Branch to Redevelop Gainesville Mall

Barchart · 11/26 08:30

Branch Properties plans to reimagine Gainesville’s Lakeshore Mall into a walkable, open-air destination. The mixed-use redevelopment will retain key retail tenants while introducing new residential and retail elements. The first step in the extensive, multi-year planning process is filing the Development of Regional Impact (DRI), which supports community input. 

Originally opened in 1970, Lakeshore Mall currently comprises 492,798 square feet of retail space. Dick’s Sporting Goods and Belk will remain active throughout the process, and Dick’s Sporting Goods will be relocated on the property. At full buildout, Branch proposes 305,444 square feet of retail space, 652 units of multifamily residential units and 38,200 square feet of outdoor community greenspace. Lakeshore will also have the capacity for a hotel and townhomes in future development. 

Branch Properties acquired the asset in 2022 and plans to break ground on the redevelopment in late 2026. Franklin Street’s Len Erickson will handle retail leasing in partnership with Branch Properties.

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