Rego Center

Last updated

Rego Center
Rego center phase I-1.jpg
Rego Center Phase 1
Rego Center
Location Queens, New York, United States
Coordinates 40°43′59″N73°51′47″W / 40.73306°N 73.86306°W / 40.73306; -73.86306
Address96-05 Queens Boulevard
Opening dateMarch 3, 2010;14 years ago (2010-03-03)
Developer Vornado Realty Trust
ManagementUrban Edge Properties
Owner Vornado Realty Trust
Architect Ehrenkrantz Eckstut & Kuhn Architects
No. of anchor tenants 5
Total retail floor area 270,000 square feet (25,000 m2) (Phase I)
950,000 square feet (88,000 m2) (Phase II)
No. of floors4
Parking1400 [1]
Public transit access BSicon SUBWAY.svg MTA NYC logo.svg New York City Subway: NYCS-bull-trans-M-Std.svg ​ NYCS-bull-trans-R-Std.svg at 63rd Drive–Rego Park
Aiga bus trans.svg MTA NYC logo.svg New York City Bus: Q59, Q88
Aiga bus trans.svg MTA NYC logo.svg MTA Bus: Q38, Q60, Q72
Website regocenter.com

Rego Center is a shopping mall bordered by the Long Island Expressway, Junction Boulevard, Queens Boulevard, 63rd Drive, and 99th Street in the Rego Park neighborhood of Queens in New York City.

Contents

History

The property was originally the only Queens location of Alexander's, a New York City department store. Caldor had bought up the location and was in the processes of opening their store in the fall of 1995 but those plans were stalled when the chain filed for bankruptcy that year. Sears later opened in 1996. [2]

Phase II Rego Center in Rego Park, Queens, New York.jpg
Phase II

Phase II of the mall, which is an annex to the already open Phase I, opened on March 3, 2010 [3] with 950,000 square feet (88,000 m2) of retail space. [4] Costco with 145,000 square feet (13,500 m2), At Home with 135,000 square feet (12,500 m2), and T.J. Maxx have opened. [5] Retailers also include Bed Bath and Beyond, Marshalls, Old Navy and Burlington Coat Factory in Phase I. [4] An Aldi supermarket also opened on level 1 in February 2011. [6] [7] The nearest competitor malls are Queens Center and Queens Place Mall.

As of February 2015, Vornado Realty Trust, the mall's owner, is developing a 24-story, 314-unit residential tower named The Alexander on top of the mall's phase II, due to a surge in young professionals moving into the area. About 20% of the units are studio apartments, with the rest being one- and two-bedroom apartments. [8]

On January 4, 2017, it was announced that Sears would be closing as part of a plan to close 150 stores nationwide. The store closed in April 2017. [9] A year later, in March 2018, Toys "R" Us announced that it would close all of its US stores, including the location at Rego Center. [10] The site was then occupied by a toy store called Toy City, operated by Party City.

On January 13, 2019, Kohl's announced that its store at Rego Center would be closing along with 3 other stores nationwide. The store closed on April 13, 2019. [11]

In September 2019, IKEA announced plans to convert the former Sears into its third New York City location. [12] It opened on January 11, 2021. [13] [14] The IKEA store was severely damaged during Hurricane Ida in September 2021. [15] On October 26, 2022, it was announced that IKEA would be closing this location on December 3. [15] [16] IKEA bought out its lease at Rego Center in February 2024. [17] [18]

On April 24, 2020, it was announced that At Home would be opening in the former Kohl's space in 2021. [19] At Home opened in April 2021. [20]

On September 10, 2020, it was announced that Century 21 would be closing its location as part of a plan to close all 38 stores nationwide. [21] [22] One month later, Century 21 permanently closed its Rego Park store.

On April 23, 2023, Bed Bath & Beyond announced that they filed for Chapter 11 Bankruptcy, and announced that they would close all remaining stores in the United States, including the location at Rego Center. The store closed in July 2023.

Withdrawals

The Home Depot withdrew from the rental deal with Vornado in late 2008 due to drop in profit. [23] The space vacated by Home Depot was replaced by Costco. This is Costco's fifth location in New York City and second in Queens.

