Developer of local mall has big plans
The prospective owner of a mall in downtown Burlington, Vt. has some big plans to bring some big-name retailers to town. Devonwood Investors of New York City is set to close on the Burlington Town Center mall next week. Devonwood plans to add a new anchor tenant, such as L.L. Bean, to draw more shoppers to the area.Formerly confidential records obtained by the Burlington Free Press also make mention of expanding the mall to accommodate a big-box store and names Target as an example. In its memo filed with the city, Devonwood also says it is contemplating a hotel with meeting and conference facilities. The closing is scheduled for Dec. 16.