Revamping the Forest Fair Mall: A New Era for Hillman Group
Exciting Transformation of Former Mall Site
The former Forest Fair Mall site is about to undergo a significant transformation, thanks to a collaboration between Hillwood Investment Properties and The Hillman Group. This redevelopment is set to create a state-of-the-art industrial facility, which is a remarkable leap forward for the community.
A New Purpose for an Old Space
The proposed development includes a spacious 715,736-square-foot industrial building. There is also a plan for an expansion pad that allows for an additional 162,000 square feet, providing ample room for growth. With the demolition of the old mall already in progress, construction on this contemporary facility is scheduled to commence soon, paving the way for new opportunities.
Broader Impact on the Community
Ben Davis, Senior Vice President at Hillwood, expressed his pride in this partnership, emphasizing the positive implications for the surrounding areas. The aim is to turn a vacant property into a valuable asset that serves both Forest Park and Fairfield. Hillwood's approach is centered on thoughtful redevelopment that balances the needs of their partners and the local community.
Strategies for Growth
The project aligns with The Hillman Group's ambitious long-term growth strategy. According to Jon Michael Adinolfi, Hillman's President and CEO, this initiative is a significant move toward expanding their footprint and enhancing their ability to serve customers in North America. With deep roots in Forest Park, Hillman recognizes the long-standing significance this site holds.
About Hillwood Investment Properties
Hillwood Investment Properties is a pioneering force in the industrial real estate sector. With an impressive footprint that encompasses 292.7 million square feet across multiple countries, Hillwood is committed to sourcing and developing prime land in areas poised for progress. Their substantial land bank, which can accommodate over 140.9 million square feet for future projects, enables them to cater to evolving market demands effectively.
The Hillman Group: Leading the Way in Solutions
Established as a prominent name in hardware products and solutions, Hillman Solutions Corp. serves a diverse clientele across North America. Their expertise spans a variety of areas, including fasteners, protective gear, and digital services like tag engraving. Hillman's commitment to exceptional customer service and innovative product offerings differentiates them from competitors.
Why This Project is Beneficial
The construction of this new facility is more than just a physical building; it symbolizes a significant investment in the local economy. Hillman’s operational consolidation allows for increased efficiency and improved services, which in turn benefits customers and stimulates job creation.
Future Developments Ahead
The timeline for this project reveals an ambitious plan, with demolition nearing completion and construction slated to begin soon. This marks a vital step in both companies' growth journeys, contributing to the area’s revitalization.
Frequently Asked Questions
What is the purpose of the new facility on the former mall site?
The new facility aims to consolidate The Hillman Group's operations, allowing for improved efficiency and expanded services.
Who is involved in this redevelopment project?
The project is a collaboration between Hillwood Investment Properties and The Hillman Group.
When is construction expected to start?
Construction is scheduled to begin following the demolition of the mall, with plans targeting a mid-2027 completion.
How large will the new industrial building be?
The facility will cover 715,736 square feet, with additional plans for expansion.
What benefits does this redevelopment bring to the local community?
This redevelopment is set to create jobs, stimulate the economy, and transform a vacant space into a productive asset for the community.
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