Instead of being turned into affordable housing, the Freehold Mall is about to get a really big makeover with a major store set to move in.

Listen to Matt Ryan weekday afternoons on 94.3 The Point and download our free 94.3 The Point app.

Alex Reizner, managing partner of Aspen Real Estate told David P. Willis, the man on the pulse of "What's Going There" with the Asbury Park Press that within a year the mall will have a new facade, new roof, and plenty of new tenants. Reizner also added that the parking lot will get a much-needed upgrade with new lines and lighting.

Food chain Aldi will continue its expansion in Monmouth County with a new store slated for Freehold Mall.

According to APP,  about 70% of Freehold Mall is currently leased. Current tenants include Burlington, Freehold Music Store, Route 9 Farmers Market, and Firestone Complete Auto Care. All of these businesses are expected to remain. This upgrade is probably a long time coming for them. They deserve it for hanging on to a location that has had its issues over the years.

AutoZone has made an agreement to open a location at Freehold Mall. Look for the auto retailer to set up next to Terrace Bagels.

The developer did leave us in suspense when telling the Asbury Park Press:

an unnamed big-box tenant will fit right into the neighborhood.

What could it be? What do you want it to be? Let me know. Matt@943thepoint.com.

By this time next year the beat-up Freehold Mall is expected "to look brand new and beautiful."

HERE ARE SOME STORES WE WANT AT FREEHOLD RACEWAY MALL

 

WHERE DID THEY GO? Here are 50 of your favorite retail chains that no longer exist.