Galleria Dallas

Galleria Dallas
Location Dallas, Texas
Opening date 1982 (1982)
Developer Hines Interests Limited Partnership
Management Trademark Property Co.
Owner UBS Realty Investors LLC (UBS AG)
Architect HOK
No. of stores and services 200+
No. of anchor tenants 9
Total retail floor area total: 1,700,000 sq ft (158,000 m2)
retail: 1,400,000 sq ft (130,000 m2)[1]
No. of floors 4 (including ice level)
Parking 10,000+ spaces[2]
Website www.galleriadallas.com

The Galleria Dallas, an upscale shopping mall and mixed-use development located at the intersection of Interstate 635 and the Dallas North Tollway in North Dallas. It was originally developed by Hines Interests Limited Partnership in 1982. The mall was modeled after a similar Hines development, the Houston Galleria, which opened in 1970. Both malls have ice rinks and a glass vaulted ceiling that is modeled after the historic Galleria Vittorio Emanuele II in Milan, Italy.

There are over 200 stores and restaurants, including an ice rink and the Westin Galleria Hotel. The property is owned by an investment consortium advised by UBS Realty Investors LLC, a subsidiary of UBS AG of Zurich, Switzerland, and is managed by Trademark Property Co.

History

Dallas Stars player Tyler Seguin signing autographs at Galleria Dallas in 2014

In 1982, the mall, originally named Dallas Galleria, opened, with anchor stores Marshall Field's and Saks Fifth Avenue as well as the 432-room Westin. By 1985, the mall was expanded and a Macy's location was opened. On September 7, 1985, the mall was the location of WFAA-TV Channel 8's Sump'n Else bandstand program's 20th Anniversary live reunion special hosted by Ron Chapman and Ralph Baker Jr. with special appearances by "The Little Group" dancers and Kenny and the Kasuals, and was also simulcast live on KVIL.

In November 1995, the mall underwent a 75,000 square feet (7,000 m2) expansion. In March 1996, Nordstrom opened as the anchor of the mall's new wing. In 1997, Marshall Field's sold all of its Texas locations, including the location at the mall.[3] Saks Fifth Avenue purchased, renovated, and relocated its store to a new space in 1999, while the original Saks location at the mall was later converted into a Gap Inc. megastore housing Banana Republic on the first level, Gap on the second level, and Old Navy on the third level.

In 2002, Hines Interests sold the mall to UBS Realty Investors LLC of Hartford, Connecticut, for $300 million.[4] By 2003, a major renovation began and the mall's name was changed to "Galleria Dallas."

In April 2005, UBS Realty Investors LLC acquired the Westin Galleria Hotel, which is attached to the mall, from Hines Interests for $95 million.[5]

In April 2009, General Growth Properties, the management company of the mall, declared bankruptcy. In June, Simon Property Group obtained management rights effective August 1.[6]

In August 2011, a man committed suicide by jumping from the third floor of the mall, landing in the ice skating rink.[7]

On March 22, 2012, H&M opened on the second floor across from Saks Fifth Avenue. On June 15, 2013, Saks Incorporated officially closed its Saks Fifth Avenue store in Dallas, which was soon renovated and replaced in 2014 by Belk.[8][9]

In April 2018, the AC Hotel and Residence Inn Dallas opened at the mall.[10]

In May 2018, Trademark Property Co. was hired to manage, lease, and re-plan the mall.[11]

See also

References

  1. ↑ "Property Details". Hines Interests Limited Partnership.
  2. ↑ "Galleria Dallas". Galleria Dallas.
  3. ↑ "Retailing". Los Angeles Times. August 29, 1996.
  4. ↑ Halkias, Maria (May 15, 2018). "Galleria Dallas isn't waiting around for Valley View owners to get moving". The Dallas Morning News.
  5. ↑ Brown, Steve (April 8, 2005). "UBS Realty Investors Acquires the 432-room Westin Galleria Hotel in North Dallas for $95 million". The Dallas Morning News.
  6. ↑ "Simon Adds Leasing, Management, and Marketing Duties at Two Centers" (Press release). Simon Property Group. June 24, 2009.
  7. ↑ "Dallas police say Colorado man who died in 50-foot fall from top floor of Galleria likely committed suicide". The Dallas Morning News. August 10, 2011.
  8. ↑ Halkias, Maria (January 29, 2013). "Galleria Dallas is losing Saks and gaining Belk". The Dallas Morning News.
  9. ↑ Halkias, Maria (March 22, 2014). "Belk opening in Galleria Dallas". The Dallas Morning News.
  10. ↑ Kezar, Korri (May 15, 2018). "Fort Worth real estate agency to build the future of the Galleria Dallas". American City Business Journals.
  11. ↑ Kimbel-Sannit, Arren (June 29, 2018). "As real estate gets pricey, Dallas hotel operators find a new way". The Dallas Morning News.

Coordinates: 32°55′48.00″N 96°49′10″W / 32.9300000°N 96.81944°W / 32.9300000; -96.81944

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