Paddock Shops

Last updated
Paddock Shops
Paddock shops terrace 2023-10-29.jpg
The Terrace at the Paddock Shops
Paddock Shops
Location Louisville, Kentucky
Opening dateNovember 1, 2001
ManagementFairbourne Properties
OwnerCPT Capital Management
No. of anchor tenants 6
Total retail floor area 367,500
No. of floors1
Public transit access Bus-logo.svg TARC
Website paddockshops.com

The Paddock Shops is a shopping complex in the east end of Louisville, Kentucky USA, billed as a lifestyle center. Originally known as The Summit of Louisville, it is currently owned by Boston-based CPT Capital Management and managed by Chicago-based Fairbourne Properties. [1] From its opening in 2001 until May 2013, it had been owned by a subsidiary of Prudential and managed by Birmingham, Alabama-based Bayer Properties. [1] [2]

It has 367,500 square feet (34,140 m2) of retail space spread over 40 acres (160,000 m2) of land, with central parking surrounded by Mediterranean-themed storefronts. [2] The primary entrance is on Kentucky Route 22. [3]

The shopping complex formally opened on November 1, 2001. [3] On May 21, 2013, a Louisville business journal reported that CPT Capital Management had purchased the center for $111.5 million, and that Wilkow would take over from Bayer as property manager. [4] Shortly after the sale, the new managers announced that the complex would be renamed via an online vote. Three choices were provided—Paddock Shops, Oaks Town Center, and Shops of Louisville—along with a write-in option. [1] On August 15, 2013, Wilkow announced that the winning name was Paddock Shops, with nearly 30% of the vote, and new signage was immediately installed. [5]

Anchors

The Paddock Shops has several anchor stores with Bed Bath & Beyond being the largest by square foot totaling just over 30,000. Barnes & Noble, Earth Fare, and Office Depot are smaller with square footage ranging in the mid twenties range. On May 16, 2015, Office Depot officially closed its doors, and Earth Fare departed as well. The lifestyle center also has junior anchors in Ulta Cosmetics and DSW. [2]

  1. 1 2 3 Robinson, Andrew (June 20, 2013). "What's in a name? The Summit looks for a new one". Business First Louisville. Retrieved August 19, 2013.
  2. 1 2 3 Bayer Properties - Summit of Louisville Profile Archived 2008-02-26 at the Wayback Machine
  3. 1 2 Goetz, David (2001-10-19). "'Lifestyle center' almost ready". The Courier-Journal .
  4. Robinson, Andrew (May 21, 2013). "Summit shopping center sold for $111.5 million". Business First Louisville. Retrieved August 19, 2013.
  5. "East Louisville shopping center gets new name". Louisville, KY: WDRB. August 15, 2013. Retrieved August 19, 2013.

38°18′28″N85°34′37″W / 38.30778°N 85.57694°W / 38.30778; -85.57694


Related Research Articles

<span class="mw-page-title-main">The Summit (Alabama)</span> Shopping mall in Alabama, United States

The Summit, which opened in October 1997, is a 1 million square foot upscale lifestyle center located at the intersection of U.S. Highway 280 and Interstate 459 in Birmingham, Alabama, United States, between the suburbs of Mountain Brook and Vestavia Hills.

<span class="mw-page-title-main">Times Square (Hong Kong)</span> Shopping centre in Causeway Bay, Hong Kong

Times Square is a luxury shopping centre and office tower complex in Causeway Bay, Hong Kong. The complex, owned by Wharf Properties, part of The Wharf (Holdings) Limited group, opened on 13 April 1994.

<span class="mw-page-title-main">Downtown Louisville</span>

Downtown Louisville is the largest central business district in the Commonwealth of Kentucky and the urban hub of the Louisville, Kentucky Metropolitan Area. Its boundaries are the Ohio River to the north, Hancock Street to the east, York and Jacob Streets to the south, and 9th Street to the west. As of 2015, the population of downtown Louisville was 4,700, although this does not include directly surrounding areas such as Old Louisville, Butchertown, NuLu, and Phoenix Hill.

<span class="mw-page-title-main">Fourth Street Live!</span>

Fourth Street Live! is a 350,000-square-foot (33,000 m2) entertainment and retail complex located on 4th Street, between Liberty and Muhammad Ali Boulevard, in Downtown Louisville, Kentucky. It is owned and was developed by the Cordish Company; it was designed by Louisville architects, Bravura Corporation. Fourth Street Live! first opened to the public on June 1, 2004, and all stores were completed for the grand opening on October 30, 2004. City planners hoped that the district would attract further commercial business development while providing an attractive entertainment venue for the city's hotel and tourist business as well as the local population.

<span class="mw-page-title-main">Caesars Southern Indiana</span> American casino hotel

Caesars Southern Indiana is a casino hotel in Southern Indiana. Opened in 1998, it is owned by Vici Properties and operated by the Eastern Band of Cherokee Indians, using the Caesars name under license from Caesars Entertainment. It is located outside the community of Elizabeth, Indiana at the Harrison County line, across the Ohio River from Louisville, Kentucky. This is the closest casino to Louisville because casino gambling is not allowed in neighboring Floyd County. Locals often simply call it "The Boat", a reference to the former riverboat that was the main focus of the complex.

Plaza West Covina is a large regional shopping mall in West Covina, California, owned by the Starwood Capital Group. Its anchor stores are Macy's, JCPenney, XXI Forever, Nordstrom Rack, Best Buy, and Gold's Gym with one vacant space last occupied by Sears. Westfield America, Inc., a precursor to Westfield Group, acquired the shopping center in 1998 and renamed it "Westfield Shoppingtown West Covina", dropping the "Shoppingtown" name in June 2005. In October 2013, the Westfield Group sold the mall to Starwood Capital Group and the mall is now managed by Pacific Retail Capital Partners.

