Shoppes at Park Place

Last updated

The Shoppes at Park Place is a shopping center in Pinellas Park, Florida, USA. It is anchored by Marshalls, Target, Regal Cinemas, and Academy Sports + Outdoors, with junior anchors Conn's HomePlus and Petco. It is built on the site of the former Pinellas Square (later ParkSide) Mall.

History

Pinellas Square Mall opened on April 13, 1977 with anchor J. C. Penney, followed by Montgomery Ward on November 2, and finally Ivey's on September 18, 1978. [1] [2] A three-screen General Cinema Corporation theater opened on May 27, 1977. [2] It was owned by DeBartolo Realty Corporation. [3] Ivey's became Dillard's in 1990, with Dillard's acquisition of Ivey's that year.

By 1996, the mall was owned by the John Hancock Insurance Company, who acquired the property in lieu of foreclosure after DeBartolo began defaulting on mortgage payments shortly before their acquisition by Simon Property Group. [3] [4] While they brought in Divaris National LLC to help manage the mall, inline tenants continued to slip and the mall's occupancy rate slipped to 50% by late 1996. [3] A $20 million renovation, supposed to be started by winter 1996, was delayed due to the owners being unable to gain approval from all three anchors in time. [4] [5] Renovations began in 1997, with a 120 by 50 feet ice skating rink opening in early August, to be followed by a food court set to open in September. A new movie theater was also announced, but had not opened by the time of the mall's grand re-opening in October. [6] The mall was renamed to ParkSide Mall in 1998. [2]

By 2000, the mall had again fallen to a 50% occupancy rate, and had begun leasing to alternative tenants such as a public library. [5] The new theater was set to open in spring that year, but R/C Cinemas Parkside Movies 16 did not open until March 30, 2001. [2] [5] Montgomery Wards closed in 2001, and was replaced with Park Avenue Coat Company for four months in 2002. [7] The mall had risen to a 62% occupancy rate by 2002, including further alternative tenants such as a dance studio and a pet adoption center. [8] [7] The mall was offered for sale in December 2002 with an asking price of $25 million and an occupancy rate of 78%, and was later purchased by Tampa-based Boulder Venture South for $12 million in May 2003. [9] [10]

In October 2003 a plan to demolish the mall for a new shopping center, the Shoppes At Park Place, was approved by Pinellas Park officials. [2] Dillard's closed in January 2004, followed by the JCPenney Outlet Store in May, and the mall finally closed for good in June. R/C Cinemas survived demolition; it was acquired and rebranded as Regal Park Place Movies 16, and opened, after delays, in August 2005. [11] [2] Demolition of the mall was underway by November 2004. [12] Target officially closed on a property at the new plaza in January 2005, along with American Signature Furniture, Michaels, and several banks and restaurants. [13] [14] Target was set to open in October. [14]

The plaza faced a $71 million foreclosure lawsuit in 2018, resulting in the plaza being listed for sale by Colliers International later that year. [15] [16]

Related Research Articles

SouthPark is an upscale shopping mall in the affluent SouthPark neighborhood in Charlotte, North Carolina. The mall is located approximately five miles (8 km) south of Uptown Charlotte, at the corner of Sharon and Fairview Roads. With 1,688,480 square feet (160,000 m2), It is one of the most profitable malls in the country with sales at over $700 per square foot. It is the 10th largest on the East Coast and is the 28th largest in the United States. SouthPark is the most congested shopping area in the United States during Black Friday weekend. The mall is visited by more than 12 million visitors a year.

<span class="mw-page-title-main">Eastland Mall (Charlotte, North Carolina)</span> Shopping mall in North Carolina, United States

Eastland Mall was a shopping mall in Charlotte, North Carolina. The center opened on July 30, 1975, as the then-largest mall in North Carolina with three anchor department stores, Belk, J.C. Penney, and Ivey's. A Sears, Roebuck and Company store joined four years later. The mall was owned by Glimcher Realty Trust and the City of Charlotte. Glimcher requested the mall be put into receivership due to heavy debt, and there were reports of the mall entering foreclosure. LNR sold the interior space in the mall to Boxer Properties of Houston for $2 million. It ceased operations on June 30, 2010, and was purchased by the city of Charlotte from Boxer Properties, and the owners of the vacant anchors in hopes of selling it to a developer.

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 1,435,164 square feet (133,331 m2) GLA and has 3 anchor stores and over 170 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.

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

University Mall, previously University Square Mall, is a shopping mall located near the University of South Florida, just north of the city limits of Tampa on Fowler Avenue. The property is located just east of I-275.

<span class="mw-page-title-main">Silver City Galleria</span> Shopping mall in Taunton, Massachusetts, U.S.

The Silver City Galleria was an enclosed, two-level, super-regional mall located off Route 24 and Route 140 in Taunton, Massachusetts, United States. It covered a leasable area of over 1,000,000 square feet (93,000 m2), and served multiple cities and towns in the region. It was demolished in 2021.

