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Acropolis Development to help redevelop Macy’s property at Great Northern Mall

By Eric Reinhardt

Date:

Great Northern Mall
The former Macy’s location at Great Northern Mall in Clay will soon become the Shoppes at Great Northern. A subsidiary of Miami, Florida–based Lionheart Capital, LLC purchased the property and has chosen Syracuse–based Acropolis Development to lead the project that redevelops the location. (Eric Reinhardt / BJNN)

CLAY, N.Y. — Syracuse–based Acropolis Development will help to redevelop the former Macy’s property at the Great Northern Mall as the Shoppes at Great Northern.

Acropolis Development says it has been selected as Lionheart Capital’s partner in the redevelopment of the former Macy’s property at 4081 Route 31 in Clay.

Acropolis Development is located at 247 W. Fayette St. in Syracuse. Owner Steve Case is working with Rich Lickfield and Robert Zaccaria in overseeing leasing and management of the property, according to a news release.

Out of the Box Ventures, LLC, a subsidiary of Lionheart Capital, LLC, acquired the property earlier this year. It purchased the property for $945,000, Lowry Brescia, director of strategic initiatives at Lionheart Capital, tells BJNN.

Miami, Florida–based Lionheart Capital is a real-estate investment and development firm “whose principals have been involved with the successful acquisition, development, repositioning and disposition of real estate assets totaling over $4 billion in the United States, Brazil, China and the Caribbean,” according to the Acropolis news release.

The project at the former Macy’s property will include two full-service restaurants, three fast-casual dining restaurants, a “large-format entertainment component,” and some “higher-end” retail stores.

The property spans “some 88,000 square feet in total,” Acropolis said.

“The brand, the Shoppes at Great Northern, is intended to emphasize the project’s status as a standalone development while acknowledging its history and connection to a well-known Syracuse–area landmark. With exterior entrances and signage, it will shop like an outdoor lifestyle center with the added convenience of interior common area connecting the tenant spaces to themselves and to the existing mall during Syracuse winters,” Lickfield said.

Contact Reinhardt at ereinhardt@cnybj.com

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