In retail, an "anchor tenant", sometimes called an "anchor store", "draw tenant", or "key tenant", is a larger tenant in a shopping mall a department store or retail chain. With their broad appeal, they are intended to attract a significant cross-section of the shopping public to the center, they are offered steep discounts on rent in exchange for signing long-term leases in order to provide steady cash flows for the mall owners. When the planned shopping centre format was developed by Victor Gruen in the early to mid-1950s, signing larger department stores was necessary for the financial stability of the projects, to draw retail traffic that would result in visits to the smaller shops in the centre as well. Anchors have their rents discounted, may receive cash inducements from the centre to remain open. Early on, grocery stores were a common type of anchor store. However, research on consumer behavior revealed that most trips to the grocery store did not result in visits to surrounding shops.
Large supermarkets remain common anchor stores within power centers however. As of 2005, the declining popularity of old-line department stores makes it necessary for mall management companies to consider re-anchoring with other retail alternatives, or mix commercial development with residential development to guarantee a captive clientele; the challenges faced by the traditional large department stores have led to a resurgence in the use of supermarkets and gyms as anchors. The International Council of Shopping Centers makes the presence of anchors one of the main defining characteristics of the two largest categories of centres, the regional center with 400,000 to 800,000 square feet in gross leasable area, the superregional center with more than 800,000 square feet of space; the regional center has two or more anchors, while the superregional has three or more. In each case, the anchors account for 50–70% of the centre's leasable space. Shopping centres with anchor stores have outperformed those without one, as the anchor helps draw shoppers attracted to the anchor to shop at other shops in the mall.
Retail Shopping centre Supermarket
Hadley Corner is a one-story shopping center in Hadley, United States, with nine stores planned. It is located on Route 9, on Russell Street in Hadley, Massachusetts between Amherst and Northampton five miles east of I-91's Exit 19 and across the street from the Mountain Farms Mall; the Hadley Corner location was home to the Montgomery Company. Alexander William Montgomery along with his sons Robert J Montgomery and Alexander William Montgomery started the rose growing business in the early 1900s on 54 acres and 4 acres of greenhouses; the business was a stalwart presence in Hadley. Several local pressure groups paint this facility as being a cause of concern with land loss, excessive traffic and an insufficient water supply. Other residents support the development as it enables customers to obtain lower prices and allows the convenience of large stores that otherwise would have required long trips to Springfield, they point to the area's growing population as needing new stores and a plan by the state of Massachusetts to complete the widening of Route 9 from Northampton to the Amherst border as a solution to traffic jams
Macy's is an American department store chain founded in 1858 by Rowland Hussey Macy. It became a division of the Cincinnati-based Federated Department Stores in 1994, through which it is affiliated with the Bloomingdale's department store chain; as of 2015, Macy's was the largest U. S. department store company by retail sales. As of February 2019, there were 584 full-line stores with the Macy's nameplate in operation throughout the United States, Puerto Rico, Guam, its flagship store is located at Herald Square in the Manhattan borough of New York City. The company had 130,000 employees and earned annual revenue of $24.8 billion as of 2017. Macy's has conducted the annual Macy's Thanksgiving Day Parade in New York City since 1924 and has sponsored the city's annual Fourth of July fireworks display since 1976. Macy's Herald Square is one of the largest department stores in the world; the flagship store covers an entire New York City block, features about 1.1 million square feet of retail space, includes additional space for offices and storage, serves as the endpoint for the Thanksgiving Day parade.
The value of Herald Square has been estimated at around $3 billion. Macy's was founded by Rowland Hussey Macy, who between 1843 and 1855 opened four retail dry goods stores, including the original Macy's store in downtown Haverhill, established in 1851 to serve the mill industry employees of the area, they all failed. Macy moved to New York City in 1858 and established a new store named "R. H. Macy & Co." on Sixth Avenue between 13th and 14th Streets, far north of where other dry goods stores were at the time. On the company's first day of business on October 28, 1858 sales totaled $11.08, equal to $320.27 today. From the beginning, Macy's logo has included a star, which comes from a tattoo that Macy got as a teenager when he worked on a Nantucket whaling ship, the Emily Morgan; as the business grew, Macy's expanded into neighboring buildings, opening more and more departments, used publicity devices such as a store Santa Claus, themed exhibits, illuminated window displays to draw in customers.