<span class="mw-page-title-main">Tampa Bay Center</span> Former shopping mall in Tampa, Florida

Tampa Bay Center was a shopping mall located in Tampa, Florida, across the street from Tampa Stadium. The mall was developed by The Rouse Company. When it opened on August 5, 1976 the 877,000-square-foot (81,500 m2) Tampa Bay Center was Tampa's fourth major mall and operated until 2001, when most of its tenants relocated to the nearby International Plaza. The mall was a two-story building that had an anchor at each end, plus one in the center of the mall: Burdines on the east side, Montgomery Ward in the center, and Sears on the west side.

<span class="mw-page-title-main">Latham Circle Mall</span> Shopping mall in New York, United States

Latham Circle Mall was an enclosed shopping mall located adjacent to the Latham Circle in Latham, New York. Built in 1957 as Latham Corners Shopping Center, the mall was renovated several times in its history, most notably in 1977 when it became a fully enclosed and temperature-controlled shopping mall.

<span class="mw-page-title-main">Randall Park Mall</span> Demolished mall in North Randall, Ohio

Randall Park Mall was a shopping mall located in the village of North Randall, Ohio, United States. It opened on August 11, 1976 on the site of what used to be the Randall Park Race Track. After over a decade of decline, it closed on March 12, 2009. The former Dillard's store and interior of the mall were demolished in 2015 to make way for an industrial park, and the remaining anchor tenants were demolished in 2017 after they all closed down. Amazon built a new distribution center on the site in 2018.

<span class="mw-page-title-main">The Shoppes at Parma</span> Shopping mall in Ohio, USA

The Shoppes at Parma, formerly known as Parmatown Mall, is a shopping plaza located in Parma, Ohio, approximately 10 miles (16 km) south of Cleveland. It is located at the southwest corner of State Route 3 and Ridgewood Drive in southern Cuyahoga County. It is anchored by Walmart, Burlington, Marc's and Dick's Sporting Goods. The plaza opened as a shopping plaza in 1956 and was enclosed in the mid-1960s and has become an outdoor plaza once again. Its original anchors were Higbee's (1967) and May Company (1960). Higbee's became Dillard's in 1992, and closed in 2000. The old Higbee's structure was demolished and replaced with a new Walmart in 2004. May Company became Kaufmann's in 1993 and Kaufmann's became Macy's in 2006. A Kresge also served as a fourth anchor store until it was closed in the early 1980s to make way for an expansion. Parts of the original plaza remain open-air, with Chuck E. Cheese's and Marc's as major tenants. The mall was renovated in the early 2000s and was renovated to be an outdoor shopping center in 2017, with the interior demolished.

Crossroads Mall was a shopping mall located at the intersection of U.S. Route 19 and Roosevelt Boulevard on the border of Clearwater and Largo, Florida.

<span class="mw-page-title-main">International Plaza and Bay Street</span> Shopping mall in Florida, United States

International Plaza and Bay Street is the dominant shopping mall and dining destination on the west coast of Florida, located adjacent to the Tampa International Airport.

<span class="mw-page-title-main">The Crossings at Northwest</span> Shopping mall in Missouri, United States

The Crossings at Northwest is a mixed-use commercial center containing 400,000 SF of retail and 500,000 SF of office uses located in St. Ann, a suburb of St. Louis, Missouri, United States. It was redeveloped from the old Northwest Plaza. The former mall comprised nearly 1,770,000 square feet (164,438.4 m2) of gross leasable area, making it the 27th largest mall in the United States according to the International Council of Shopping Centers prior to its closure. With a total of 1.9 million square feet (180,000 m2) of enclosed space, it was the largest enclosed mall in the state of Missouri. The mall featured nine anchor stores and more than 210 stores at its peak.

Richardson Square Mall (1977-2006) was an enclosed single-level shopping center located in Richardson, Texas on Plano Road, stretching between the intersections of Belt Line Road and Spring Valley Road. The three adjacent corners of Belt Line and Plano Road were also occupied by shopping centers. The mall attached to an existing Sears, which served as an anchor store and remained in business after Richardson Square Mall was demolished in June 2007.

<span class="mw-page-title-main">Independence Mall (North Carolina)</span> Shopping mall in North Carolina

Independence Mall is the only enclosed shopping mall in Wilmington, North Carolina. It opened in 1979 with anchor stores Belk-Beery, JCPenney, and Sears. A later expansion added a new wing and Dillard's store to the center after Westfield Group purchased the mall. The mall is located on Oleander Drive and Independence Blvd east of downtown Wilmington. The mall has a food court and no longer features a carousel.

<span class="mw-page-title-main">Macon Mall</span> Shopping mall in Georgia, United States

Macon Mall is a two-level, 1.1-million-square-foot shopping mall located in Macon, Georgia. It is a dead mall with a 74% and rising vacancy rate with only one anchor store, Burlington. It has three vacant anchors left by Belk, J.C. Penney and Macy's. Sears once occupied the space currently taken by Burlington. The lower level is still empty.

