Franklin Mall in Northeast Philadelphia is under contract for acquisition by Dean Adler. As a result, a large-scale redevelopment plan is moving forward.

The 1.6 million-square-foot property spans 137 acres near Interstate 95 and the Bucks County border. Previously, the mall operated as Franklin Mills before its rebranding as Philadelphia Mills.

However, the property entered receivership in 2024. Consequently, repositioning efforts are now underway to reactivate the site.

Under the proposed plan, a youth sports complex will anchor the redevelopment. In addition, workforce housing, restaurants, and hospitality uses will be introduced.

The plan includes approximately 250 workforce housing units. Meanwhile, a 150-room hotel is also being considered.

A water park concept is being evaluated as part of the entertainment component. Therefore, a destination-style environment is being envisioned.

To support the redevelopment, portions of the existing mall may be demolished. However, some areas will be reused where feasible.

The property benefits from a dense and highly accessible location. As a result, strong regional connectivity supports long-term redevelopment potential.

Discussions with potential partners have taken place. However, no formal agreements have been confirmed.

Ultimately, the project aims to transform an outdated retail property into a modern mixed-use destination.