Neshaminy Mall Is Closing This Month for a 250-Unit, Hotel-Anchored Rebuild
Paramount Realty and Edgewood Properties are tearing down most of a 1.1 million square foot Bucks County mall to build apartments, a hotel and 544,000 square feet of new retail.
Neshaminy Mall in Bensalem is closing this month, ahead of a partial demolition that owners Paramount Realty USA and Edgewood Properties announced last month, Bisnow reported. The mall sits on 108 acres along Route 1, about two miles from the Philadelphia city line, and runs roughly 1.1 million square feet. Paramount and Edgewood bought the site from Brookfield Properties in 2024 for $27.5 million.
The redevelopment plan centers on an open air Main Street: 250 apartments, a four story hotel, and 544,000 square feet of new retail built around it. About 238,000 square feet of the existing mall stays standing, and AMC, Boscov's and Barnes & Noble are staying put through construction. No construction schedule has been released yet.
A closing regional mall usually means years of a dead box sitting on a corridor. This one is getting rebuilt with live uses attached before the wrecking ball even starts, apartments and a hotel landing rooftops and overnight traffic on a corridor that's mostly been shrinking. Landlords and retailers near Street Road and Route 1 should watch this site now, before the first 544,000 square feet of new retail gets marketed.
Source: Bisnow
Why it matters
A Bucks County mall closing this month is getting rebuilt with apartments, a hotel and new retail attached. Position for the leasing that follows before it's announced.
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