East entrance to Alderwood.
|Opening date||October 4, 1979|
|Developer||Edward J. DeBartolo Sr.|
|Management||General Growth Properties|
|Owner||General Growth Properties|
|No. of stores and services||200 |
|No. of anchor tenants||4|
|Total retail floor area||1.5 million ft² |
|No. of floors||1 (Anchors have 2 each)|
Alderwood, formerly Alderwood Mall, is a regional shopping mall in Lynnwood, Washington. It is anchored by JCPenney, Macy's, Nordstrom, and Sears and comprises both a traditional enclosed mall and two open-air areas known as The Village and The Terraces. General Growth Properties manages and co-owns the property with an institutional investor.
Originally opened in 1979 after over ten years of delays by developer Edward J. DeBartolo Sr. on land originally owned by Allied Stores, Alderwood Mall's anchors included The Bon Marché, Lamonts, Nordstrom, JCPenney and Sears. The mall was later sold to the New York State Common Retirement Fund, which retained DeBartolo's management company to operate the center, and remained essentially unchanged except for the addition of a court and cosmetics renovations in 1995-1996. After briefly being managed by Simon Property Group following its acquisition of the DeBartolo mall interests in 1996, in 1997 General Growth Properties assumed management of the property. General Growth became co-owner of the mall following the formation of a joint venture with the New York pension fund in 1999.
Facing a major vacancy with the 2000 closure of Lamonts, General Growth used the opportunity to embark on a major renovation and expansion of Alderwood Mall in 2002. The old Lamonts store was purchased and razed for the construction of a new Nordstrom that opened in 2003. The former Nordstrom was leveled in its turn for the construction of The Village, an attached, open-air lifestyle area on the mall's northern side comprising new shops, restaurants and a Borders Books & Music. At the same time a second expansion, The Terraces, was constructed on the mall's southwest side incorporating an expanded food court, restaurants and anchored by a new 16-screen Loews Cineplex multiplex which opened in 2005. The expansion included two new parking garages, and the theater was constructed over subterranean parking. The 'mall' was dropped from the name at this time and became simply Alderwood.
The Bon Marché was briefly renamed Bon-Macy's in 2003, before assuming the Macy's name in 2005. The Loews company was merged with AMC Theatres and was branded with the AMC/Loews name in 2006.
|This section does not cite any references or sources. (August 2012)|
- Macy's (221,000 ft²; opened 1979 as The Bon Marché, renamed 2005)
- Nordstrom (151,000 ft²; opened 1979, replaced 2003)
- Sears (178,000 ft²; opened 1979)
- J.C. Penney (159,000 ft²; opened 1979)
- "Owner of Westlake, Alderwood and other malls files for bankruptcy protection". Retrieved 1 September 2014.
- "General Growth Properties Expands its Co-Investments With New York State Common Retirement Fund". Retrieved 1 September 2014.
- "Alderwood Mall". Malls.Com.
- Borders store closure list