GREENSPOINT — Demolition equipment is busy at Greenspoint Mall, tearing down the old J.C. Penney store to make room for the beginning of construction on the new 20-screen movie theater.
This is part of a comprehensive plan to rehabilitate the mall, known as the Renaissance Plan. The project is being undertaken by the mall owner, TriYar Properties of Los Angeles, and the Greenspoint Redevelopment Authority. The Authority plans to commit $8 million of TIRZ funds to amenities and improvement in the outdoor public areas, while the mall owner intends to commit $24 million and build the new theaters, restaurants, and shops in the area to the east of the current entrance to the food court.