The Granite Run Mall is a about to get a new lease on life as a $120 million, mixed-use development called the Promenade at Granite Run, writes Suzette Parmley for the Philadelphia Inquirer.

Horsham’s BET Investments is planning to transform the defunct mall with a bold development plan that includes entertainment, apartments, walking paths, and even healthcare. The plan proposes retail outlets on the ground floor accompanied by a Frank Theatres CineBowl & Grille on the second floor.

The newly developed space will also have 400 apartments and a 7,000-square-foot Children’s Hospital of Philadelphia pediatric office. The idea for the transformation follows the recent trend across the country of converting struggling malls into mixed developments to give them a much-needed boost.

“I would call it a new beginning,” said Michael Markman, president of BET Investments. “The redevelopment of the former Granite Run Mall represents the first major transformation of a tired, old suburban mall into a vibrant, mixed-use, entertainment, restaurant, shopping, and residential complex in the Philadelphia region.”

Read more about the Promenade at Granite Run in the Philadelphia Inquirer by clicking here.