"Today Loeb Properties announced in a press release their plans to revitalize the old Sears Factory Outlet warehouse space at 2542 Broad Avenue and turn it into a mixed-use development totaling 44,500 square feet. The now vacant warehouse, originally purchased by Loeb in 1995, is across the street from the now vibrant, south side of Broad Avenue which is 100% occupied. Both sides of Broad constitute the Broad Avenue Arts District.
Initial renderings of the repurposing show the warehouse “hollowed out” in the middle for parking on what is now a warehouse floor. Surrounding the parking area will be retail, entertainment, restaurant and even office space for tenants with space needs from 1,700 square feet to 30,000 square feet."