Wilton Mall

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Wilton Mall
Wilton Mall Exterior.jpg
Exterior of Wilton Mall
Wilton Mall
Location Wilton, New York, United States
Coordinates 43°06′08″N73°44′15″W / 43.10221°N 73.7375°W / 43.10221; -73.7375
Address3065 NY Route 50
Opening date1990
Developer Wilmorite Properties
Management Macerich
Owner Macerich
No. of stores and services70
No. of anchor tenants 5
Total retail floor area 708,000 sq ft (65,800 m2) [1]
No. of floors1
Public transit accessAiga bus trans.svg 450, 452
Website wiltonmall.com

Wilton Mall is a regional shopping center, located off Interstate 87 exit 15 in the town of Wilton, directly north of Saratoga Springs, New York. The mall features anchor stores such as JCPenney, Dick's Sporting Goods, HomeGoods, in addition to a Healthy Living Market as well as a Planet Fitness. The mall features several additional prominent specialty retailers such as American Eagle, Bath and Body Works, Ulta Beauty, Francesca's, Old Navy, Maurices, Yankee Candle, Shoe Dept., Talbot's, and Zumiez. [2] [3]

The mall has a gross leasable area of 708,000 square feet (65,800 m2). [4] It is currently owned by Macerich, having been purchased from Wilmorite Properties of Rochester, New York in 2004. [5] [6]

The dawn of the 2020s saw several storied traditional department store retailers update its brick-and-mortar formats after being encroached upon to a degree by several digital retailers in recent years

In August 2018, it was announced department store retailer The Bon-Ton would be shuttering after it was unable to elect any new conditions to satisfy its established long-term debt. As of February 2023, the previous The Bon-Ton outpost is in the approval stages to become townhouses and 400 luxury apartments. [7] [8] [9]

In 2018, it was revealed Saratoga Hospital would be reconstructing Sears after it had announced to shutter as part of an ongoing decision to phase out of their traditional brick-and-mortar format. [10] [11]

In March 2022, Macerich, the mall development firm, unveiled its plan for a future enhanced development with up to 400 luxury apartments as well as townhomes, something it has done at its malls before including Tysons Corner Center. The developers desire to add many additional features such as a theater, art gallery, microbreweries, distilleries, row houses, an indoor pool, cocktail lounges, and even laboratories and research centers. [12]

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References

  1. ↑ "Macerich | Properties | Wilton Mall". www.macerich.com. Retrieved 2023-01-09.
  2. ↑ "Wilton Mall | Directory".
  3. ↑ "Wilton Mall owner wants to level Bon-Ton wing, build luxury apartments" . Retrieved 2023-08-02.
  4. ↑ Wilton Mall at Saratoga, International Council of Shopping Centers. Accessed December 16, 2007.
  5. ↑ Higgins, Dan. "Developer sells Albany, N.Y.-area malls, other sites to California company.", Times Union , December 24, 2004. Accessed December 16, 2007.
  6. ↑ Blankinship, Jessica (2013-03-26). "Bow Tie Cinemas Opening Saratoga Springs Cinemas and Offering Unique Upscale Movie-Going Experience!". What's New In Saratoga.
  7. ↑ Cooper, Robin K. (April 5, 2022). "Macerich and Paramount team want to build 400 apartments, townhouses at the Wilton Mall". Albany Business Review.
  8. ↑ Biswas, Lillian Rizzo and Soma. "Bon-Ton in Talks With Debt Holders Ahead of Likely Bankruptcy Filing". WSJ. Retrieved 2023-08-02.
  9. ↑ Kapner, Suzanne (2018-06-01). "Bon-Ton Scion's Fix for Ailing Department Stores: Blow Up the Model". Wall Street Journal. ISSN   0099-9660 . Retrieved 2023-08-02.
  10. ↑ Hirsch, Lauren; Thomas, Lauren (2018-11-08). "Sears to shut 40 more stores early next year". CNBC.
  11. ↑ "Macerich leases 56,000 s/f to Saratoga Hospital at Wilton Mall". nyrej.com. Retrieved 2023-08-02.
  12. ↑ Cooper, Robin K. (April 5, 2022). "Macerich and Paramount team want to build 400 apartments, townhouses at the Wilton Mall". Albany Business Review.
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