Forrestal Village

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Facts and statistics
Forrestal Village

Location	Princeton, New Jersey, USA
Opening date	1986
Management	Gale Real Estate Services Company
No. of anchor tenants	2
Total retail floor area	720,000ft²
Parking	Surface Lot and Parking Garage
Website	PrincetonForrestalVillage.com

Forrestal Village is a 720,000 square foot, 52 acre mixed-use retail and office complex in Princeton, New Jersey along Route 1. It is just north of Princeton University's Forrestal campus, whose name it is derived from. The center is anchored by Can Do Fitness (an upscale chain of fitness centers in the northeast) and a Westin hotel. In recent years, it has suffered a sharp decline, turning into a dead mall. Renovations and rebranding as an "office" complex are underway to bring customers back. The center has spawned some development in the area, including an adjecant office complex and and several apartment and condo communities, including Princeton Windrows, which is right across the street.

1 History and Decline
2 Revitalization
3 References
4 External links

[edit] History and Decline

Princeton Forrestal Village broke ground in 1986 on land leased from Princeton University, at Route 1 and College Farm Road. A cloverleaf interchange was completed at the intersection to ease the congestion of the then-planned center. The center's developer ultimately paid for the intersection after a two year battle against the Robert Wood Johnson Foundation.^[1]

When it opened, it contained nightclubs, several restaurants, a Marriott hotel, an indoor food court, and many upscale stores, all set up in a, open-air Main Street-style village area. ^[2]

Since the area was surrounded by competitors, such as downtown Princeton , Palmer Square, and the Quaker Bridge Mall, it wasn't as successful as planned. As many of the upscale tenants moved out, the owners brought in Outlet stores and the Forrestal Village became an Outlet mall. The concept was successful up until about the late 90's, when the mall became almost empty.

[edit] Revitalization

By the late 90's, the center was almost dead. Some changes were made, including the opening of the Tre Piani restaurant and a new office building on the site.

In 2003, the owners, The Praedium Group, sold the center for $39.6 million to the Gale Company. ^[3] In 2007, the mall rebranded itself as mainly an office and professional complex with some retail stores, mainly for the office workers. By that time, the Marriott was replaced with a Westin. The first change was the Can Do Fitness, which opened up in the 60,000 square foot "Market Hall" building, which includes a Koi Spa, physical therapy center, nail salon, and other small retail stores inside. Also, Luxe Home, a furnshings store, relocated to the center from Princeton's Palmer Square.

Several restaurants, such as the Salt Creek Grille and Ruth's Chris Steak House have also opened. The food court, which was relocated from the Market Hall to an area in the main retail area, only has two current tenants, Subway and Teryaki Boy. Most of the other tenants in the retail spaces are offices and services.