sale, expected to close in late January, reflects a broader trend of repurposing struggling malls in the region.
Source: Philadelphia Business Journal; 11/20/2025