Moorestown Mall
| 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 Township, New Jersey, owned by Pennsylvania Real Estate Investment Trust.Coordinates: 39°56′37″N 74°57′46″W / 39.9436°N 74.9629°W Originally opened for business in 1963, Moorestown Mall underwent a partial renovation in 1986 and was totally renovated in 1993 and 1994 after a fire in the northeast quarter of the building.[2]
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 Township residents voted to allow liquor sales at the Moorestown Mall in order to increase revenues at the mall.
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[edit] Redevelopment
The Moorestown Mall lies only 3 miles (4.8 km) away from the Cherry Hill Mall which is undergoing major expansions to accommodate high end stores, but the mall 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 will yield a new Pei Wei Asian Diner, along with Potbelly Sandwich Works, opened in summer 2008.
In 2011, Moorestown Township 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 in time for the 2013 summer movie season, the theater will take over the current 4-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]
[edit] Anchors
- Boscov's (202,765 sq ft.)
- Lord & Taylor (121,200 sq ft)
- Macy's (200,000 sq ft.)
- Sears (205,591 sq ft)
[edit] Junior anchors
- Eastern Mountain Sports (15,414 sq ft)
- United Artists Theatres (Expanding to 57,155 sq ft as Regal Mooreston Mall Stadium 12 by 2013)
[edit] Former anchors
- Filene's Basement (later Pay/Half, now mall space)
- Gimbels (later Stern's)
- Ports of the World (now Boscov's)
- 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)
[edit] References
- ^ a b "Moorestown Mall Fact Sheet". PREIT. http://www.preit.com/download/leasing/detail/factsheet/10.pdf. Retrieved 2010-10-14.
- ^ The Rouse Co. acquires Moorestown Mall
- ^ Hefler, Jan (November 9, 2011). "Moorestown repeals liquor ban". The Philadelphia Inquirer. http://articles.philly.com/2011-11-09/news/30378227_1_preit-liquor-sales-liquor-licenses. Retrieved November 19, 2011.
- ^ Van Allen, Peter (November 15, 2011). "PREIT plans fine dining at N.J. mall now that town alcohol ban over". Philadelphia Business Journal. http://www.bizjournals.com/philadelphia/news/2011/11/15/preit-plans-fine-dining-at-nj-mall.html. Retrieved November 29, 2011.
- ^ a b "PREIT to Add 12-Screen, 3D Regal Cinemas Theatre to Moorestown Mall". MarketWatch. December 22, 2011. http://www.marketwatch.com/story/preit-to-add-12-screen-3d-regal-cinemas-theatre-to-moorestown-mall-2011-12-22. Retrieved January 4, 2012.
- ^ a b Scott, Rob (December 23, 2011). "New Moorestown Mall Theater Will Be State-of-the-Art - Moorestown". Patch Media. NJ Patch. http://moorestown.patch.com/articles/new-moorestown-mall-theater-will-be-state-of-the-art. Retrieved January 4, 2012.
