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Washington DC & Mid-Atlantic  + Maryland  + Retail  |  June 9, 2026
Jasmine Kilman
By: Jasmine Kilman

SJC Ventures Plans Derby Place MXU Redevelopment of Former Macy’s

SJC Ventures, an Atlanta-based mixed-use, retail and multifamily development firm, has closed on the former Macy’s at the Harford Mall property and will begin clearing land and starting infrastructure in preparation for Derby Place, a 94,600-square-foot mixed-use center.

The closing marks the second phase of the mall redevelopment for both CBL Properties, a national shopping mall owner, operator and developer, and SJC Ventures. The firm is purchasing the former Macy’s property from CBL Properties.

During the first phase, SJC Ventures purchased and redeveloped the former Sears property at the Harford Mall, turning it into Shops of Harford Mall, which was completed in 2024. The future Derby Place will be anchored by a 35,000-square-foot organic grocer and feature 48,000 square feet of luxury boutiques, restaurants, shops and amenities.

A residential component will also be included at Derby Place, featuring 249 units. Construction is slated to start on Derby Place in summer 2026, with first tenant openings projected for spring 2028.

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SJC VenturesCBL Properties

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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