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Real estate industry

Millcreek Town Center to Feature Walmart and 160,000 Square Feet of Additional Retail Space

Strategic Insights

— 1 min read

A major milestone has been reached in the development of Millcreek Town Center, a 350,000 square foot open-air shopping center in Millcreek, PA. WS Development and Olympic Realty & Development Corporation have announced the closure of a 42-acre land deal, paving the way for the construction of a new Walmart and 160,000 square feet of additional retail and restaurant space. The project is expected to bring significant economic growth and job creation to the region, with a Walmart store breaking ground this year and leasing underway for the remaining retail space.

Key Takeaways:

  • Millcreek Town Center will feature a 350,000 square foot open-air shopping center with a new 190,000 square foot Walmart store.
  • The project will include approximately 160,000 square feet of additional retail and restaurant space, with space allocations for junior department stores, small shops, and freestanding outparcels.
  • WS Development will serve as the leasing agent for the project, which is expected to break ground this year.
  • Millcreek Town Center is situated to serve the Greater Erie trade area, which has a population of over 300,000 people.
  • The project is expected to bring significant economic growth and job creation to the region.
  • WS Development has a diverse portfolio of over 80 properties, totaling over 17 million square feet of retail space.
  • Olympic Realty & Development Corporation has over 25 years of experience in retail development, with millions of square feet of new retail space throughout the northeastern United States.

Statistics:

  • 350,000 square feet - total size of Millcreek Town Center.
  • 190,000 square feet - size of the new Walmart store.
  • 160,000 square feet - size of additional retail and restaurant space.
  • 42 acres - size of land deal closed by WS Development and Olympic Realty & Development Corporation.
  • $17 million - total square feet of retail space in WS Development's portfolio.
  • 80+ - number of properties in WS Development's diverse portfolio.
  • 25+ - years of experience in retail development for Olympic Realty & Development Corporation.

Sources:

  • WS Development: www.wsdevelopment.com
  • Olympic Realty & Development Corporation: www.olympicrd.com

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