Regency Square

Last updated
Regency Mall
Regency Square Mall (8722185512).jpg
Regency Square entrance, April 2013
Regency Square
Location Henrico, Virginia, United States
Coordinates 37°36′05″N77°34′04″W / 37.601345°N 77.567726°W / 37.601345; -77.567726 Coordinates: 37°36′05″N77°34′04″W / 37.601345°N 77.567726°W / 37.601345; -77.567726
Address1420 Parham Road
Opening dateOctober 16, 1975;45 years ago (October 16, 1975)
DeveloperLeonard Farber
Management Cushman and Wakefield Thalhimer
OwnerThalhimer, Rebkee Co
No. of stores and services60+
No. of anchor tenants 4 (all vacant)
Total retail floor area 820,000 square feet (76,180.5 m2) [1]
No. of floors2
ParkingCovered and parking decks
Website www.shopregencymall.com

Regency Square is an enclosed shopping mall outside of Richmond, Virginia in unincorporated Henrico County, Virginia, United States. Opened in 1975, the mall features a food court and more than 60 tenants, currently with no anchors. Macy's, which had two locations at Regency Square, closed in spring 2016, Sears closed in summer 2017, and JCPenney closed in fall 2020. Forever 21 closed in early 2020 as part of that brand's restructuring plan.

Contents

History

Regency Square opened in 1975. It was developed by Leonard Farber of Pompano Beach, FL [2] in conjunction with local developer E. Carlton Wilton.

At the mall's opening, anchor stores included JCPenney, Sears, Miller & Rhoads and Thalhimer's. Besides the addition of a food court in 1987, the mall remained largely unchanged. [3] After Miller & Rhoads closed in 1990, Hecht's bought the location, along with three other former Miller & Rhoads stores in Virginia, and converted it to a Hecht's. [4] Two years later, the Thalhimer's chain was also acquired by Hecht's, and as a result, the Thalhimer's became a second Hecht's location.

In 1991, Wilton sold the mall to Prudential. Taubman Centers then acquired the Regency Square mall in 1997. [5] A children's play place was added in 2003. [3]

In January 2012, Taubman returned the mall to its mortgage lender to avoid foreclosure on the property. [6] The lender hired Jones Lang LaSalle for management of the property.

In February 2015, Thalhimer Realty Partners and The Rebkee Company, both local companies, bought Regency for 13.1 million. The new owners plan to revitalize the mall while keeping it focused on retail. [7]

In 2016, Macy's closed both of its stores at Regency Square as part of a nationwide closing of 40 stores. [8]

In September 2017, Sears closed its store at Regency Square as part of a nationwide closing of 16 stores. This left JCPenney as the mall's only original anchor. [9]

The same month, an overpass over one of the mall's entrances was demolished, [10] starting work on a 30 million dollar renovation of the mall. It will remove the parking deck on the second story of the mall, making its parking space completely level. Regal Entertainment Group will move into the former Macy's spaces as well. [11]

In September 2019, Forever 21 announced that it would be closing its two-level store at Regency Square after filing for Chapter 11 bankruptcy. [12]

On August 20, 2020, it was announced that JCPenney would also be closing in November 2020 as part of a plan to close 155 stores nationwide which will leave the mall with no anchors left. [13]

On October 10, 2020, Surge Trampoline Park opened in the top floor of the former Macy's North building. [14]

Competition with other malls

Regency Square faced additional retail competition in 2003, when two other malls opened nearby: Short Pump Town Center and Stony Point Fashion Park, the latter also a Taubman property. [15]

Related Research Articles

Carolina Place Mall Shopping mall in Pineville, North Carolina

Carolina Place is a shopping mall located in Pineville, North Carolina, a suburb of Charlotte. The 1,200,000-square-foot (110,000 m2) GLA mall, in the shape of a curve, is anchored by Belk, a Dick's Sporting Goods and Golf Galaxy combo store, Dillard's, and JCPenney.

Crabtree Valley Mall is a regional shopping mall located in Raleigh, North Carolina. At 1,343,109 square feet (124,778.9 m2), it is the largest enclosed mall in the Research Triangle area. Crabtree Valley contains over 200 stores and is anchored by Belk and Macy's.

Hanes Mall is a shopping mall located off I-40 on Silas Creek Parkway between Stratford Road and Hanes Mall Boulevard in Winston-Salem, North Carolina. Hanes Mall Boulevard, the road named after the mall, has become a very high traffic count area with over 250 businesses stretching over 2.9 miles. The mall has 1,558,860 square feet (144,823 m2) GLA and has 3 anchor stores and over 200 tenants in all. The mall's anchor stores are Belk, Dillard's, and JCPenney. There are 2 vacant anchor stores that were last occupied by Macy's and Sears.

Southpark Mall (Colonial Heights, Virginia) Shoppig mall in east-central Virginia, U.S.

Southpark Mall is a shopping mall serving the Tri-Cities, Virginia area, which itself is part of the much larger Richmond-Petersburg metropolitan area.

