The King of Prussia Mall is nearing a deal to bring new retail and entertainment to the former JCPenney building. The 104,065-square-foot space, vacant since JCPenney closed in 2017, is on the mall’s north side. Mall owner Simon Property Group has considered multiple redevelopment options over the past eight years, including a hotel, office buildings, residences, and a park, as well as converting the space for medical use—none of which materialized.

In June 2022, Wayfair planned to open its flagship store there, featuring a café, rooftop deck, and bar, but the deal fell through in late 2023. Following Wayfair’s exit, Hart said the mall was negotiating with a retailer for the second and third floors while exploring an entertainment concept for the first.

*Article courtesy of Philadelphia Business Journal

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