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
The Brea Mall is a shopping mall located in the Orange County city of Brea, California. Since 1998, the mall has been operated by the Simon Property Group, it is home to four major department stores, 179 specialty shops and boutiques, a food court. It is 1,319,447 sq ft Mall anchors are two Macy's locations, JCPenney, Nordstrom with one vacant anchor last occupied by Sears, yet to be redeveloped into Lifetime Fitness, retail and apartments; the mall opened in 1977. The mall was anchored by Sears and May Company California; the Broadway was added, Nordstrom opened their second California store. J. W. Robinson's and a larger Nordstrom were constructed along with a Y-shaped addition to the main mall in the early 1990s. In 1993, The May Department Stores Company merged J. W. Robinson's and May Company California to form Robinsons-May; as a result, the J. W. Robinson's store was sold to JCPenney, the May Company California location was renamed and expanded; the Broadway was converted to Macy's after Federated Department Stores, Inc.'s purchase of The Broadway's parent company Carter Hawley Hale Stores in 1996.
In 2006, due to the merger between Federated Department Stores and The May Department Stores Company, the Robinsons-May location was converted to a Macy's furniture store. In the 1970s and 1980s the Brea Mall had an ice skating rink, removed to expand the food court; the Brea Mall has been host to recording artists such as Ashlee Simpson, Mýa, Ryan Cabrera, The Summer Obsession. On January 4, 2018, Sears announced that its Brea store would be closing as part of a plan to close 103 stores nationwide; the store closed on April 2018, making it the last original anchor store to close. On April 9, 2018, Simon announced plans to repurpose the Sears with a Life Time Fitness as well as new retail and apartments on three levels; the first phase is expected to open in the fall of 2020, with the remaining phases expected to open in 2021. It is one of the five malls owned by Simon. By June Pink's Hot Dogs opened their own restaurant here. OCTA Routes 57/57x-Brea To Newport Beach serves State College Blvd. City Dr, Bristol St 129-La Habra To Anaheim Serves La Habra Blvd, Beach Blvd, Brea Blvd, Kraemer Blvd 143-La Habra To Brea Serves Harbor Blvd, Brea Blvd 153-Brea To Anaheim Serves Placentia Ave Foothill Transit Route 286 286-Brea-Pomona via Diamond Bar Blvd and Orange Freeway The mall was featured in the Jeffries Fan Club song: "JFC Where Did You Go" on their 1999 album JFC Sucks: The Early Years.
The lyrics are "Visit Chris Rush at the Brea Mall," referencing the band's trumpet player. JCPenney Macy's Macy's Men's & Home Nordstrom Brea Mall Official Site
ABQ Uptown is an outdoor luxury shopping mall owned by Simon Property Group in Albuquerque, New Mexico. It is one of four malls located in the Albuquerque area, houses 51 different stores, its anchor tenants include J. Crew, The North Face, Lush; the outdoor environment of this mall includes music and seasonal decorations. ABQ Uptown opened in 2006 as an open air lifestyle center, was developed by Dekker/Perich/Sabatini, a local architecture firm that specializes in southwest and green design; the brownfield site was a vacant 20 acre lot between Coronado and Winrock Malls the site of St. Pius X High School; the school was razed in the late 1980s to make room for an ambitious mixed-use development called The Commons, which would have included two 22-story office towers and a 14-story hotel. However, this project fell apart and the land remained vacant; the lot was purchased and designed as a mixed-use development zone by Hunt Building Corporation, including a lifestyle center, offices, a grocery store.
In November 2006, ABQ Uptown was opened, brought more retail chains to the area, including several stores that did not serve Albuquerque or New Mexico, such as the state's only Apple Store. Below the infill site, a three level, 300 space parking garage was built to facilitate extra parking. ABQ Uptown opened in two phases. Phase one opened in November 2006, included the shopping centers, parking garage, the realignment of roads and utilities in the area. Phase two was the development and construction of multi-family housing, opened in 2008. Simon Property Group, who used to own Cottonwood Mall, purchased ABQ Uptown from Hunt Building Corporation in 2012. Many of the stores and shops in the "ABQ Uptown" are popular stores; the stores that it holds are. J. Jill, Jos A Bank, L'Occitane, Lucky Brand, Lululemon Athletica, Lush, MAC, McAlister's Deli, Michael Kors, Pottery Barn, Sleep Number, Starbucks, sunglass hut, Sushi Freak, Teavana, The Melting Pot, The North Face, T-Mobile, Toni&Guy hairdressing, White House Black Market and Williams-Sonoma.
