Moorestown Mall

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Moorestown Mall
Moorestownmalllogo.jpg
Location Moorestown, New Jersey, USA
Opening date 1963[1]
Owner Pennsylvania Real Estate Investment Trust
No. of stores and services 90+
No. of anchor tenants 4
Total retail floor area 1,059,405 square feet (98,421.9 m2)[1]
No. of floors 1 (2 in each department store)
Website www.moorestown-mall.com

The Moorestown Mall is a shopping mall in Moorestown, New Jersey, owned by Pennsylvania Real Estate Investment Trust.Coordinates: 39°56′37″N 74°57′46″W / 39.9436°N 74.9629°W / 39.9436; -74.9629 Originally opened for business in 1963, Moorestown Mall underwent a partial renovation in 1986 and was completely renovated in 1993-94,[2] after a serious fire damaged the northeast quarter of the mall on December 23, 1992.

Prior to Rouse Co.'s purchase of the mall in December 1997, The May Co. had committed to build an upscale Lord & Taylor store, with a new Strawbridge's as anchors to the mall. In addition a Guess store joined the mall, as an upscale retailer.

Nordstrom considered opening a store in South Jersey also, but they did not commit to the mall's expansion plans.

In an attempt to protect the Cherry Hill Mall, a mere 3 miles (4.8 km) away, the Rouse Co. acquired the Moorestown Mall. Pennsylvania Real Estate Investment Trust acquired the Cherry Hill Mall, Echelon Mall, Moorestown Mall, Exton Square, Plymouth Meeting Mall, and Gallery at Market East on March 7, 2003. In 2011, Moorestown residents voted to allow liquor sales at the Moorestown Mall in order to increase revenues at the mall.

Redevelopment[edit]

Moorestown Mall in 2012

The Moorestown Mall lies only 3 miles (4.8 km) away from the Cherry Hill Mall which recently underwent a major expansion to accommodate high end stores, but Moorestown is now undergoing a renovation of its own. As of late, the mall has accumulated a couple of minor, although noticeable vacancies. That is expected to change, however, when the side of the mall facing Route 38 is expected to get a more "Village"-like appearance due to the addition of Eastern Mountain Sports along the exterior. Also, Chipotle Mexican Grill has accompanied the new renovation. A larger redevelopment is expected to be announced sometime in the future. Activity on the northeast parking lot of the mall yielded a new Pei Wei Asian Diner, along with Potbelly Sandwich Works, opened in summer 2008.

In 2011, Moorestown residents voted to allow liquor sales at the Moorestown Mall in order to increase revenues at the mall.[3] As a result, PREIT is planning on purchasing four liquor licenses and planning on opening new restaurants at the mall.[4]

On December 22, 2011, PREIT and the Regal Entertainment Group announced their intent to build a new state-of-the-art 56,000 sq ft 12-screen theater known as Regal Moorestown Mall Stadium 12, which will feature the new Regal Premium Experience (RPX).[5][6] Scheduled to be open for the fall 2013 movie season,[7] the theater will take over the current 7-screen United Artists Theaters present at the mall, while the adjacent skate park will be used as an expansion to the new theater which will more than double the size of the current theater.[6] Additionally, the theater will mark the first RPX theater in the market, which feature digital projectors, surround sound, 2D and RealD 3D, stadium seating with high-back rocking recliner seats, and Regal Express kiosks for automated ticket purchasing.[5]

Anchors[edit]

Interior of Moorestown Mall

Junior anchors[edit]

Former anchors[edit]

  • Filene's Basement (later Pay/Half, now mall space)
  • Gimbels (later Stern's)
  • Ports of the World (now Boscov's)
  • ShopRite (moved across the street and later Pathmark, now food court and other mall space)
  • Stern's (later Ports of the World)
  • Strawbridge's (now Macy's)
  • Wanamaker's (later Hecht's and Strawbridge's; torn down for new Strawbridge's)
  • Woolworth (later Vans Skate Park, and Foot Locker; now Black Diamond Mountain Sports)
  • RKO Stanley Warner's Plaza Moorestown Theatre (later REG United Artists Moorestown 7 Theatre)

References[edit]

  1. ^ a b "Moorestown Mall Fact Sheet". PREIT. Retrieved 2010-10-14. 
  2. ^ The Rouse Co. acquires Moorestown Mall
  3. ^ Hefler, Jan (November 9, 2011). "Moorestown repeals liquor ban". The Philadelphia Inquirer. Retrieved November 19, 2011. 
  4. ^ Van Allen, Peter (November 15, 2011). "PREIT plans fine dining at N.J. mall now that town alcohol ban over". Philadelphia Business Journal. Retrieved November 29, 2011. 
  5. ^ a b "PREIT to Add 12-Screen, 3D Regal Cinemas Theatre to Moorestown Mall". MarketWatch. December 22, 2011. Retrieved January 4, 2012. 
  6. ^ a b Scott, Rob (December 23, 2011). "New Moorestown Mall Theater Will Be State-of-the-Art - Moorestown". Patch Media. NJ Patch. Retrieved January 4, 2012. 
  7. ^ http://moorestown-mall.com/movie_listings

External links[edit]