Mall of the Mainland
|Address||10000 Emmett Lowry Expy, Texas City, TX|
|Opening date||March 20, 1991|
|Closing date||January 29, 2014|
|Developer||Edward J. DeBartolo Corp|
|Owner||Pacific National Bank|
|Architect||Herring Marathon Group|
|No. of anchor tenants||3|
|Total retail floor area||451,813 SF|
|No. of floors||1|
Coordinates: Mall of the Mainland was a shopping mall located off the Emmett F. Lowry Expressway near Interstate 45 (Gulf Freeway) in Texas City, Texas. It was opened on March 20, 1991. The mall has 300,000 square feet (28,000 m2) of space. The mall is currently still anchored by Sears, Palais Royal, and Cinemark Movies 12, with vacant anchors previously occupied by J. C. Penney, Foley's (later Macy's), and Dillard's.
Opening and Struggling
Mall of the Mainland was announced to the public on June 13, 1989 by The Herring Marathon Group. Sears and Dillard's had already purchased plots of land at the property ahead of the announcement. Sears announced plans to close at the Galvez Mall when the new store opens at Mall of the Mainland. JCPenney was announced as the 3rd anchor on October 14, 1989 and closed their downtown Texas City location to open at the mall. Edward J. DeBartolo Corp. was brought in as a partner of the mall in October 1989. Construction of the mall began in late 1989 after 11 years of planning and waiting for the economy to improve enough to build the mall. The mall was planned to host 5 anchor stores and a cinema. The mall was planned to include 110 store and food court spaces, but only leased 51% of the store space by the time of the opening. The mall opened with 31 stores and 4 department stores on March 20, 1991. Several of the interior stores were still under construction when the mall opened. In September of 1991 the mall was half-full of interior stores and was already seen as struggling. The mall was built on the anticipation of nearby population growth. Foley's signed on to build a massive 150,000 square foot store at the mall on October 6, 1993 when mall interior occupancy was at 58%. The Foley's opened on October 26, 1994.
Debt, New Ownerships, and Sale
October 29, 1997 came with the announcement that DeBartolo had given up the mall to Mainland Holding Company/ Chase Bank owing over 61 million. In 2002 the mall was sold to Triyar COS; Bob Yari and Kim Mateen who also owned the Greenspoint and San Jacinto Malls. Occupancy in 2002 was 65% at the mall and the new owners planned to increase tenants to the mall. Affordable Furniture opened in September of 2006. In 2007 the mall was purchased in 2007 by the Brentwood group and by 2010 Pacific National Bank took over the mall when the previous owners fell into bankruptcy. In September 2008 the mall was closed after Hurricane Ike but reopened by September 18. Boxer was hired to manage the property. Boxer had helped several malls including Sharpstown now PlazAmericas come back to life.The value of the mall had plummeted since the mall opened in 1991. Boxer was released in late 2012 and the property was put up for sale starting at 15.4 million. At this time, the price stands at $8,860,000.
Ups and Downs
The mall had several ups and downs over the years. Every new management team brought new stores and helped increase sales for a short time, but the small gains were never sustained for long periods of time. Many sections of the mall never had stores and stayed covered up by sheet rock and were painted with murals or fake storefronts. The highest occupancy for the interior of the mall was around 70%.
December 2005: JCPenney pulls out and opens at Baybrook Mall.
September 2008: Dillard's is damaged by Hurricane Ike and is subsequently closed. FEMA moved into the Dillard's for two years.
March 2012: Macy's closes at the mall.
- Aulds, T.J. (2010-06-25). "Emmett F. Lowry overpass raises questions". Galveston Daily News. Retrieved 2011-01-15.
- Bivins, Ralph. "Mall of the Mainland bought / Investors seek turnaround for languishing center." Houston Chronicle. Friday May 17, 2002. Business 1. Retrieved on January 23, 2010.