Shoppingtown Mall

Shoppingtown Mall
Location
Coordinates 43°02′26″N 76°03′51″W / 43.0406°N 76.06411°W / 43.0406; -76.06411Coordinates: 43°02′26″N 76°03′51″W / 43.0406°N 76.06411°W / 43.0406; -76.06411
Opening date 1954 (as a strip mall, then enclosed in 1975)
Developer Eagan Real Estate Inc.
Management James Tull[1]
Owner Moonbeam Capital Investments LLC
No. of stores and services ~100
No. of anchor tenants 5 (1 open, 4 vacant)
Total retail floor area 988,054 sq ft (91,793.2 m2)
No. of floors 2, plus partial basements
Website http://www.shoppingtownmall.com/

Shoppingtown Mall is a regional shopping mall in Dewitt, New York. It opened as an open-air shopping center in 1954, and was converted to an enclosed mall in 1975. As of 2016, it has approximately 100 stores, with Sears serving as the only anchor store. It has a food court and a fourteen-screen Regal Cinemas movie theater. As of 2016, Shoppingtown Mall is owned and managed by Moonbeam Capital Investments LLC.[2]

History

Shoppingtown opened in 1954[3][4] as one of Syracuse's first suburban open-air shopping centers.[5] Early tenants included Dey Brothers department store, The Addis Company (later merged into Addis and Dey's), Woolworth, W.T. Grant, and a Kallet movie theater.[6] A Grand Union supermarket was added on the eastern end.

Television station WNYS-TV opened its first studios in the basement of Shoppingtown when it began broadcasting in 1962. The studio caught fire in April 1967. The station left Shoppingtown and moved to new studios on nearby Bridge Street in East Syracuse in 1985.

After expanding several times in the 1960s, Shoppingtown was converted to an enclosed shopping mall in 1975,[7] and was substantially remodeled in 1991.[5] The mall was owned by Macerich, which acquired it from Wilmorite Properties in 2005, but was sold in 2011 to Macerich. Macerich managed the mall until 2012, when the new owners hired Jones Lang LaSalle to manage the mall.[8] In 2014, MoonBeam Capital Investments bought the mall for 13.6 million.

In January 2015, it was announced the Macy's store in Shoppingtown was closing as part of a plan to close 14 stores nationwide.[9]

In February 2015, Moonbeam Capital Investments said that they will demolish the Sears wing and turn it in to a strip mall. This has been halted because of tax issues. There is a high chance that this demolition may never happen, there has been no word from the company in months.

JCPenney announced on January 7, 2016 that it will close the Shoppingtown Mall location on April 8, 2016.[10]

Current anchors

Former anchors

References

  1. ↑ "Management Team," Moonbeam Capital Investments, LLC. Accessed: July 23, 2014
  2. ↑ ShoppingtownMall.com. Accessed: July 23, 2014
  3. ↑ "Malls to Main Streets in New York State". Empirestatefuture.org. Retrieved 20 January 2015.
  4. ↑ "Update: Mall's owner responds to Schumer". syracuse.com. Retrieved 20 January 2015.
  5. 1 2 "Shoppingtown Mall; DeWitt, New York - Labelscar". Labelscar: The Retail History Blog. Retrieved 20 January 2015.
  6. ↑ DeadMalls.com: ShoppingTown
  7. ↑ "Macerich - Investor Relations - Press Releases". Phx.corporate-ir.net. Retrieved 20 January 2015.
  8. ↑ Bob Niedt (2007-03-13). "ShoppingTown goes open-air". The Post-Standard. Retrieved 2007-08-05.
  9. ↑ Strauss, Gary (January 8, 2015). "J.C. Penney, Macy's to shut stores, lay off scores". USA Today. Gannett. Retrieved January 9, 2015.
  10. ↑ http://www.syracuse.com/business-news/index.ssf/2016/01/jc_penney_store_in_shoppingtown_mall_is_closing.html


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