In 2005, Walmart had been dropped as a potential tenant, as an early part of its bid to open a store within New York City. Opposition by various groups killed the plan. [24]

Layout

The following layout of retail space is taken from Vornado's Property website. [25]

Related Research Articles

<span class="mw-page-title-main">Sears</span> Department store chain in the United States

Sears, Roebuck and Co., commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago. In 2005, the company was bought by the management of the American big box discount chain Kmart, which upon completion of the merger, formed Sears Holdings. Through the 1980s, Sears was the largest retailer in the United States. In 2018, it was the 31st-largest. After several years of declining sales, Sears's parent company filed for Chapter 11 bankruptcy on October 15, 2018. It announced on January 16, 2019, that it had won its bankruptcy auction, and that a reduced number of 425 stores would remain open, including 223 Sears stores.

<span class="mw-page-title-main">Rego Park, Queens</span> Neighborhood in New York City

Rego Park is a neighborhood in the borough of Queens in New York City. Rego Park is bordered to the north by Elmhurst and Corona, to the east and south by Forest Hills, and to the west by Middle Village. Rego Park's boundaries include Queens Boulevard, the Long Island Expressway, Woodhaven Boulevard, and Yellowstone Boulevard. There is a large Jewish population in the neighborhood, which features high-rise apartment buildings and detached houses, as well as a large commercial zone.

<span class="mw-page-title-main">Potomac Mills</span> Shopping mall in Virginia, United States

Potomac Mills is a shopping mall located in Dale City, Virginia, in the Washington, D.C., metropolitan area. The first mall developed by the Mills Corporation, it was acquired in 2007 by Simon Property Group.

Alexander's, Inc. is a real estate investment trust that owns 7 properties in New York metropolitan area, including 731 Lexington Avenue, the headquarters of Bloomberg L.P. It is controlled by Vornado Realty Trust. It was founded by George Farkas and Louis Schwadron in 1928.

<span class="mw-page-title-main">Oxford Valley Mall</span> Shopping mall in Langhorne, Pennsylvania

The Oxford Valley Mall is a two-story shopping mall, managed and 85.5 percent-owned by the Simon Property Group, that is located next to the Sesame Place amusement park near Langhorne in Middletown Township, Bucks County, Pennsylvania. Its department stores are JCPenney and Macy's.

Wayne Towne Center is a regional shopping center located in Wayne, New Jersey, in the New York City metropolitan area, adjacent to Willowbrook Mall along Willowbrook Boulevard. As of 2008, the mall had a gross leasable area of 653,000 square feet (60,700 m2). The center formerly operated as an indoor shopping mall from the time when JCPenney was built, in the late 1980s, until its de-malling in 2008. The inner portion of the mall, which had one floor has since been demolished.

The Shoppes at South Hills, formerly South Hills Mall, was a shopping mall on U.S. 9, now converted into a strip mall, in the town of Poughkeepsie, New York. The 675,000 ft² plaza opened in 1974 and included two anchors, Sears and Kmart, at opposite ends of the mall. Currently, The Shoppes at South Hills are owned and operated by DLC Management Corporation.

<span class="mw-page-title-main">Freehold Raceway Mall</span> Shopping mall in Freehold, New Jersey

Freehold Raceway Mall is a super-regional shopping mall located in Freehold Township, in the U.S. state of New Jersey. As of 2020, it was the largest shopping mall in Central Jersey and the state's third largest shopping mall, behind Garden State Plaza in Paramus, and American Dream Meadowlands in East Rutherford. It is located off of U.S. Route 9, Route 33 Business, and County Route 537, opposite the Freehold Raceway.

<span class="mw-page-title-main">North County Mall</span> Shopping mall in Escondido, California

North CountyMall is a shopping mall in Escondido, California owned by Steerpoint Capital. The mall features Target, JCPenney, and Macy's, in addition to 24 Hour Fitness.

<span class="mw-page-title-main">Westgate Mall (Massachusetts)</span> Shopping mall in Massachusetts, United States

Westgate Mall is a shopping mall in the city of Brockton, Massachusetts. It is the oldest enclosed shopping mall in the state. Westgate Mall features Best Buy Outlet, Burlington, Dick's Sporting Goods, Liam's Home Furniture, Old Navy, and Planet Fitness. Although Westgate Mall's GLA is small by regional standards, it is also surrounded by numerous adjacent big-box stores including: Walmart, Lowe's, Aldi, Market Basket, Marshalls, and Ocean State Job Lot. These standalone retailers complement the main building, driving increased traffic to the location as a shopping destination.