It offered a money back guarantee, although it accepted only cash into the 1950s. The store produced its own made-to-measure clothing for both men and women, assembled in an on-site factory. In 1875, Macy took on Robert M. Valentine, a nephew. La Forge of Wisconsin, the husband of a cousin. Macy died in 1877 from inflammatory kidney disease. La Forge died the following year, Valentine died in 1879. Ownership of the company remained in the Macy family until 1895, when the company, now called "R. H. Macy & Co.", was acquired by Isidor Straus and his brother Nathan Straus, who had held a license to sell china and other goods in the Macy's store. In 1902, the flagship store moved uptown to Herald Square at 34th Street and Broadway, so far north of the other main dry goods emporia that it had to offer a steam wagonette to transport customers from 14th Street to 34th Street. Although the Herald Square store consisted of just one building, it expanded through new construction occupying the entire block bounded by Seventh Avenue on the west, Broadway on the east, 34th Street on the south and 35th Street on the north, with the exception of a small pre-existing building on the corner of 35th Street and Seventh Avenue and another on the corner of 34th Street and Broadway.
This latter 5-story building was purchased by Robert H. Smith in 1900 for $375,000 – an incredible sum at the time – with the idea of getting in the way of Macy's becoming the largest store in the world: it is supposed that Smith, a neighbor of the Macy's store on 14th Street, was acting on behalf of Siegel-Cooper, which had built what they thought was the world's largest store on Sixth Avenue in 1896. Macy's ignored the tactic, built around the building, which now carries Macy's "shopping bag" sign by lease arrangement. In 1912, Isidor Straus died in the sinking of the Titanic at the age of 67 with Ida; the original Broadway store was designed by architects De Lemos & Cordes, was built in 1901–02 by the Fuller Company and has a Palladian facade, but has been updated in many details. There were further additions to the west in 1924 and 1928, the Seventh Avenue building in 1931, all designed by architect Robert D. Kohn, the newer buildings were Art Deco in style. In 2012, Macy's began the first full renovation of the iconic Herald Square flagship store at a reported cost of $400 million.
Studio V Architecture, a New York-based firm, was the overall Master Plan architect of the project. Studio V's design raised controversy over the nature of contemporary design and authentic restoration; the building was added to the National Register of Historic Places as a National Historic Landmark in 1978. In the 1960s, Macy's built a store on Queens Boulevard in Elmhurst, in the New York City borough of Queens; this resulted in a round department store on 90 percent of the lot, with a small owned house on the corner. Macy's no longer occupies this building, which now contains the Queens Place Mall, with Macy's Furniture Gallery as a tenant. More distant acquisitions included Lasalle & Koch, Davison-Paxon-Stokes, L. Bamberger & Co. O'Connor Moffat & Company and John Taylor Dry Goods Co.. O'Connor Moffat was renamed Macy's San Francisco in 1947 becoming Macy's California, John Taylor was renamed
Barnstable County, Massachusetts
Barnstable County is a county located in the U. S. state of Massachusetts. As of the 2010 census, the population was 215,888, its county seat is Barnstable. The county consists of associated islands. Barnstable County comprises the Barnstable Town, MA Metropolitan Statistical Area, included in the Boston-Worcester-Providence, MA-RI-NH-CT Combined Statistical Area. Barnstable County was formed as part of the Plymouth Colony on 2 June 1685, including the towns of Falmouth and others lying to the east and north on Cape Cod. Plymouth Colony was merged into the Province of Massachusetts Bay in 1691. Cape Cod is described in a letter from the Italian explorer Giovanni da Verrazzano to Francis I of France, relating the details of a voyage to the New World made on behalf of the French crown in the ship Dauphine, the only surviving of a fleet of four. Sailing from Madeira in 1524, the Dauphine made land in North Carolina in March, it sailed north to Newfoundland, mapping the coast and interviewing the natives, whom he found friendly south of the cape, but unfriendly north of it.
To the north of an island that reminded Verrazzano of Rhodes, the Dauphine made its way with difficulty over shoals "never less than three feet deep" extending "from the continent fifty leagues out to sea," which Brevoort, based on their extent, has identified as Nantucket Shoals. Verrazzano called them Armellini. On the other side was a promontory, the cape, as they sailed along it for "fifty leagues." Details of the north end are not given, but subsequently they came to a "high country, full of dense forests, composed of pines," which, according to Brevoort and others, resembles the coast of Maine. After Verrazzano, what is now the eastern United States acquired the map label of New France, but France had no way to develop it. Scattered colonies in the wilderness of a few dozen men could not be supported until the foundation of Quebec in 1608. Meanwhile, the paper claim did not deter entrepreneurs. In March, 1602, Bartholomew Gosnold set sail from Falmouth, Cornwall, in the ship, transporting a crew of 8, an exploration party of 12, 20 colonists, with the intent of establishing a trading post in the New World.
