Staten Island Mall
|Location||Staten Island, New York, USA|
|Management||General Growth Properties|
|Owner||General Growth Properties|
|No. of stores and services||200|
|No. of anchor tenants||3|
|Total retail floor area||1,274,000 ft²|
|No. of floors||2 (3 in Macy's)|
Staten Island Mall is a shopping mall in the Staten Island borough of New York City, United States. It is the only indoor shopping mall in the borough. It is the largest retail center on the island and is the site of the island's third largest public transit hub after the St. George ferry terminal and Eltingville Transit Center, respectively, with numerous bus routes that connect to the periphery of the mall area.
Description and history
Prior to the construction of the mall, the land was occupied by the Staten Island Airport, which opened in 1941. The site was sold in 1955 with a shopping and amusement center, known as the Staten Island Center, envisaged. Construction, however, did not commence until 1970 and while the grand opening was in 1973, some stores (such as a supermarket) opened on the site much earlier, and were in full operation as early as the summer of 1970, probably earlier. Anchor tenants in later years included Macy's, and Sears. The mall's original developer was Feist and Feist Realty Corp. When the Rouse Company acquired the mall in 1980 they remodeled the mall by adding additional escalators to the six that were working at the time the mall opened, plus additional trees and several new fountains throughout the mall.
The last major renovation and expansion of the mall was in 1993 when the JCPenney wing was completed. It has currently a two-story mall shaped like a letter "T", with a gross leasable area (GLA) of 1,274,000 ft² (114,000 m²) and a tenant GLA of 622,000 ft² (58,000 m²).
On April 16, 2009, Chicago based General Growth Properties, the owner of the Staten Island Mall and over 200 other malls in 44 states filed for bankruptcy amid sharply reduced revenues and a crippling debt burden of over $25 billion. The company's stock price plummeted 97% over the following year, trading at just $1.05. At the time, it seemed likely that the company's strategy for reorganization will include the sale of properties. It was unclear whether the Staten Island Mall would be included as one of those properties. General Growth has since re-emerged from bankruptcy, and Staten Island Mall continues to be owned and operated by General Growth.
In 2008 and 2009, following the US economic meltdown, several stores, including some open for many years, closed down and discount or non-national retailers took their places. Other spaces sat vacant, with their windows being used to display other stores' merchandise. However by mid-2010, higher-end shops such as Michael Kors, Pandora and Armani Exchange opened for business, and presently in 2011 numerous new brands (Teavana, Adidas, Love Culture, etc.) are relocating or updating their looks while new tenants continue to revive the mall's image.
|Staten Island Mall
New York City Shopping mall park and ride transit center
|Address||Richmond Avenue & Platinum Avenue
New Springville, Staten Island, New York
|Line(s)||8 local routes, 1 Select Bus Service route, 4 express routes|
|Parking||park and ride facilities on Richmond Avenue and Marsh Avenue|
|Owned by||General Growth Properties|
|Operator||New York City Transit Authority|
Several local, Select Bus Service and express New York City Transit Authority buses stop and either travel through or on the perimeter (where park and ride facilities exist) of the mall's campus. They include the S44, S94, S59, S89, S61, and S91 local buses/limited counterparts, the S55 and S56 buses with no corresponding limited buses, the S79 Select Bus Service route, and the X17A, X17C, X17J, and X31 express buses.
- Glenn Nyback. "Staten Island Mall cuts hours of operation". SILive.
- General Growth Properties: Staten Island Mall, accessed January 17, 2011
- Michael J. de la Merced (April 16, 2009). "General Growth Properties Files for Bankruptcy". New York Times.
- "Staten Island Bus Map January 2013". MTA. January 2013. Retrieved February 4, 2013.