This 1,000,000 square foot shopping center is a new main attraction in New Mexico. Competing Real estate owners Simon Property Group, Brookfield Properties Retail Group, Goodman Realty Group own ABQ Uptown, Coronado Center, Winrock Center and are making efforts to revitalize the uptown area. New growth includes the removal of the old Winrock Inn and Winrock 6 theater, the construction of a new Theater, complete with the city's first IMAX theater. New stores and restaurants, such as Dave & Busters, BJ's Restaurant, California Pizza Kitchen, Pottery Barn, H&M have come to Albuquerque. Other stores, such as Banana Republic, The Gap and local jeweler Mati have moved from other malls to ABQ Uptown in an effort to boost business and visibility. Along with creating a new shopping center with popular and brand name shops, part of the areas efforts to uplift this uptown area, apartments were added across the street from the ABQ Uptown shopping center; the 198 unit building opened in 2008. These efficient apartments come with several amenities.
These amenities include. The apartments and the area come with community amenities that include; the pricing and availability of these apartments are subject to change depending on the sized added amenities. There are many different sizes of apartments at the ABQ Uptown Village including number of bedrooms and type of apartments such as studios; these apartments allow pets depending not their size. These apartments are a convenient distance to the ABQ uptown shopping center. Taste of ABQ- A food festival which follows the trend across the U. S. featuring local cuisine. Restaurants based at ABQ Uptown as well as other local restaurants participate in the event, which lasts for one day in early August. Christmas Tree Lighting- Each year, the mall holds an annual Christmas tree lighting with live music and entertainment as well as many sales throughout stores in the mall; the lighting takes place in early December each year. This Christmas tree lighting includes a 45-foot Christmas tree in the middle of all the shops that make a huge attraction for the holidays.
This event includes various performances for entertainment. Holiday Stroll- The mall holds a yearly holiday stroll the same night as the Christmas tree lighting; the stroll includes free hot chocolate and baked goods provided by nearly every store in the mall. Toni and Guys famous "mini manicures" are given out at various locations around the mall
Harlingen is a city in Cameron County in the central region of the Rio Grande Valley of the southern part of the U. S. state of Texas, about 30 miles from the coast of the Gulf of Mexico. The city covers more than 40 square miles and is the second-largest city in Cameron County, as well as the fourth-largest in the Rio Grande Valley; as of the 2010 census, the city had a population of 64,849, for a growth rate of 12.5% since the 2000 census. It is the city with the lowest cost of living in the United States. Harlingen is a principal city of the Brownsville–Harlingen metropolitan area, part of the larger Brownsville-Harlingen-Raymondville combined statistical area, included in the Matamoros–Brownsville metropolitan area. Harlingen's strategic location at the intersection of U. S. Route 77 and U. S. Route 83, co-designated as Interstate 69 East and Interstate 2 in northwestern Cameron County, fostered its development as a distribution and industrial center. In 1904, Lon C. Hill envisioned the Arroyo Colorado as a commercial waterway.
He named the town he founded on the north bank after the Frisian city of Harlingen, in the Netherlands. The town's post office was established that year; the first school opened with 15 pupils in 1905 near the Hill home, the first residence built in Harlingen. Harlingen incorporated on April 15, 1910, when the population totaled 1,126. In 1920, the census listed 1,748; the local economy at first was entirely agricultural. Major crops were vegetables and cotton. World War II military installations in Harlingen caused a jump in population from 23,000 in 1950 to 41,000 by 1960. Harlingen Army Air Field preceded Harlingen Air Force Base, which closed in 1962; the city's population fell to 33,603 by 1972 climbed to 40,824 by 1980. Local enterprise, focused on the purchase and use of the abandoned base and related housing, laid the groundwork for continuing progress through a diversified economy; the estimated population in July 1985 was 49,000. In the late 1980s, income from tourism ranked second only to citrus fruit production, with grain and cotton next in order.
The addition of wholesale and retail trade and medium manufacturing, an array of service industries has broadened the economic base. Large-scale construction for multifaceted retirement communities is a new phase of industrial development; the City of Harlingen operates a busy industrial airpark. At Valley International Airport, the Confederate Air Force occupied hangar and apron space until 1991; the first hospital in Harlingen opened in 1923, consisted of little more than two barracks as wings. The Valley Baptist Hospital was built nearby a few years and the older hospital closed; the Valley Baptist Hospital has grown into the Valley Baptist Medical Center. The city's outstanding network of health-care specialists and facilities parallels the growth of the still-expanding center. Serving regional health needs are the South Texas State Chest Hospital, the State Hospital for Children, the Rio Grande State Mental Health and Mental Retardation Center. Besides public and church-affiliated schools, Harlingen students attend the University Preparatory School, the Marine Military Academy, Texas State Technical College, or Rio Grande Vocational and Rehabilitation classes.
