Moorestown Mall to get a hotel and 1,065 apartments, PREIT says

Mall owner PREIT will lead the development of 1,065 apartments and a hotel at the Moorsetown Mall in South Jersey. After emerging from bankruptcy last year, PREIT aims to diversity the uses of its mall sites with between 5,000 and 7,000 residential units across its portfolio. The company is the largest mall owner in the Philadelphia area.

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