Intersecting the coast of Maine, they turned to the south, encountered what appeared to be an island, dropped anchor in Provincetown Harbor. Gosnold at first called the land Shoal Hope, but after discovering it was a cape, acquiring a hold full of cod from the abundant schools in Cape Cod Bay, he changed the name to Cape Cod. Gosnold explored the cape, establishing good relations with the natives there 1500 members of the Nauset Tribe related in language and custom to the Wampanoag people of the mainland, under their sovereignty. John Brereton, chaplain of the expedition, reported that they were dark-skinned, customarily nude except for deerskins over the shoulders and sealskins around the waist, wore their long, black hair up in a knot, they painted their bodies. Some knew a few English words, something of a historical problem, as Gosnold and his companions are believed to have been the first English to land in America. Gosnold made a point of describing. Subsequently, Gosnold sailed around the cape to discover an island, "full of wood, gooseberry bushes, raspberries, etc." as well as large numbers of shore birds.
He named it Martha's Vineyard after his daughter. Another island nearby, Cuttyhunk Island, he named Elizabeth Island, in honor of Elizabeth I of England, from which the Elizabeth Islands take their name, he intended to place a trading post there, but when the time came for the return voyage, the colonists decided not to remain. Gosnold ventured a second time to the New World in 1608 as Captain John Smith's second in command of the Jamestown expedition. After three months there he died of malaria. In 1603 another mercantile expedition set sail from Bristol, England, in two ships, the Speedwell and the Discoverer, commanded by a 23-year-old captain, Martin Pring. Elizabeth I had died two weeks earlier, but Pring had secured permission from Sir Walter Raleigh, who held from the queen exploration rights to all of North America. According to the U. S. Census Bureau, the county has a total area of 1,306 square miles, of which 394 square miles is land and 912 square miles is water, it is the second-largest county in Massachusetts by total area.
It has 550 miles of shoreline. Barnstable County is not co-extensive with Cape Cod; the latter is a geophysical term defined by its peninsular landmass. According to Freeman, it is a "long, irregular peninsula" between 65 mi and 75 mi, measured along the north or the south shores and between 5 mi and 20 mi wide, he points out, only the tip was considered the cape, but as it was settled the name extended from its tip to the shortest line across the isthmus. Barnstable County, on the other hand, is a legal term, it is the area contained within the borders of all cities and towns defined to be in the county by the Massachusetts General Court. These borders were located in multiple episodes of disputed legislation during the centuries since the foundation of Plymouth Colony; the main difference between Cape Cod and Barnstable County is the band of water up to several miles wide extending from the shoreline to the outermost county border. The offshore area contains significant maritime life, as well as being a recreational and transportational medium, containing historical material lost with sunken ships.
The highest elevation in the county is 306 feet (93 m
Cape Cod Mall
Cape Cod Mall is a shopping mall in the Hyannis village of Barnstable, Massachusetts. The mall opened in 1970 and was renovated and expanded in the late 1990s, bringing the property to 728,380 square feet of gross leasable area, it is managed and owned by Simon Property Group. As of 2019, the mall is anchored by Barnes & Noble, Best Buy, Macy's in two locations, Marshalls. Previous anchors include department stores Filene's, Jordan Marsh, Woolworth's, Sears. General merchandise retailer Target will open in part of the former Sears in fall 2019; the Cape Cod Mall was proposed in the late 1960s as a super-regional retail center for Barnstable County, due in part to rapid population growth. Before the mall was built, a Storyland theme park resided in its location. On June 15, 1970, the mall was opened to the public, with an initial capacity of 50 stores, was anchored by Sears, Filene's and Woolworth's, all of which had locations in downtown Hyannis on Main Street. Behind the mall were two movie theaters, with two screens each.