<span class="mw-page-title-main">Kings Plaza</span> Shopping mall

Kings Plaza is a shopping center within the Mill Basin section of Brooklyn in New York City, New York, United States. Opened in September 1970, it is located at the southeast corner of Flatbush Avenue and Avenue U, just north of Floyd Bennett Field. The mall features the traditional retailers Target, Burlington, Primark, and Macy's. The mall features prominent specialty retailers including Cotton On, Sephora, Guess, Zara, Michael Kors, H&M, and Forever 21. The mall was originally owned by a joint venture between Macy's and Alexander's, and is currently owned and managed by Macerich. With approximately 4,200 jobs in retail services and over 120 individual stores, Kings Plaza is the largest indoor shopping center within the borough of Brooklyn.

<span class="mw-page-title-main">Broadway Mall</span> Shopping mall in New York, U.S.

Broadway Commons is a large shopping mall located in Hicksville, New York, United States. Opened in 1956 as an open-air shopping center called Mid-Island Shopping Plaza, it is currently a regional enclosed shopping center comprising 98 stores, as well as a food court and movie theater. The mall's anchor stores are IKEA, Target and Blink Fitness.

<span class="mw-page-title-main">Cary Towne Center</span> Former shopping mall in North Carolina, US

Cary Towne Center was an indoor shopping mall in Cary, North Carolina. It was anchored by Belk, Dillard's, Macy's, JCPenney, and Sears.

Yuba Sutter Marketplace is a single-level shopping mall located in Yuba City, California, United States, opening on March 7, 1990. It serves as the only enclosed shopping mall within the Yuba–Sutter area. The mall is anchored by Burlington, Hobby Lobby, JCPenney, Planet Fitness and Ross Dress for Less.

<span class="mw-page-title-main">WestGate Mall (South Carolina)</span> Shopping mall in South Carolina, USA

WestGate Mall is a shopping mall in Spartanburg, South Carolina, off Interstate 26 and US Highway 29 on West Blackstock Road in the city's primary shopping market. The regional mall has 954,302 square feet (88,657.6 m2) of retail space and four anchor stores: Belk, Costco, Dillard's, and JCPenney.

<span class="mw-page-title-main">NewPark Mall</span> Shopping mall in Newark, California

NewPark Mall is a 1,161,681 square feet (107,923.7 m2) super-regional mall in Newark, California. Opened in August 1980, it currently houses 119 stores. It serves the Tri-City area. The Mall underwent extensive renovations that were completed in early 2017. Among the additions are a 12-screen AMC movie complex with an IMAX screen and an elaborate new glass-walled restaurant area with views through the entire property.

<span class="mw-page-title-main">The Shops at Nanuet</span> Shopping mall in Nanuet, New York

The Shops at Nanuet is a lifestyle center located in Nanuet, New York. It is located at the intersection of New York State Route 59 and Middletown Road and is also accessible via exit 14 of the New York State Thruway. Built on the site of the former Nanuet Mall, the Shops at Nanuet debuted in 2013. As of 2022, the mall currently maintains traditional tenants At Home, Stop & Shop, as well as a Regal Cinemas.

<span class="mw-page-title-main">The Marketplace Mall</span> Shopping mall in Henrietta, New York

The Marketplace Mall is a shopping center managed by Wilmorite and located on Hylan Drive in Henrietta, New York, a suburb of Rochester.

<span class="mw-page-title-main">Retail apocalypse</span> Widespread decline in physical retail stores

Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 and accelerating due to the mandatory closures during the COVID-19 pandemic.

Transform SR Brands LLC is an American privately held company formed on February 11, 2019, to acquire some of the assets of Sears Holdings Corporation. The new company is owned by ESL Investments. Following the Chapter 11 bankruptcy filing of Sears Holdings on October 15, 2018, Transformco purchased the surviving assets owned by Sears Holdings for $5.2 billion.

