The Lycoming Mall to Become The District at Lycoming Valley
A new community concept coming to Lycoming County
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The Lycoming Mall is set to begin its transformation into a contemporary, mixed-use commercial community. Today, the new owners and developers of the former mall, Famvest XII - Lycoming Mall, LLC (Famvest), unveiled the name of their highly-anticipated redevelopment project, "The District at Lycoming Valley."
“We are pleased to officially announce that the Lycoming Mall will be known as, The District at Lycoming Valley, a transformative redevelopment of the over 100-acre property that will create a dynamic and versatile mixed-use community,” stated Jon Jahanshahi, President of Famvest.
The project will breathe new life into the nearly vacant retail center that has seen a steady decline over the past several years. With its modern and vibrant design, this redevelopment project seeks to create a dynamic and versatile multi-use live, work and shop destination that does not currently exist in the region. "The inspiration for the new name came from us wanting to find the right words to attract new businesses and patrons to a destination of exciting change and newfound prosperity, and we landed on "The District at Lycoming Valley," added Jahanshahi.
“This project is particularly special to me as a resident of Muncy Township. The Lycoming Mall was a central retail and social hub that brought business and people together for decades, and now we can continue that legacy with a modern, mixed-use community,” expressed Jahanshahi.
The redevelopment of The District at Lycoming Valley will enhance the local economy but also provide numerous employment opportunities. The existing and proposed developments are expected to generate hundreds of full- and part-time jobs, catering to the expanding community while bringing new amenities and experiences to the area.
"This type of community is something we are seeing in many other thriving markets," says Jason Fink, President/CEO of the Williamsport/Lycoming Chamber of Commerce. "The redevelopment of the former mall site has been a priority for the Chamber and other stakeholders as we believe it will attract new businesses currently absent from our region."
The District at Lycoming Valley hopes to offer a diverse mix of retail/commercial space, healthcare services, housing, and recreational space. With its strategic location, this redeveloped community will serve as a hub for residents and visitors alike, providing a dynamic and engaging environment for them to shop, relax and enjoy. "We are in active discussions with potential tenants and are hopeful that we will be able to share more details on those agreements in the near future," added Jahanshahi.
The Lycoming Mall has received broad support from local and state officials. Famvest is committed to working closely with local stakeholders, government officials, and the community to ensure the successful implementation of The District at Lycoming Valley.
About the District at Lycoming Valley
The District at Lycoming Valley is a 100+ acre redevelopment project at the former Lycoming Mall. www.thedistrictlycoming.com