Thalhimers was a department store in the Southern United States. Based in Richmond, Virginia, the venerable chain at its peak operated dozens of stores in Virginia, North Carolina, South Carolina, and one store in Memphis, Tennessee. Thalhimer's traditions were most notable during the holiday season with visits from the sticker-distributing Snow Bear and, in later years, the arrival of Lego Land at the downtown Richmond store.

Cross Creek Mall

Cross Creek Mall is a regional shopping mall located in Fayetteville, North Carolina, on the 401 Bypass between Morganton Road and the All-American Freeway. The mall contains over 150 stores and covers over 1,000,000 sq ft (93,000 m2). of retail space. Its anchors include Belk, Macy's, and J. C. Penney. The mall is owned by CBL & Associates Properties.

White Marsh Mall Shopping mall in White Marsh, Maryland

White Marsh Mall is a regional shopping mall in the unincorporated and planned community of White Marsh, Maryland. It is one of the largest regional malls in the Baltimore metropolitan area, with 6 anchor stores and 134 specialty shops in 1,200,000 square feet (110,000 m2). The mall is anchored by JCPenney, Macy's, Macy's Home Store, Boscov's, and Dave & Buster's. White Marsh Mall is the fourth largest mall in the Baltimore area, behind Towson Town Center, Arundel Mills Mall and Annapolis Mall. It is adjacent to an IKEA store and The Avenue at White Marsh shopping center.

Short Pump Town Center

Short Pump Town Center is an open-air shopping mall located in the Short Pump census-designated place (CDP) of unincorporated Henrico County, Virginia on West Broad Street, approximately 1 mile (1.6 km) west of I-64, exit 178A/B. This area of Henrico County is called The West End and is northwest of Richmond. Short Pump Town Center is home to many restaurants and stores including Macy's and Dillard's.

Miller & Rhoads was a Virginia-based department store chain. Throughout its 105-year lifespan, the store played an active role in the Richmond, Virginia community, along with its friendly cross-street rival Thalhimers. The Richmond flagship location was known for its "SantaLand" upstairs attraction, which has since become an attraction at the Children’s Museum of Richmond. In 1987, Campeau purchased Miller & Roads and later sold it to Philadelphia developer Kevin Donohoe and store management before closing in 1990.

Valley View Mall (Roanoke, Virginia) Shopping mall in Virginia, United States

Valley View Mall is a 800,000-square-foot (74,000 m2) regional shopping mall located in the Roundhill neighborhood of Roanoke, Virginia. It is located near the interchange of Interstate 581/U.S. Route 220 with Hershberger Road in the northwest section of the city.

Fairlane Town Center Regional shopping mall in Dearborn, Michigan

Fairlane Town Center is a super-regional shopping mall in the Detroit suburb of Dearborn, Michigan. Its anchor stores are Macy's and JCPenney. The mall includes an AMC Theatres multiplex, as well as H&M and Forever 21 among major stores. The mall is adjacent to the former Hyatt Regency Dearborn and former Ritz Carlton hotels, the University of Michigan–Dearborn, Henry Ford Community College, The Henry Ford, and the Ford Motor Company headquarters, who has offices occupying a wing of the mall itself.

Lynnhaven Mall

Lynnhaven Mall is an enclosed super-regional shopping mall in Virginia Beach, Virginia, USA. It opened in August 1981. At 1,170,000 square feet (109,000 m2) of gross leasable area, it is the largest mall in the Hampton Roads metropolitan area of southeastern Virginia and one of the largest malls on the East Coast. The mall contains more than 180 stores, including Dillard's, JCPenney, and Macy's as main anchor stores. Other stores and junior anchors at the mall include Apple, Barnes & Noble, Dick's Sporting Goods, L.L. Bean, XXI Forever, H&M, and Old Navy. Dave & Busters is also a recent addition to the mall and region. An 18 screen AMC Theatres complex anchors an open-air pedestrian plaza. The mall is managed by Brookfield Properties Retail Group of Chicago, Illinois.

Virginia Center Commons Shopping mall in Virginia, United States

Virginia Center Commons (VCC) is the Richmond area's third newest mall and the last to be built indoors to date. It is located in northern Henrico County along U.S. Route 1 near the intersection of Interstate 295. VCC is the closest mall to many parts of the Richmond region, such as Mechanicsville, Ashland, and the city of Richmond's North Side. The anchor stores are American Family Fitness, Burlington, and JCPenney.

Valley Mall (Hagerstown) Shopping mall in Halfway, Maryland

Valley Mall is a super-regional shopping mall serving Hagerstown, Western Maryland and nearby communities in West Virginia and Pennsylvania. Valley Mall is the only indoor mall in the Hagerstown Metropolitan Area since the other closed, Martinsburg Mall. Anchor stores include Belk, Dick's Sporting Goods, JCPenney, Onelife Fitness, and Tilt Studio.