These two theaters would compete directly with the Hyannis Drive-In Theater, located right down Route 132, up until 1985. In 1977, Filene's was expanded to two levels to accommodate the need for more selling space, was thus notable for being the first location on Cape Cod with escalators; the following year, a new wing was added on the south side of the mall, with 25 additional stores and a fourth anchor, Jordan Marsh. The mall remained the same for the next two decades, with a small food court added and an interior renovation completed in the mid-1980s. In 1993, Woolworth's, which by that time was experiencing financial problems, announced their plans to close the mall store, had vacated by early 1994. In 1996, Jordan Marsh was converted into Macy's; the mall's largest renovation began in the same year that Simon acquired the mall. An additional, atrium-style wing was built, extending through and beyond the shuttered Woolworth space; this expansion brought 40 new stores, as well as anchor stores Best Buy, Marshalls and a two-story 30,000 square feet Barnes & Noble.
Featured in the new wing were a larger food court - with over 10 vendors, seating for 500 people, a central cathedral skylight - and a carousel. Other projects included doubling the size of Sears and constructing a 12-screen, stadium seating cinema complex; the old cinemas behind the mall were demolished for parking space. In 2005, the May Department Store chain, which included Filene's, was acquired by Federated Department Stores, who owned Macy's. In 2006, Federated converted the Filene's store into a Macy's women's/accessory store as their main store, while their preexisting Macy's location became a "men's, kids and home" store; as a result, Cape Cod Mall is one of the few malls to incorporate a second Macy's store following the acquisition of May Department Stores by Federated, enabling Macy's to offer 225,000 square feet of total floor space, on par with many of the larger Macy's stores nationwide. The other malls to incorporate a second Macy's are Fox Run Mall in Newington, New Hampshire, Northshore Mall in Peabody, Massachusetts.
On September 20, 2014, three Afghanistan military officers visiting Camp Edwards went missing from the mall during an event where they were to be introduced to American culture. They were found trying to enter Canada while asking for asylum near Niagara Falls. On August 8, 2017, Ryan Family Amusements announced that they would be opening the Ten Pin Eatery, a joint venture between Ryan Family Amusements and Chapin's Restaurant Group, in the Macy's Men's, Children's, Home Furnishings store wing. Construction began in the fall of 2017, the tenant opened on April 23, 2018, it includes a 24-person laser tag center, a full bar and a 50-game arcade. On April 4, 2018, The Cape Cod Mall and town of Barnstable released to the Cape Cod Times new renderings of a remodeled section of the mall; this rendering showed the Sears department store and other stores around that area redeveloped into two new department stores at the time named the red tenant and the green tenant. The design of red tenant resembled the design of a Target store.
It was announced that the Sears Auto Center would be torn down and replaced with 41 new parking spaces. On July 10, 2018, Target announced they would be building an estimated 80,000 square foot store in the space occupied by Sears. According to the Target website the Target store will have kids products, appeal, home decor, seasonal items and vacation essentials, more; the store will have a Starbucks location inside the store. The estimated opening for the store is 2019. On October 4, 2018, it was announced that Sears would be closing as part of a plan to close 12 stores nationwide; the store closed on December 9th, 2018. The following month, the mall's last remaining original tenant, closed its doors. In March 2019, mall tenants Five Guys, Chipotle Mexican Gril
Mountain Farms Mall
Mountain Farms Mall is a shopping center in Hadley, United States, with 12 stores. It is located on Route 9, at 335 Russell Street in Hadley, between Amherst and Northampton five miles east of Exit 19 off I-91; the mall is owned by S. R. Weiner and WS Development. Mountain Farms first opened to the public on Nov. 1973 as an indoor shopping mall. Original anchor stores were Almy's. After the neighboring Hampshire Mall opened in 1978, business at Mountain Farms fell off. In the heyday of its first incarnation were about 40 stores in the mall. By 1990, the Mountain Farms was referred to as "the dead mall", containing a hot tubbing location, a weekly flea market and an AMC theater. By the spring of 1994 its original 35 stores had declined to four. In May 1994 Wholesale Depot Inc. filed bankruptcy under Chapter 11 of the United States Bankruptcy Code and closed its store which opened at the mall in December 1992. In June 1997, WS Development, an open-air shopping center developer, showed interest in refurbishing the mall and as part of this plan it envisioned devoting a third of its space to a Walmart store.
The Planning Board members at the time raised concerns about the appropriateness of a Walmart in Hadley saying that they preferred small and unique stores. In 1998 permission was obtained to bring in the Walmart. In April 1998 a citizens group in Hadley filed suit against W. S. Development and the Hadley Planning Board seeking to overturn the Planning Board's decision to grant site plan approval. In July 1998 a Hampshire Superior Court justice dismissed the lawsuit. On August 19, 1998 the mall was sold by Henry Rosenberg of New York City, trustee of MFF Realty Trust, to W. S. Hadley Properties, care of S. R. Weiner and Associates Inc. of Chestnut Hill. The buyers were sister companies of the mall's prospective developers. Construction on the new project began in February 1999. Peoples Bank of Holyoke purchased a boarded-up former Bess Eaton doughnut shop adjacent to the Mountain Farms Mall. Walmart opened its store in February 2000. Linens'N Things opened its store in September 2000, closed in 2008 after liquidating.
