DeVargas Center

De Vargas Center
Address 564 N Guadalupe St,
Santa Fe, New Mexico 87501
Opening date 1973
Developer Nash Hancock
Owner Fidelis Reality Partners [1]
Architect William Lumpkins
No. of stores and services 55
No. of anchor tenants 4 (1 vacant)
Total retail floor area 320,000 square feet (adjacent Albertsons included)
No. of floors 1
Website www.devargascenter.com

De Vargas Center is an enclosed shopping center in Santa Fe, New Mexico[2]. Originally named De Vargas Mall, the shopping center is one of two enclosed malls in Santa Fe.

History

1973-1987

The De Vargas Mall was developed by Kentucky businessman Nash Hancock and formally opened its doors in 1973.[3] However, an Albertsons and Factory 2-U already had opened a few years prior. The structure was designed by Santa Fe architect William Lumpkins.[4] In 1975, luxury men's department store Goodman's relocated from the Santa Fe Plaza.[5] In 1977, the center added a Montgomery Ward and JCPenney as anchors and a United Artist two-screen theater. [6][7] When the Villa Linda Mall opened in 1985, JCPenney relocated to the southwest side of town. The site would later be replaced by upscale department store C. R. Anthony Co..[8]

1988-2000

The mall changed ownership for the first time in Weingarten Realty and underwent $1-million renovation which included upgrading the interior and expanded the theater.[9] In 1996, Ross Dress for Less opened up a new-to-market location.[10] In 1998, Montgomery Ward announced bankruptcy and shuttered its Santa Fe location.[11] That same year Albertsons purchased the former Montgomery Ward location and announced plans to reconstruct the building.[12]

2001-present

In 2010, Fidelis Realty Partners purchased the property from Weingarten Realty Management Co, Inc.[13] In 2016, several tenants from nearby Sanbusco Marketplace relocated to the center following New Mexico School of the Art's purchase of the property. [14] During that same year, anchor tenant Hastings filed Chapter 11 bankruptcy and closed all of its stores. [15] In 2017, the Regal Cinemas closed its six-screen theater[16] In 2018, the shopping center announced plans to reconstruct the west side of the complex to include The Alley, a lounge and bowling alley.[17]

Anchors

References

  1. ↑ http://www.devargascenter.com/new-page-1
  2. ↑ http://www.fidelisrealtypartners.com/Properties/DeVargasCenter
  3. ↑ "De Vargas Center owner 'no newcomer' to Santa Fe" Santa Fe New Mexican, 31 October 73. Retrieved on 05 October 17.
  4. ↑ https://insidesantafe.com/business/devargas-center/
  5. ↑ Murphy, Victoria"Great things are coming for Santa Fe" Albuquerque Journal Albuquerque, 18 April 14. Retrieved on 7 October 17.
  6. ↑ Valerde, Victoria "DeVargas Center movie theater in Santa Fe scheduled to close" KRQE Albuquerque, 18 January 17. Retrieved on 05 October 17.
  7. ↑ Jadrnak, Jackie "De Vargas theaters are shutting down" Albuquerque Journal Albuquerque. 18 January 17. Retrieved on 05 October 17.
  8. ↑ "A Happy Birthday for De Vargas" Santa Fe Reporter, Santa Fe, 13 October 93. Retrieved on 07 October 17.
  9. ↑ Cook, Lynn "Weingarten Realty continues buying binge outside Houston" Business Journal, Houston, 6 September 99. Retrieved on 07 October 2017
  10. ↑ "A Major Coup for DeVargas Center" Santa Fe Reporter, Santa Fe, 28 February 96. Retrieved on 07 October 17.
  11. ↑ Hamilton, Martha "Montgomery Ward to close all stores" Washington Post, Washington D.C., 29 December 00, Retrieved on 05 October 17.
  12. ↑ "DeVargas" Santa Fe New Mexican, Santa Fe, 27 March 2005. Retrieved on 05 October 17
  13. ↑ https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=98346397
  14. ↑ Carrillo, Edmundo. "Many stores at Sanbusco Market Center have migrated across downtown to DeVargas Center" Albuquerque Journal, Albuquerque, 16 January 16. Retrieved on 05 October 17.
  15. ↑ Valdes, Alisa "Hastings Entertainment store to shutter New Mexico locations" Santa Fe New Mexican, Santa Fe, 22 July 16. Retrieved on 05 October 17.
  16. ↑ Valerde, Victoria "DeVargas Center movie theater in Santa Fe scheduled to close" KRQE Albuquerque, 18 January 17. Retrieved on 05 October 17.
  17. ↑ Casaus, Phill. Santa Fe New Mexican, 14 March 18. Retrieved 15 March 18

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