{"id":1004145882,"date":"2016-06-13T09:43:17","date_gmt":"2016-06-13T17:43:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004145882"},"modified":"2022-03-04T09:16:47","modified_gmt":"2022-03-04T17:16:47","slug":"silver-springs-ellsworth-place-lands-anchor-tenants","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/silver-springs-ellsworth-place-lands-anchor-tenants\/","title":{"rendered":"Silver Spring’s Ellsworth Place Lands Anchor Tenants"},"content":{"rendered":"

By Ioana Neamt<\/em><\/p>\n

\"Ellsworth<\/a>

Ellsworth Place in downtown Silver Spring, Md.<\/p><\/div>\n

Silver Spring, Md.<\/strong>\u2014Rockwood Capital<\/a> and Petrie Richardson Ventures<\/a> (PRV) have announced that all anchor tenant space has been leased at Silver Spring\u2019s Ellsworth Place. The retail center<\/a> is now home to anchor tenants Burlington Coat Factory, Guitar Center, Marshalls, Michaels, Ross, T.J. Maxx and Dave & Buster\u2019s. A grand reopening of the former City Place Mall is scheduled for the fall of 2016.<\/p>\n

Ellsworth Place will house Guitar Center\u2019s fourth D.C. area store, set to open in the spring of 2017. The store will be located on Level Four and include 14,500 square feet of retail space. The new Guitar Center location will benefit from the shopping center\u2019s proximity to one of the region\u2019s largest music venues\u2014The Fillmore Silver Spring\u2014located right across the street.<\/p>\n

\u201cWe are very excited that within the four years of ownership and redevelopment of the property, we have 100 percent leased the anchor tenant spaces at Ellsworth Place,\u201d Terry Richardson, president & COO of PRV, said in a prepared statement. \u201cOur retail center and the entire downtown Silver Spring area have been in the midst of a cultural evolution, now more rapidly morphing into a vibrant urban center frequented by local residents and visitors from across the Greater Washington Region. With our anchors in place, we are on track for a grand reopening before the holidays.\u201d<\/p>\n

The 350,000-square-foot Ellsworth Place is expected to generate roughly $38.4 million in tax revenues over the next two decades. The center will create approximately 807 permanent jobs and 253 temporary jobs during the renovation phase. Ellsworth Place is also projected to generate $175 million in state tax revenues.<\/p>\n

PRV and Rockwood Capital purchased the former City Place Mall back in 2012 and invested in extensive renovation work at the site, including improvements to the common areas.<\/p>\n

Image courtesy of Ellsworth Place<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

PRV and Rockwood Capital will breathe new life into the former City Place Mall in Silver Spring, Md.<\/p>\n","protected":false},"author":192,"featured_media":1004145883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,11,21742,21749],"tags":[],"class_list":["post-1004145882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-midatlantic","category-latest","category-retail"],"acf":[],"yoast_head":"\nSilver Spring's Ellsworth Place Lands Anchor Tenants - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/silver-springs-ellsworth-place-lands-anchor-tenants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silver Spring's Ellsworth Place Lands Anchor Tenants\" \/>\n<meta property=\"og:description\" content=\"PRV and Rockwood Capital will breathe new life into the former City Place Mall in Silver Spring, Md.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/silver-springs-ellsworth-place-lands-anchor-tenants\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-13T17:43:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T17:16:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/377599.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2550\" \/>\n\t<meta property=\"og:image:height\" content=\"1650\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/silver-springs-ellsworth-place-lands-anchor-tenants\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/silver-springs-ellsworth-place-lands-anchor-tenants\/\",\"name\":\"Silver Spring's Ellsworth Place Lands Anchor Tenants - 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