Park Place (Tucson, Arizona)

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Park Place
ParkPlace mallentrance.jpg
Park Place main entrance, 2006
Park Place (Tucson, Arizona)
Location Tucson, Arizona, United States
Coordinates 32°13′10″N110°51′56″W / 32.2195°N 110.8655°W / 32.2195; -110.8655
Address5870 East Broadway Boulevard
Opening dateMay 1975, reopened in 2001
DeveloperJoseph Kivel
ManagementPacific Retail Capital Partners
OwnerPacific Retail Capital Partners
No. of stores and services125
No. of anchor tenants 7 (6 open, 1 vacant)
Total retail floor area 1,100,000 square feet (100,000 m2)
(GLA)
No. of floors1 (2 in anchors)
Website www.parkplacemall.com

Park Place is a large indoor shopping mall located on the East Side of Tucson, Arizona, United States. The anchor stores are Century Theatres, Dillard's, Round 1 Entertainment, Total Wine & More, Ulta Beauty, and Old Navy. There is 1 vacant anchor store that was once Macy's

Contents

History

Grand opening of the Sears department store before the build out of Park Mall on E. Broadway Road in Tucson on Sept. 1, 1965. Facing Southeast Sears department store Sept 1. 1965.jpg
Grand opening of the Sears department store before the build out of Park Mall on E. Broadway Road in Tucson on Sept. 1, 1965. Facing Southeast

Park Place was originally dedicated as Park Mall in May 1975, [1] but was renovated beginning in 1998 and renamed Park Place the following year. [2] The mall is named after Sears Park, which was previously located at the same site and included what was originally a standalone Sears store (which first opened in the fall of 1965), which became the current mall's major anchor (the "Sears Park" linear park site is presently limited to its extreme southern and western portion). [3] The original stores that opened along with Sears were additional anchors The Broadway (became Macy's in 1996), Furr’s Cafeteria, Mann Theatres, and Diamond's (became Dillard's in 1986), as well as 51 other stores. In 2015, Sears Holdings spun off 235 of its properties, including the Sears at Park Place, into Sertiage Growth Properties. [4] The Sears store later closed in 2018 as part of the company's ongoing financial woes, and was replaced by a Round1 in October 2019. [5] The electric substation on the premises is named Sears Substation because it was there a decade before the mall was built. From 1970 to 1996 the owner was the mall's original developer, Joseph Kivel.[ citation needed ] On May 28, 2020, it was announced that Macy's would be closing in late 2020. [6] After Macy's closed, Dillard's became the only traditional anchor store left.

In the summer of 2023, the mall was under new ownership and management as the mall was sold to Pacific Retail for $87 million from Brookfield Properties.

Renovation

The 1,100,000-square-foot (100,000 m2), [7] $100 million renovation, [8] completed in 2001, was recognized that year as a Reader's Pick for Best Contemporary Architecture in Tucson Weekly's Best of Tucson awards. [9] The renovation included the addition of an Old Navy, Borders, and Abercrombie & Fitch. [9]

The mall features two anchor stores (Dillard's and Round One Entertainment), a food court, a Southwest-themed children's play area, and a cineplex with 20 screens. A number of full-service restaurants are also located on site.[ citation needed ]

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References

  1. ↑ "Two malls part of Kivel's legacy".
  2. ↑ "Park Mall floor to hide time capsule until 2040".
  3. ↑ "Google Maps".
  4. ↑ "At Park Place | Seritage".
  5. ↑ Foster, Bud. "Sears to be replaced by Round1, an entertainment venue". KOLD-TV . Retrieved 18 October 2018.
  6. ↑ "Macy's at Park Place is closing, liquidating inventory".
  7. ↑ "General Growth Properties Announces 16% Increase in Funds From Operations For Third Quarter 2001". Financial Releases. General Growth Properties. 2001-10-30. Archived from the original on 2007-02-23. Retrieved 2007-04-14.
  8. ↑ Burchell, Joe. "Rio Nuevo plan adds El Con, Park malls". Arizona Daily Star. Retrieved 2023-03-17.
  9. 1 2 "Best Contemporary Architecture: Readers' Pick". Best of Tucson 2001. Tucson Weekly. 2001. Retrieved 2007-04-14.
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