FIDELIS IN THE NEWS

TIME IS RIGHT FOR REDEVELOPMENT OF SAN JACINTO MALL

Written by Fidelis | Jul 24, 2015 6:56:00 PM

The recently announced sale of San Jacinto Mall, which Fidelis Realty Partners purchased from Triyar Cos. July 15, lines up with the trend of converting malls to open-air shopping centers and with the increasing growth of Baytown, where the mall is located.

The more than 30-year-old mall is on 107 acres at the southwest corner of Interstate 10 and Garth Road and has never been remodeled or redeveloped. It needs a major overhaul, Fidelis said, something it will undertake in the next three years as it aims to convert the 1.2 million-square-foot mall into a 1-million-square-foot outdoor shopping center. JC Penney, Macy’s and Sears, which anchor the mall and own the real estate and facilities for their stores, will be involved in the redevelopment, a spokesman for Fidelis said, although it’s not clear whether their current facilities will remain in the redeveloped concept.

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