An Old Navy opened a month in October 2000. In 2001, Barnes & Noble opened a store in the revamped mall. In 2002 Michael's, an arts and crafts store, opened between Marshall's and Bread & Circus supermarket. In September 2002 the Kai Chi restaurant in the Mountain Farms Mall closed as a consequence of their landlord W. S. Development Associates, LLC of Chestnut Hill purchasing the remaining 10 years on their lease. In 2003 a 16,400-square-foot expansion of the Bread & Circus at Mountain Farms Mall began. A 63-room, 27,700-square-foot Econo Lodge was constructed that opened in 2003 in front of Mountain Farms Mall. During this time period the Hampshire Mall was regarded as the dead mall in comparison to the vibrant Mountain Farms Mall. Eastern Mountain Sports, Pier 1 Imports, Panera Bread, Famous Footwear opened stores in mall in 2004. A new expanded Whole Foods Market opened in June 2004. Home Depot obtained permission for a 323,000-square-foot shopping center adjacent to the mall in the year. In May 2006 the town voted in favor of the "Compatible Building Size Bylaw" which measure placed 75,000-square-foot cap on retail building size prohibiting future malls and shopping centers from coming to the Route 9 corridor.
The proposed Lowe's home improvement center, Home Depot, Walmart Supercenter projects, all of which have begun or completed the planning process, will not be affected. The Home Depot and Hadley Corner retail project was shut down in March 2006 by the state Department of Environmental Protection. In 2007 construction began at the rear of the mall for a Planet Fitness which opened in 2008. Bed and Beyond opened in the former Linens N' Things space in November 2009. There is no interior entry other than a set of vestigial doors between Panera Bread and EMS. Starting in 1997, when Walmart started expressing interest in establishing a store, an organized group of area residents have sought to oppose any Walmart development plans, Walmart epitomizing what they oppose. In 2005 Walmart wished to build a new 212,000-square-foot Supercenter southeast of the Hampshire Mall. However, there have been various hindrances as a consequence of a bylaw designed to keep out large stores by restricting new stores to 75,000 square feet as well as local organized opposition.
After two years of negotiations, on November 20, 2007, a subdivision plan that exempted the planned Walmart Supercenter from the current bylaw restrictions was approved. Developers have eight-years to get a site plan approved; this would certainly mean the current store, attached to the east end of Mountain Farms Mall, would close. There continues to be tensions within the Hadley community between those that want development for shopping, business and employment reasons versus those that wish to not allow any more development in order to keep Hadley as rural as possible; the Walmart at the Mountain Farms Mall has been the scene of various demonstrations since it opened, not all of which impinged directly on Walmart. On May 2, 2004 activists picketed the store to publicize what they have called the "Walmartization of health care," and to vocalize what they saw as a need for a national health insurance plan." Some customers, felt harassed and complained to the store manager who called the police.
All the other stores in the mall placed a call in complaint of the protest. According to the police, the protectors stopped customers
Arsenal Yards is a planned mixed-use, smart growth development in Watertown, with an estimated opening date of late 2019. The area is home to the original Arsenal Mall site, being redeveloped for Arsenal Yards, it will include 250,000 square feet of retail and restaurants, 200,000 square feet of office space, a 150-room Hampton Inn hotel, 425 residences. Located on the site of the former Watertown Arsenal, predating the Civil War, New England Development opened the mall as Arsenal Marketplace in 1983. Original anchor stores included Ann & Hope. Ann & Hope closed in the early 2000s, was replaced by Home Depot and Linens'n Things. Simon Property Group purchased the center in 1999; the mall featured the only digital game clock used at the Boston Garden in its food court. The mall was purchased by developers Boylston Properties and The Wilder Companies in 2013 and renamed The Arsenal Project. In 2016, plans were introduced by Boylston Properties to redevelop the property into Arsenal Yards, a mixed-use neighborhood for residents and visitors.
In January 2017, the Watertown Planning Board unanimously approved the plans. Opening is expected in late 2019, with two stores remaining open throughout the duration of construction – Marshalls and Home Depot. Official website