Peninsula Town Center is an open air mixed-use development located in the Coliseum Central Business improvement district of Hampton, Virginia in the Hampton Roads region. The Town Center is located on the site of the original Coliseum Mall, an enclosed facility constructed in 1973 by Mall Properties Inc. of New York, its only owner. At 991,000-square feet, Peninsula Town Center is the largest redevelopment project in Hampton's history. Mall Properties has teamed with Steiner + Associates, which developed Easton Town Center in Columbus; Zona Rosa in Kansas City; The Greene Town Center near Dayton; and Bayshore Town Center near Milwaukee to create Peninsula Town Center.

Greenbrier Mall is a nearly 900,000 sq ft (84,000 m2) regional mall in Chesapeake, Virginia, United States in the Hampton Roads metropolitan area. The mall has a hillside terrain, with entries on both upper and lower levels. It serves communities on the east coast in the states of Virginia and North Carolina.

Chesterfield Towne Center Shopping mall in Chesterfield County, Virginia

Chesterfield Towne Center is an enclosed shopping mall located in the Richmond, Virginia metropolitan area in unincorporated Chesterfield County, Virginia. It opened in 1975 and features five anchor stores: At Home, JCPenney, Macy's, and a combination TJ Maxx/HomeGoods, with one vacant anchor last occupied by Sears.

Military Circle Mall Shopping mall in Virginia, United States

Military Circle Mall, known as The Gallery at Military Circle Mall from 2002 to 2015, is an enclosed shopping mall in Norfolk, Virginia. Opened in 1970, it lost three anchors in the 2010s: Sears, JCPenney, and Macy's. It now features Ross Dress for Less. In October 2016 the Virginia Beach City Council rejected plans for an oceanfront arena. This vote triggered discussions for the Military Circle area to include the construction of a 20,000 seat multi purpose arena. However, rising city debt and other priorities appear to negate any near-term plans for a new arena to the area.

River Ridge Mall is an enclosed shopping mall in Lynchburg, Virginia. Opened in 1980, the mall features JCPenney, Belk, and Regal Cinemas as its primary anchors, with Jo-Ann Fabrics, T.J. Maxx, and Planet Fitness serving as secondary anchors. Three restaurant outparcels include Red Lobster, Taco Bell, and a local restaurant named Shakers, with a fourth outparcel being Salem, Virginia-based Kemba Roanoke Federal Credit Union. A Residence Inn by Marriott is the mall's first on-site hotel.

Cloverleaf Mall was an enclosed shopping mall located in Chesterfield County, Virginia on U.S. Route 60 just west of State Route 150. The mall opened in 1972 and featured two anchor stores, J. C. Penney, and Sears. A third anchor, Thalhimers, opened a year later.

References

  1. ↑ "Leasing information". Taubman Centers.
  2. ↑ Jr, Harry Kollatz (Feb 2, 2015). "Family Values". richmondmagazine.com. Retrieved Nov 29, 2019.
  3. 1 2 http://www.accessmylibrary.com/coms2/summary_0286-8865008_ITM
  4. ↑ "Hecht's to open 4 units - former M&R Stores. (department stores Hecht's, Miller and Rhoads) - Daily News Record | HighBeam Research". Oct 22, 2012. Archived from the original on October 22, 2012. Retrieved Nov 29, 2019.
  5. ↑ HighBeam [ dead link ]
  6. ↑ "Lender Reclaims Va. Mall After REIT Drops $72M Mortgage". Law360 . January 5, 2012.
  7. ↑ Times-Dispatch, CAROL HAZARD Richmond. "Regency Square mall on cusp for major redevelopment". Richmond Times-Dispatch. Retrieved Nov 29, 2019.
  8. ↑ HALLMAN, RANDY. "Macy's closing three stores in Richmond - at Regency Square and Virginia Center Commons". Richmond Times-Dispatch. Retrieved Nov 29, 2019.
  9. ↑ GILLIGAN, GREGORY J. (June 6, 2017). "Sears to close Regency Square store in Henrico County". Richmond Times-Dispatch .
  10. ↑ "Bulldozers dig in for Regency Square revamp". Sep 12, 2017. Retrieved Nov 29, 2019.
  11. ↑ "Regency Square Mall getting facelift, new anchor". Jun 12, 2017. Retrieved Nov 29, 2019.
  12. ↑ Gilligan, Gregory J. (November 1, 2019). "Large tenant closing store at Regency mall; 320-unit apartment complex planned for former Sears store". Richmond Times-Dispatch. Richmond, Virginia: Berkshire Hathaway . Retrieved February 3, 2020.
  13. ↑ https://richmond.com/business/j-c-penney-plans-to-close-two-stores-in-virginia-including-one-in-henrico-county/article_edc0431b-c276-5400-a3e4-c1be2cdf3bb3.html
  14. ↑ https://richmondbizsense.com/2020/10/09/regencys-first-new-anchor-an-indoor-trampoline-park-co-owned-by-drew-brees-opens-saturday/
  15. ↑ Gilligan, Gregory J. (2003-09-03). "Richmond, Va., Developer Sees Massive Retail Center Idea to Completion" . Retrieved 2008-11-03.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.