<span class="mw-page-title-main">Woodburn Premium Outlets</span> Shopping mall in United States, /

Woodburn Premium Outlets is an outlet mall in Woodburn, Oregon, United States. The complex, located between the cities of Portland and Salem on Interstate 5, opened in 1999 as the Woodburn Company Stores. Owned and operated by Simon Property Group, the center has over 350,000 square feet (33,000 m2) of retail space.

Lakewood Center is a super-regional shopping mall in Lakewood, California. Lakewood Center opened in 1952 and was enclosed in 1978.

<span class="mw-page-title-main">Oxmoor Center</span> Shopping mall in Louisville, KY, US

Oxmoor Center is a Louisville, Kentucky shopping mall located at 7900 Shelbyville Road in eastern Louisville.

<span class="mw-page-title-main">Green Tree Mall</span> Shopping mall in Clarksville, Indiana, United States

Green Tree Mall is a shopping mall located in Clarksville, Indiana, United States. The mall is located off of I-65 about four miles north of downtown Louisville. It has a total area of 795,382 square feet (73,893 m2). It was named for a large boundary tree of considerable age that once stood at the location. Currently, there are more than 80 inline stores and 2 major anchor stores. The third anchor was Sears which closed on October 1, 2017. The mall is managed by Centennial Realty. Green Tree Mall is a retail anchor for the Clarksville area.

<span class="mw-page-title-main">Jefferson Mall</span> Shopping mall in Louisville, Kentucky

Jefferson Mall is an enclosed shopping mall in Louisville, Kentucky, the largest city in Kentucky. The mall is located near the intersection of Interstate 65 and Outer Loop in southern Louisville. Jefferson Mall is the only major mall in southern Jefferson County, and the only of Louisville's six regional shopping centers serving the south and west county; the others are located in the east county.

<span class="mw-page-title-main">Eastern Shore Centre</span> Shopping mall in Spanish Fort, Alabama

Eastern Shore Centre is a 540,000-square-foot (50,000 m2) lifestyle center located at the intersection of Malbis Parkway and Interstate 10 in Spanish Fort, Alabama, United States, a suburb of Mobile. A landscaped perimeter road, Eastern Shore Boulevard, connects the lifestyle and power center components of this hybrid regional center. An apartment community, The Arlington at Eastern Shore Centre, was developed in the northeastern section of the complex. Eastern Shore Centre is Baldwin County's first large-scale, multi-anchored regional shopping center and the first lifestyle center to open in South Alabama.

The Promenade Bolingbrook, also known as The Promenade, is a 750,000-square-foot (70,000 m2) open-air shopping center in Bolingbrook, Illinois, a southwest suburb of Chicago. It opened on April 26, 2007, at the intersection of Boughton Road and Interstate 355. Anchor tenants include Bass Pro Shops, Macy's, iPic Theaters, Binny's Beverage Depot, Barnes & Noble and DSW. It is owned and managed by M & J Wilkow. Macy's was originally planned to be a Marshall Field's while Binny's was a Circuit City which closed in 2009.

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

Fayette Mall is a regional shopping mall in Lexington, Kentucky, located at 3401 Nicholasville Road in southern Lexington. It is the largest mall in the state of Kentucky. The mall's anchor stores are Macy's, JCPenney, Dick's Sporting Goods, and Dillard's. The mall is among the largest shopping malls in the southeastern United States, boasting just under 200 stores plus a large food court.

<span class="mw-page-title-main">Town Square (Las Vegas)</span> Shopping mall in Enterprise, Nevada

Town Square is an open-air shopping, dining, office, and entertainment center in Enterprise, Nevada, United States. It occupies approximately 100 acres (40 ha), located one mile south of the Las Vegas Strip. It was developed by Centra Properties and Turnberry Associates. Construction began in 2005, with Marnell Corrao Associates as general contractor. Town Square opened on November 14, 2007. It has 1.5 million square feet (140,000 m2), including 350,000 sq ft (33,000 m2) of office space. In 2017, Town Square was sold to Teachers Insurance and Annuity Association of America and Fairbourne Properties, with the latter also handling management.

<span class="mw-page-title-main">The Shoppes at Eastchase</span> Shopping mall in Montgomery, Alabama

The Shoppes at EastChase is the principal retail component of the EastChase mixed-use development located in Montgomery, Alabama at the intersection of Interstate 85 and Taylor Road on the east side of the city. The Shoppes at EastChase was the catalyst in attracting higher-end national and regional retailers to the Montgomery metropolitan area and the Central Alabama region.

The Summit Reno is an upscale lifestyle center located in Reno, Nevada. The center opened in 2007 and it is owned by Birmingham, Alabama-based Bayer Properties.

<span class="mw-page-title-main">The Shops at Palm Desert</span> Shopping mall in Palm Desert, California

The Shops at Palm Desert is a shopping mall located in Palm Desert, California which serves the Coachella Valley. The mall features the traditional retailers Macy's, JCPenney, Dick's Sporting Goods, and Barnes & Noble, with 122 inline stores. In addition, the mall includes a food court and Tristone Palm Desert 10 Cinemas. The cinema has closed as of February 5, 2023. Numerous theater chains have been in discussion.

<span class="mw-page-title-main">Bayfair Center</span> Shopping mall in California, U.S.

Bayfair Center is a regional shopping mall and power center in San Leandro, California. It was among the first malls in the East Bay of the San Francisco Bay Area. Anchor stores are Macy's, Target, Kohl's, Staples, Old Navy, PetSmart, Bed Bath & Beyond, Cinemark, and 24 Hour Fitness.