Six Flags Mall was a shopping mall that opened in August 1970 in Arlington, Texas. Arlington's first enclosed shopping center, it was named after the nearby Six Flags Over Texas theme park. When it opened, it was the largest shopping center in Tarrant County and the area's first regional shopping facility. A new owner acquired roughly one-third of the mall in December 2012 and announced plans to redevelop it as a Hispanic-oriented shopping mall called "Plaza Central" and, after resolving legal issues, reopened in October 2014, but closed again in February 2016. Demolition began in summer of 2016, but was slowed by a lawsuit filed by Cinemark. Two separate two-alarm fires occurred on February 6 and March 2 during demolition. The site was rebuilt as industrial space to accommodate suppliers to the GM auto assembly plant.

<span class="mw-page-title-main">Lakeland Square Mall</span> Shopping mall in Lakeland, Florida

Lakeland Square Mall is a shopping mall located on the northern side of Lakeland, Florida. It is one of two enclosed malls serving Polk County and the only shopping mall located off of I-4 between Tampa and Orlando. It is currently anchored by Dillard's, Resale America, J. C. Penney, Urban Air Adventure Park, and Cinemark Theatres.

<span class="mw-page-title-main">Regency Square Mall (Jacksonville)</span> Shopping mall in Florida, United States

Regency Square Mall is an enclosed shopping mall in the Arlington area of Jacksonville, Florida, United States. Opened in 1967 and once one of the most successful malls in the country, the mall now features around 20 stores, including one anchor store, Dillard's Clearance Center, Impact Church, and a food court. It is owned by Namdar Realty Group and Mason Asset Management.

Sunshine Mall was a single-level, enclosed shopping mall located in Clearwater, Florida, U.S. It was anchored by Phar-Mor and Office Depot. It was owned by New Haven, Connecticut based Fusco Property Management.

NetPark Tampa Bay is a business park in the East Lake-Orient Park neighborhood of Tampa, Florida, United States. The complex, which primarily houses offices, is a redevelopment of the former East Lake Square Mall, a shopping mall built by Edward J. DeBartolo Corporation in 1976. The mall's anchor stores were JCPenney, Montgomery Ward, and Belk-Lindsey, with H. J. Wilson Co. joining in 1980. H. J. Wilson Co. became Service Merchandise in 1985, and Belk-Lindsey was sold to Dillard's in 1992. After a period of decline in the 1990s which included the closure of all four anchor stores, the mall was closed entirely in 1998 and officially reopened as NetPark Tampa Bay a year later.

References

  1. ↑ Geissler, Hazel (April 14, 1977). "Google News Archive". The Evening Independent. Retrieved December 29, 2019.
  2. 1 2 3 4 5 6 "MALL HALL OF FAME" . Retrieved December 30, 2019.
  3. 1 2 3 Clancy, Carole (September 16, 1996). "Hancock fires mall manager, weighs repositioning". Tampa Bay Business Journal.
  4. 1 2 Clancy, Carole (January 20, 1997). "Report from the mall: Delays, delays and more delays". Tampa Bay Business Journal.
  5. 1 2 3 Rigsby, G.G. (December 11, 2000). "Half-empty malls keep on struggling". Tampa Bay Business Journal.
  6. ↑ Clancy, Carole (August 18, 1997). "Leverock's fishing for franchisees to kick-start growth". Tampa Bay Business Journal.
  7. 1 2 Rigsby, G.G. (August 12, 2002). "Tampa Bay area follows de-malling trend". Tampa Bay Business Journal.
  8. ↑ Meinhardt, Jane (February 11, 2002). "Bay area Montgomery Ward stores finding new life". Tampa Bay Business Journal.
  9. ↑ Meinhardt, Jane (December 16, 2002). "ParkSide Mall is tough spot for commercial development". Tampa Bay Business Journal.
  10. ↑ Cronan, Carl (May 27, 2003). "Tampa development firm buys ParkSide Mall". Tampa Bay Business Journal.
  11. ↑ "Waiting for show time evokes only silent movies, for now". Tampa Bay Business Journal. May 16, 2005.
  12. ↑ "ParkSide Mall demolition underway". 10NEWS. Retrieved December 30, 2019.
  13. ↑ Ladika, Susan (May 23, 2005). "Observers praise developers for taking on failing ParkSide". Tampa Bay Business Journal.
  14. 1 2 "Target closes on Pinellas Park store site". Tampa Bay Business Journal. January 25, 2005.
  15. ↑ "Shoppes at Park Place foreclosure shows even solid retail can be vulnerable in changing climate | Business Observer". Business Observer. April 6, 2018. Retrieved December 30, 2019.
  16. ↑ "Tampa-area retail center is 97% occupied but faces foreclosure and is for sale". The Real Deal Miami. April 14, 2018. Retrieved December 30, 2019.

Coordinates: 27°50′14″N82°41′9″W / 27.83722°N 82.68583°W / 27.83722; -82.68583

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.