Mall owner Forest City Enterprises is “close to finalizing a deal with Macy’s” to allow the process to move forward and the company to begin applying for permits from the county, according to Forest City spokesman Gary McManus. Securing a deal with Macy’s, one of the mall’s “anchor tenants,” was one of the last impediments to the long-awaited redevelopment.
Forest City is planning to recast the mall as Ballston Center, building more than 300 apartments on top of a renovated shopping center and adding office space. As part of the redevelopment, Forest City is negotiating with Macy’s to take over some of the department store’s space. The negotiations were initially expected to take a few weeks after the announcement of the proposed renovations, in February.