Fayette Mall

Fayette Mall
Fayette Mall entrance, July 2013
Location Lexington, Kentucky, USA
Coordinates 37°59′18.72″N 84°31′39.97″W / 37.9885333°N 84.5277694°W / 37.9885333; -84.5277694Coordinates: 37°59′18.72″N 84°31′39.97″W / 37.9885333°N 84.5277694°W / 37.9885333; -84.5277694
Address 3401 Nicholasville Road
Opening date April 20, 1971
Developer Richard E. Jacobs Group
Management CBL & Associates Properties
Owner CBL & Associates Properties
No. of stores and services 175+
No. of anchor tenants 5
Total retail floor area 1,184,982 square feet (110,088 m2)
(GLA)[1]
No. of floors 1
Parking 5,704
Website www.shopfayette-mall.com

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

History

It was opened by developer Richard E. Jacobs Group Inc. on April 20, 1971, supplanting Turfland Mall as Lexington's largest shopping mall.[2] Its original anchor stores included Sears, Shillito's and Stewart Dry Goods. Fayette Mall was renovated and enlarged in 1993 with McAlpin's, which became Dillard's in 1998.[3]

The mall was acquired in 2001 by CBL & Associates Properties Inc. of Chattanooga, Tennessee, which classifies Fayette Mall as one of its superior shopping centers, one of a dozen "distinct, high-performing properties" in its portfolio of more than 100 malls and shopping centers.[4]

Fayette Mall's sales of $492 per square foot is the second-highest among CBL's properties.[5] As of 2007, Fayette Mall featured 1,183,982 square feet (109,996 m2) of gross leasable area, 111 in-line stores, and 5,704 parking spaces on 86.6 acres (350,000 m2).[1]

Sears closed its mall store in late 2013 and sold the space to CBL for redevelopment. In March 2014, management announced that The Cheesecake Factory and H&M would be among the new openings in the former Sears space.[6] [7]

Growth beyond the mall

In 2006, CBL opened The Plaza at Fayette Mall, a 190,207-square-foot (18,000 m2) center adjacent to the mall and occupied by restaurants, various retailers, and a Cinemark Theatres 16.[8]

References

  1. 1 2 Fayette Mall Fact Sheet Retrieved 2013-01-17
  2. ↑ Jacobs Group web site Retrieved 2013-01-17
  3. ↑ CBL & Associates Properties Inc. website Retrieved 2013-01-17
  4. ↑ CBL & Associates Properties Inc. Retrieved 2013-01-17
  5. ↑ CBL Associates Properties Inc. Form 10-K for the year ended December 31, 2006
  6. ↑ http://www.kentucky.com/2013/07/01/2700452/sears-at-lexingtons-fayette-mall.html
  7. ↑ http://www.kentucky.com/2014/03/18/3146814/cheesecake-factory-coming-to-fayette.html
  8. ↑ The Plaza at Fayette Mall Fact Sheet Retrieved 2013-01-17.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.