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NEWS ROUNDUP
DEVELOPMENT: SJC Ventures Begins Redevelopment of Former Macy’s Site at Harford Mall. Atlanta-based SJC Ventures is preparing to demolish the former Macy’s building at Harford Mall in Bel Air, Maryland, to make way for Derby Place, a planned 95,000-square-foot mixed-use retail center anchored by Whole Foods Market. The project will include 60,000 square feet of luxury boutiques, restaurants, shops, and amenities. Buch Construction will disconnect the Macy’s building from the remaining mall structure before demolishing it. CBL Properties retains ownership of the rest of Harford Mall and plans to redevelop that portion separately. A separate developer plans to build 249 multifamily apartments at Derby Place, with residential construction anticipated to begin in fall 2026. SJC previously redeveloped the mall’s former Sears property into Shops of Harford Mall, completed in 2024.
NEW TO MARKET: Parkway Plaza, a 161,186 SF Grocery-Anchored Center in Durham, North Carolina. Parkway Plaza is a 161,186-square-foot shopping center at 4215 University Drive in Durham, North Carolina. The center is anchored by The Fresh Market and At Home.
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