The Sears site covers more than 15 acres of ground, and the JEDD has been in discussion with Seritage, a real estate investment trust set up by Sears Holdings, in relation to what will come of the property.
“We cannot comment at this time regarding specific plans for the site beyond the current redevelopment of the former Sears Auto Center facility, but we can say that this was not an unexpected decision by Sears and that planning for this transition has been underway for some time,” Snyder said.
In public forums, officials associated with compiling the plan spoke of Sears’ role in the area’s future declining and redeveloping the area surrounding the mall. The first move in the strategy was announced last year when a deal was struck with Outback Steakhouse to convert the closed Sears Auto Center into a restaurant.
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“We have a dynamic and thriving business community and many opportunities moving forward to enhance the District,” Snyder said. “The decision by Sears removes a level of uncertainty regarding the status of the store and will allow planning for the future of the site and its place within Miami Crossing to be accelerated.”
The Sears property was built in 1971.
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