The Bala Cynwyd Shopping Center is getting a new name, 'Bala Cynwyd on City Ave,' as part of an $8 million refresh that includes renovating the shops storefronts, reports the PHLBizJournal.
on City Ave." The company's ongoing investment in the 294,000-square-foot property includes upgraded facade aesthetics, common and tenant-designed outdoor dining and gathering areas, as well as pedestrian and vehicular circulation upgrades. Additionally, up to 80 outdoor seats and eight curbside pick-up spaces for tenants are being added to improve convenience for customers.
The 23-acre shopping center, located on City Avenue between Belmont Avenue and Conshohocken State Road, opened in 1955. Federal Realty purchased it in 1993. Current tenants include Acme, Michaels, Olive Garden, LA Fitness, Five Guys and Honeygrow. Federal Realty said it expects to announce additional tenants in the coming months.
, vice president of asset management at North Bethesda, Maryland-based Federal Realty Investment Trust , said"the new name and feel captures the essence of the community and creates a bridge between convenience and accessibility all while keeping its historical integrity.”
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