U
rban Edge Properties acquired the Sunrise Mall on Long Island four years ago for $29.7 million, but its redevelopment plans remain unclear as tenants continue to leave. The partnership behind the project has yet to reveal its vision for the Massapequa center, despite the impending departure of Macy's, which will vacate 208,000 square feet in the coming months, leaving only a Dick's Sporting Goods store.

    Urban Edge executive Jeffrey Mooallem hopes to make an announcement about the mall's future this year. Locals are uncertain about the site's potential, citing the challenges of repurposing outdated malls amidst growing ecommerce and housing shortages. Possible futures for the mall include conversion into a warehouse or mixed-use apartment building, although Northwell Health's reported purchase of the property has been denied.

    The Town of Oyster Bay does not expect housing to be part of the redevelopment plan, with Supervisor Joseph Saladino stating that the developer has assured the community that residential development is not planned. A zoning change would be required for any residential project. Other partners involved in the 1.2-million-square-foot site include Sagamore Hill Partners and J.G. Petrucci Company.

    At the time of acquisition, the mall's vacancy rate was 35 percent, with anchor tenants including Sears, HomeGoods, and Dave & Buster's. Three years ago, ownership announced that expiring leases would not be renewed to facilitate redevelopment.