The owners of WestShore Plaza have acquired the Macy’s department store, which serves as an anchor for the mall. The purchase price was $10 million for this 235,198-square-foot building situated on 1.95 acres.
According to a report from the Tampa Bay Business Journal, this acquisition is part of a larger plan that has been in progress for almost ten years by WPG (Westfield Property Group). Their ultimate goal is to redevelop the area and they have already acquired other properties such as Sears store, Seasons 52 restaurant and Bank of America branch. In total, WPG now controls over 50 acres at Westshore and Kennedy Boulevards intersection. Recently in October, Dick’s Sporting Goods moved out of its location at WestShore Plaza to open a new Dick’s House of Sport at International Plaza.
WPG has big plans for redevelopment which includes mixed-use development spanning over 3.5 million square feet with various components like entertainment venues, retail stores,dining options , office spaces , wellness centers , medical facilities , hotels and residential units .
Despite being sold off recently,Macy’s will continue operating normally without any changes made by WPG .
