As the sales of Montgomery Mall in North Wales, Neshaminy Mall in Bensalem, and Exton Square Mall in Chester County move forward, local developer Michael Markman recalls hearing “tons of chatter” about the fate of those struggling retail centers.

But when it comes to the Franklin Mall, the silence is deafening.

The future of the once-thriving Northeast Philadelphia shopping center — formerly known as Franklin Mills and later Philadelphia Mills — remains uncertain. A relic of its 1990s and early 2000s heyday, the massive complex has seen its value plunge by more than 60% over the past 12 years, with vacant storefronts now dotting its interior. The property entered receivership in September as ownership looks to walk away.

Like the other malls before it, Franklin Mall faces an uphill battle — both in remaining viable as a retail destination and in being repurposed for alternative uses, says Markman, president of BET Investments and a veteran in mixed-use suburban redevelopment.

*Article courtesy of Philadelphia Business Journal

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