University Mall rehab continues

RD Management LLC knew when it purchased Tampa's University Mall in late 2014 that revamping the retail hub would be a long journey.

Like many aging enclosed centers, the 42-year-old mall has struggled with tenant losses, changing buying habits, the advent of online shopping and aggressive competition.

But following its $29.5 million purchase from the Lone Star Funds, of Texas, the New York-based retail owner has taken several key steps in its effort to rehabilitate the 22 E. Fowler Ave. property, anchored by Macy's, Burlington Coat Factory, Sears, Victoria's Secret and Aeropostale.