Phipps Plaza

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Phipps Plaza
PhippsPlaza0810.jpg
Location Atlanta, Georgia, United States
Opening date 1969
Developer Ogden Phipps
Management Simon Properties
Owner Simon Properties
No. of stores and services 112
No. of anchor tenants 3
Total retail floor area 821,000 sq ft (76,300 m2)
No. of floors 3
Website Phipps Plaza

Phipps Plaza is a shopping mall located in the Buckhead district of Atlanta. Owned by Simon Property Group, the retail center is located at the intersection of Peachtree Road (Georgia SR 141) & Lenox Road (Georgia SR 141 Connector) and sits adjacent to its sister-mall Lenox Square in the heart of Buckhead's commercial center. The mall is named after its original developer, Ogden Phipps.

Phipps is known for its interior decor, which consists of mahogany walls, marble floors, glass elevators, chandeliers, and a massive, carpeted staircase. Anchored by Saks Fifth Avenue, Nordstrom, and Belk which closed in 2018. It is adjacent to the Phipps Tower office building.[1]

History[edit]

In 1969, Phipps Plaza opened as the first multi-level mall in Atlanta, aiming to become the South's leading shopping destination. The mall originally opened with two levels. Purchased by financier Ogden Phipps in 1966 for less than $600,000, the development was sold in 1992 to Simon Properties for $488 million. That year, in development as part of a $140 million renovation and expansion, Phipps added a third anchor, Parisian, a department store based in Birmingham, Alabama, owned by the parent company of Saks Fifth Avenue, to its original anchors Saks Fifth Avenue and Lord & Taylor. The expansion would also add a 14 screen AMC theatre, a new food court, new elevators, and the addition of one new level. Phipps Plaza remains Atlanta's only Saks Fifth Avenue venue. Lord & Taylor would close their Phipps Plaza location in 2004 citing an overly competitive regional marketplace. The store served as one of the original anchors for 35 years. The space was eventually completely renovated to make way for Atlanta's third Nordstrom, which opened in March 2005. On August 2, 2006, it was announced that Belk was acquiring the Parisian chain of department stores, with the store being converted to the Belk name in the fall of 2007.

On November 13, 2017, Belk announced that it would close its location at Phipps Plaza during the summer of 2018. On November 14, Simon Property Group announced that it would replace Belk with a 150-room Nobu Hotel and restaurant, 300,000 square foot Class A office tower, 90,000 square foot Life Time Athletic facility and a 30,000 square foot food hall. The hotel and restaurant are expected to open in late 2019 with plans for the other portions of the project to debut in phases in 2020.[2]

See also[edit]

References[edit]

  1. ^ Sams, Douglas. "Carter's HQ likely moving to Buckhead." Atlanta Business Chronicle. October 12, 2012. Updated October 22, 2012. Retrieved on May 23, 2013.
  2. ^ Zandman, Eli (November 14, 2017). "Simon Says Bye to Belk, Konnichiwa to Nobu Hotel and Restaurant". Tomorrow's News Today - Atlanta. Retrieved November 14, 2017.

External links[edit]

Coordinates: 33°51′11″N 84°21′44″W / 33.85312°N 84.36217°W / 33.85312; -84.36217