Civic and cultural development in Harlingen has kept pace with the growth of the community. Fraternal orders and civic organizations operating in the community include Rotary, Lions, Optimist, 20-30, VFW, American Legion, the Lower Valley Cotillion Club. Development and appreciation of the fine arts are encouraged by organizations such as the Rio Grande Valley Art League, the Art Forum, the Rio Grande Valley Civic Association, which stages its winter concert series at the 2,300-seat Harlingen Municipal Auditorium; each March, Harlingen is the site of the Rio Grande Valley International Music Festival. The city has two newspapers—the Harlingen Press, a weekly paper established in 1951, the Valley Morning Star, a daily established in 1911. In 1990, the population was 48,735. In 1992, the city was named an All-America City, cited for its volunteer spirit and self-help programs. In 2000, the community had 2,549 businesses; the famous Tejano music singer Selena performed here with her band Selena and the Dinos.
According to the United States Census Bureau, the city has a total area of 40.3 square miles, of which 39.8 square miles is land and 0.5 square miles, or 1.22%, is covered by water. Soils in Harlingen range in texture from fine sandy loam to clay, they are neutral to moderately alkaline with pH of 7.2 to 8.5, are moderately well drained or well drained in most cases, with small areas of poorly drained, saline clays. As of the census of 2000, 57,564 people, 19,021 households, 14,360 families resided in the city; the population density was 1,689.6 people per square mile. The 23,008 housing units averaged 675.3/mi2. The racial makeup of the city was 78.68% White, 0.92% Black, 0.52% Native American, 0.88% Asian, 0.03% Pacific Islander, 16.39% from other races, 2.58% from two or more races. About 72.76 % of the population was Latino of any race. As in other cities in the Lower Rio Grande Valley, a significant part of Harlingen's transient population and a significant contributor to its economy consists of "Winter Texans" retirees from the no
Colorado Mills is a 1,411,627 sq ft outlet shopping mall in Lakewood, Colorado. The mall has 10 anchor stores that include [[Nike Factory OutletSuper Target, Dick's Sporting Goods, H&M, Eddie Bauer Outlet, Saks Fifth Avenue OFF 5TH, Off Broadway Shoe Warehouse, United Artist Theater & IMAX, Jumpstreet and Forever 21, it has a variety of fast food restaurants, fast casual dining and dine-in restaurants like the Yard House, Qdoba Mexican Eats, Sarku Japan and many more. The mall has 174 stores, many that are outlet locations, as well as many locally owned and operated stores and a large variety of kiosks. Walking one full circuit around the mall's main promenade is a mile and has a large following of "mall walkers". On May 8, 2017 the mall was damaged by a hailstorm and closed for six months; the mall re-opened November 21, 2017 and now boasts a new modern look while still keeping inline with its family-friendly atmosphere. Colorado Mills at the Simon Malls website
Fashion Valley Mall
Fashion Valley Mall is an upscale, open-air shopping mall in Mission Valley in San Diego, California. The shopping center has 1,720,533 sq ft of leasable floor area, making it the largest mall in San Diego and one of the largest in California, it is managed by the 50% owner Simon Property Group. Fashion Valley Mall, developed by Ernest W. Hahn, opened in 1969, in part on the former site of the baseball stadium called Westgate Park. Aimed to be the leading shopping center in the San Diego region, it boasted four anchors, The Broadway, JCPenney, J. W. Robinson's and Buffum's. For several years it competed with the neighboring Mission Valley Center. Since its opening, the mall has undergone several changes; the first in August 1981 added Nordstrom and Neiman Marcus, establishing Fashion Valley as the fashion leader in the valley. Following this redevelopment, in 1991, Buffum's closed, their location was reopened in 1992 by upscale specialty San Francisco department store I. Magnin. However, the upscale company closed all stores in the mid-90s, the Fashion Valley location was replaced by Saks Fifth Avenue in 1995.
Robinson's became a Robinsons-May in 1993, while The Broadway was purchased by Macy's in 1996. Due to underperformance, Saks Fifth Avenue closed its Fashion Valley location on July 17, 2010. In October 1997, Gene Kemp led a $110 million renovation project, enlarging the Macy's, Nordstrom and Robinsons-May stores, it increased the mall size to 1,720,533 square feet, 200 stores, added 5 parking structures to accommodate 8,000 cars. In 2001, the owner of the property, Lend Lease Prime Property Fund, brought in Simon Property Group as half-owner and manager of the property. Due to the merger of May Department Stores and Federated Department Stores in 2006, Robinsons-May shuttered their store in March of that year, the location was replaced by San Diego's first Bloomingdale's department store on November 18, 2006. Fashion Valley Mall was involved in a legal case involving the quasi-public nature of some private property; the printers union wanted to distribute leaflets in the mall encouraging patrons to boycott Robinsons-May, because Robinsons-May was an advertiser in the San Diego newspaper with which the printers union was negotiating.
The court held that this activity was protected and allowed on the property though the action was contrary to the business interests of the targeted tenant. The decision is based on article 1 section 2 of the California Constitution
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