Providence Town Center : History Wikipedia, the free encyclopedia

Providence Town Center

Shopping mall in Pennsylvania, United States

40°09′55″N 75°28′41″W / 40.1654°N 75.4780°W / 40.1654; -75.4780Opening dateOctober 2009DeveloperBrandolini Companies, Inc.ManagementFinmarc Management Inc. and KPR CentersOwnerFinmarc Management Inc. and KPR CentersNo. of stores and services70Total retail floor area758,000 sq ft (70,421 m²)^[1]Parkingstreet parking, parking lotPublic transit access

SEPTA bus: 99Websiteprovidencetowncenter.com

Providence Town Center is a lifestyle center located near Collegeville in Upper Providence Township, Montgomery County, Pennsylvania. It is located at the interchange between U.S. Route 422 and Pennsylvania Route 29. The Providence Town Center has Wegmans, Movie Tavern, Best Buy, LA Fitness, Dick's Sporting Goods, Michaels, and PetSmart as anchors.

History

Providence Town Center was developed by Brandolini Companies, Inc.^[2] The first phase of Providence Town Center opened in October 2009, consisting of Wegmans and several other large retailers.^[3]

At this time, the center was 73 percent leased and several retailers had pulled out of plans of opening stores at the center because of the Great Recession that was occurring. These issues caused the second phase of the Providence Town Center to be delayed.^[3]

Movie Tavern opened at the Providence Town Center in spring 2011. By this time, more retailers started showing interest in opening at Providence Town Center.^[4]

In 2012, work on the second phase of Providence Town Center took place, adding several new retailers and restaurants.^[4]

In 2022, Providence Town Center was sold by Brandolini Companies, Inc. to Finmarc Management Inc. and KPR Centers for $161.75 million.^[2]

References

^ "Providence Town Center" (PDF). Brandolini Companies, Inc. Archived from the original (PDF) on February 1, 2014. Retrieved January 20, 2014.
^ ^a ^b Kostelini, Natalie (February 18, 2022). "Providence Town Center in Collegeville sells for $162M". Philadelphia Business Journal. Retrieved February 19, 2022.
^ ^a ^b Mastrull, Diane (November 8, 2009). "A vacant village". The Philadelphia Inquirer. Retrieved January 20, 2014.
^ ^a ^b Kostelini, Natalie (March 30, 2012). "Providence Town Center closing in on leasing goal". Philadelphia Business Journal. Retrieved January 20, 2014.