Colonie Center

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Colonie Center
Colonie Center.jpg
Colonie Center
Location Roessleville, New York, United States
Coordinates 42°42′36″N73°48′58″W / 42.71000°N 73.81611°W / 42.71000; -73.81611
Opening dateNovember 1, 1966 [1]
Developer Homart Development Company
Owner KKR & Co. L.P.
Colonie Pacific
No. of stores and services110
No. of anchor tenants 6
Total retail floor area 1,340,610 sq ft (124,547 m2) [2]
No. of floors2 (3 in Boscov's, Macy's, and Regal Cinemas)
Public transit accessAiga bus trans.svg CDTA bus: 1, 117, 125, 190, 355, 905
Website shopatcoloniecenter.com

Colonie Center is a shopping mall located in Roessleville, New York, a suburb of Albany, at the intersection of Central Avenue, Wolf Road, and Interstate 87. Opening in 1966, it was the first enclosed shopping mall in New York's Capital Region. The two-story has mall has an area of 1,340,610 square feet (124,547 m2) and 110 stores as well as a food court. In April 2013, the shopping center was sold to KKR in partnership with Colonie Pacific. [3] [4]

The mall features the traditional retailers Macy's, Boscov's, L.L. Bean, Barnes & Noble, Whole Foods Market, in addition to a 13-screen, stadium-seating, Regal Cinemas & RPX. Previously, the mall housed a Christmas Tree Shops, which closed in 2023.

By 2019, the original Sears auto center had been reconstructed for both BJ's Restaurants and Ethan Allen. [5] In August 2017, Sears announced it would shutter as part of an ongoing decision to eliminate its traditional brick-and-mortar format. A number of potential replacement tenants have reportedly been in the midst of early on discussions with property owner and developmental arm Seritage Growth Properties. According the recent rumours, there have been reports of a Crate & Barrel or Saks OFF 5th, filling in for CTS (Christmas Tree Shops [6]

On June 29, 2023, it was announced Christmas Tree Shops would be shuttering after finding itself unable to satisfy their long-term established debt due to ongoing supply chain shortages. [7]

On July 5, 2023 it was announced that Sierra and Floor & Decor would both be dividing and reconstructing the space which originally had been Sears. [6]

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References

  1. ↑ "Grand Opening Set For Colonie Center". Schenectady Gazette . October 31, 1966. Retrieved March 11, 2010.
  2. ↑ "Colonie Center – Pacific Retail Capital Partners" . Retrieved 2022-12-23.
  3. ↑ DeMasi, Michael (April 9, 2013). "Colonie Center sold to KKR global real estate investment firm". Albany Business Review. Retrieved October 30, 2013.
  4. ↑ "Feldman sells stake in Colonie Center for $4.1M". June 4, 2009.
  5. ↑ "At Colonie Center | Seritage". seritage.com.
  6. 1 2 "Outdoor retailer Sierra, not REI, to open in Colonie Center" . Retrieved 2023-08-02.
  7. ↑ "Christmas Tree Shops to liquidate all stores". Wall Street Journal. June 29, 2023. Retrieved June 30, 2023.
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