References

  1. ↑ Gustafson, Anna (December 17, 2009). "Rego Center spurs worries - NYPOST.com". New York Post. Retrieved October 7, 2010.
  2. ↑ Serant, Claire (September 19, 1995). "Caldor bankruptcy jitters". Daily News. New York. Retrieved December 27, 2023– via Newspapers.com.
  3. ↑ Kadinsky, Sergey (March 4, 2010). "Rego Center II anchors open to fanfare". Queens Chronicle. Retrieved March 15, 2010.[ permanent dead link ]
  4. 1 2 Vornado Realty Trust, Rego Center, NY-Vornado Retail, archived from the original on July 9, 2011, retrieved March 15, 2010
  5. ↑ Burke, Mack (December 28, 2018). "Bank of China Lends $253M to Vornado REIT to Refi Rego Park Mall in Queens". Commercial Observer.
  6. ↑ "Aldi opens first outlet in NYC - News - Inside This Issue - Mass Market Retailers :: The Global Newspaper For Supermarket, Drug, Discount Chains". Mass Market Retailers. March 7, 2011. Archived from the original on March 21, 2012. Retrieved August 13, 2011.
  7. ↑ Fickenscher, Lisa (May 26, 2010). "Grocer Aldi heads to Rego Park shopping center". Crain's New York Business. Retrieved August 13, 2011.
  8. ↑ Laterman, Kaya (February 5, 2015). "New Residences, Proposed QueensWay Advance in Rego Park, Queens". Wall Street Journal. Retrieved August 18, 2015.
  9. ↑ Kern-Jedrychowska, Ewa (January 4, 2017). "Sears To Close Rego Park Location Amid Falling Sales". DNAinfo New York. Archived from the original on January 12, 2019. Retrieved January 12, 2019.
  10. ↑ Pozarycki, Robert (March 12, 2018). "Reported bankruptcy demise would spell the end of Toys R Us and its six remaining Queens stores". QNS.com. Retrieved January 16, 2019.
  11. ↑ Davenport, Emily (January 14, 2019). "Rego Park Kohl's is one of four store locations to close later this year, reports say". QNS.com.
  12. ↑ "Next Stop For IKEA… Queens, NY". Yahoo Finance . September 24, 2019.
  13. ↑ Acevedo, Angélica (January 11, 2021). "A 'great opportunity' for Queens: IKEA officially opens new Rego Center location". QNS.com. Retrieved February 7, 2021.
  14. ↑ Shain, Michael (January 14, 2021). "Queens' first IKEA store opens at Rego Center". Queens Chronicle. Retrieved February 7, 2021.
  15. 1 2 Marshall, Ethan (October 26, 2022). "Rego Center IKEA announces it will close in December – QNS". QNS. Retrieved June 27, 2024.
  16. ↑ Rizzi, Nicholas (October 26, 2022). "Ikea Closing 115K-SF Queens Outpost in December". Commercial Observer. Retrieved October 29, 2022.
  17. ↑ Cifuentes, Kevin; Cryan, Elizabeth (February 13, 2024). "Ikea Pays $10M To Terminate Queens Lease". The Real Deal. Retrieved June 27, 2024.
  18. ↑ Rogers, Jack (February 15, 2024). "IKEA Buys Out Lease for Queens Mall Store for $10M". GlobeSt. Retrieved June 27, 2024.
  19. ↑ Weiss, Lois (April 24, 2020). "At Home Signs Lease for Big Store at Rego Center, Queens". The Real Deal New York. Retrieved February 7, 2021.
  20. ↑ Acevedo, Angélica (April 26, 2021). "At Home store opens first New York City location at Rego Center mall – QNS". QNS. Retrieved June 27, 2024.
  21. ↑ Thomas, Lauren (September 10, 2020). "Discount retailer Century 21 files for Chapter 11 bankruptcy and is closing all of its 13 stores". CNBC. Retrieved February 7, 2021.
  22. ↑ Russell, David (September 17, 2020). "Century 21 bankrupt; Rego site will close". Queens Chronicle. Retrieved February 7, 2021.
  23. ↑ Fogarty, Lisa (April 16, 2009). "Retailer Reconsidering Rego Park Mall Site". Queens Tribune . Archived from the original on April 8, 2010. Retrieved March 15, 2010.
  24. ↑ Greenhouse, Steven (February 24, 2005). "Wal-Mart Drops Plans for Its First Store in New York City". The New York Times .
  25. ↑ Official website
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.