Newburgh Mall

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Newburgh Mall
Newburgh Mall.jpg
Main entrance to the Newburgh Mall
Newburgh Mall
Location Newburgh, New York, United States
Opening date1980
DeveloperKravco
OwnerNewburgh Mall Ventures LLC [1]
No. of stores and services46
No. of anchor tenants 3 (2 open, 1 vacant)
Total retail floor area 386,075 sq ft (35,868 m2)
No. of floors1
Website newburghmall.com

Newburgh Mall is a regional shopping center located on NY 300 in the Town of Newburgh, New York, near where Interstate 87 (the New York State Thruway) intersects with Interstate 84. It was opened in 1980 by Kravco property management (later Kravco Simon), which owns King of Prussia Mall outside Philadelphia. The mall has 46 stores and the only anchor store is Office Depot. Bed Bath & Beyond was a former anchor of the mall but the brand had seen a steep decline in recent years. In early 2023 this led to the closure of many of their stores in New York state, including the Newburgh Mall location. There are 2 vacant anchor stores that was once Sears and The Bon-Ton. Original anchors included the now defunct chains Caldor and Howland's (later Steinbach, then Old Navy, now TRACK23). [2]

Old Navy relocated out of the mall in 2011. [3] More than 25 percent vacant since 2009, the mall faced foreclosure in 2012. [4] After operating in foreclosure for several years, the mall was sold at a foreclosure sale for $10 to the holder of its mortgage, Wells Fargo. [5]

In 2017 the mall was sold for $7.7 million. [6]

On August 29, 2022 it was announced that Sears would be closing in fall of 2022 marking the end of era after 43 years as the last original anchor store in the mall as well as the last Sears department store in New York [7] [8] The Closing date for this store was announced 2 days later on August 31, 2022 in a Facebook post with the final day of operation being Sunday, October 16, 2022. [9] [10]

On December 28, 2022, after 50 million dollars in renovations, the Malaysian-based Genting Group Resorts World Hudson Valley Casino, occupying 60 thousand square feet, featuring over 1200 slot machines and video lottery terminals (only the ninth official video lottery facility in New York State), and electronic 82 table games, opened in the Newburgh Mall at the site of the former The Bon-Ton Department Stores in the Newburgh Mall. The arrangement also includes a three million dollar annual payment by the Genting Group to the Town of Newburgh for the rights to host the casino in the township, which includes an annual 500 thousand dollar payment to Newburgh enhance police, fire and ambulance services, according to the Times-herald Record newspaper. The video lottery terminals were previously operated by the Genting Group at Monticello Raceway as a racino. The track remains open, but racino was later closed when the Genting Group opened Resorts World Catskills Casino in Monticello, New York. [11]

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References

  1. ↑ "NEWBURGH MALL VENTURES LLC". opencorporates.com. Retrieved 2022-12-24.
  2. ↑ Directory of Shopping Centers in the United States - National Research Bureau, inc - Google Books. 1992. Retrieved 2012-07-04.
  3. ↑ "Newburgh's loss is Harriman's gain". The Newburgh Advocate. 2011-09-16. Retrieved 2012-07-04.
  4. ↑ Jessica DiNapoli (2012-03-02). "Newburgh Mall facing foreclosure". recordonline.com. Archived from the original on 2012-03-03. Retrieved 26 April 2016.
  5. ↑ "Mortgage-holder wins foreclosure auction of Newburgh Mall". Recordonline.com. September 4, 2014.
  6. ↑ "Newburgh Mall sold for $7.7 Million". recordonline.com. March 31, 2017.
  7. ↑ "Breaking News: TransformCo Closing Sears at Newburgh Mall in Newburgh, New York in Fall 2022". YouTube .
  8. ↑ "Sears List".
  9. ↑ https://www.facebook.com/Sears-Newburgh-NY-2073655376082346 [ user-generated source ]
  10. ↑ "Sears Closing at Newburgh Mall in Newburgh, New York Closing Sunday, October 16th, 2022". YouTube .
  11. ↑ Lana Bellamy (December 29, 2022). "'I love gambling': Players revel in Newburgh Mall casino opening". Times Union. Albany, NY.

41°31′03″N74°04′16″W / 41.517527°N 74.071016°W / 41.517527; -74.071016

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