Greenspoint Mall

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Greenspoint Mall
Macysgreenspoint.jpg
The now vacant Macy's on the northwest side of the property; closed in 2017. Originally owned & operated by Foley's (1976-2006)
LocationGreenspoint, Houston, Texas, United States
Coordinates29°56′44″N 95°24′42″W / 29.94556°N 95.41167°W / 29.94556; -95.41167Coordinates: 29°56′44″N 95°24′42″W / 29.94556°N 95.41167°W / 29.94556; -95.41167
Address12300 North Freeway
Opening dateJuly 1976 (44 years ago) (1976-07)
ManagementTriyar Cannon Group
OwnerTriyar Cannon Group
No. of stores and services82
No. of anchor tenants6 (2 open, 3 vacant, 1 demolished)
Total retail floor area1,391,432 sq ft (129,300 m2)[1]
No. of floors1 (2 in former Dillard's and Macy's)
Public transit accessMETRO Routes 6, 56, 85, 86, 99, 102, 399
Websitegreenspointmall.com

Greenspoint Mall is a shopping mall located in the Greenspoint neighborhood of Houston, Texas, at the northeast corner of Interstate 45 and Beltway 8 (also known as the Sam Houston Parkway/Tollway). It is anchored by Fitness Connection, which occupies roughly one half of the former Lord & Taylor/Mervyn's anchor, and Premiere Cinemas, which replaced the former J.C. Penney building, demolished in 2010.

In 2000, the mall was among the largest five Houston-area retail developments based on net rentable area.[2]

History[edit]

Greenspoint Mall opened in July 1976, anchored by Sears and Houston-based Foley's, the latter of which was owned at the time by Federated Department Stores who developed the mall. The mall eventually expanded by the late 1970s to include Joske's, JCPenney, Montgomery Ward and Lord & Taylor. Revolving around a "Central Park" theme, complete with a sculpture court, Greenspoint was at one point the largest mall in Greater Houston before the Galleria's later expansions in the 1980s and 2000s. Prudential Property Co. planned a $7 million renovation in 1988.[3]

In February 1989 Greenspoint Mall was 94% occupied, making it the mall with the fourth highest percentage of occupied space in the Houston area.[4]

Dallas-based Archon was near a deal to purchase the mall in 1998,[5] though a Los Angeles developer would unravel the deal when it entered negotiations to purchase the mall instead.[6] Los Angeles developer Bob Yari of Day Properties would eventually purchase the 1,700,000-square-foot (160,000 m2) mall from Prudential Real Estate Investments Separate Account, a pension fund investment group organized by Prudential Insurance Company of America. Yari sought to attract a mutliscreen movie theater.[7]

The mall became a part of a redevelopment project in 1998.[8][9] Office and convention center space, as well as a flea market were all being considered.[10] As part of the redevelopment, the owners bought the closed Mervyn's and JCPenney locations in 2000.[11]

In 2006, the management of Greenspoint Mall announced a $32 million project to refurbish the 30-year-old mall into an hybridized open-air/enclosed shopping center, entailing the demolition of the vacant anchor stores for new outdoor amenities.[12][13] In November 2006, six months after the renovation was announced, Triyar Cos. LLC, owned by the Yari family, put the mall and several other Greater Houston malls for sale; the company allowed a buyer to either buy an individual property, or buy all of them at once.[14]

After several years of nothing happening, GlennLock Sports Bar & Grill announced it would sign a lease for the first phase of the Renaissance at Greenspoint.[15]

After the destruction of the abandoned J.C. Penney's in May 2010, a movie theater was built on the anchor pad, with a connection into the mall, through one of the former Penney's wings.[16]

In May 2010, Sears announced that its store at Greenspoint Mall would close.[17]

On January 4, 2017, Macy's announced that it would close their Greenspoint Mall store by the end of the second quarter of 2017.[citation needed] Liquidation sales were completed and the store closed on March 27, 2017.[citation needed]

In 2017, when Hurricane Harvey hit Houston, and displaced flood victims exceeded the capacity for shelter at the NRG Stadium, around 800 people were relocated to the former Macy's at the mall.[citation needed]

In April 2018, it was announced that the mall was going to close in 60 days.[18]

References[edit]

  1. ^ http://www.greenspointmall.com/index.php?option=com_content&view=article&id=1&Itemid=111
  2. ^ Largest Area Shopping Centers And Malls Houston Business Journal. Friday November 24, 2000. Retrieved on August 3, 2009.
  3. ^ $7 million renovation planned, Houston Chronicle, May 13, 1988.
  4. ^ Bivins, Ralph. "Sales at Houston malls rise/Local retailers cite improving economy, shuttle flights." Houston Chronicle. Friday February 17, 1989. Business 1. Retrieved on August 3, 1989.
  5. ^ Elder, Laura. "Dallas firm buying Greenspoint Mall." Houston Business Journal. Friday February 6, 1998. Retrieved on August 3, 2009.
  6. ^ Elder, Laura. "Buyers compete for Greenspoint Mall." Houston Business Journal. Friday April 10, 1998. Retrieved on August 3, 2009.
  7. ^ Bivins, Ralph. "Greenspoint Mall sold to developer / Owner seeks theater, other changes." Houston Chronicle. August 15, 1998. Business 1. Retrieved on August 3, 2009.
  8. ^ Cook, Lynn. "Greenspoint gets green light from city to create new TIF." Houston Business Journal. Friday September 11, 1998. Retrieved on August 3, 2009.
  9. ^ Bivins, Ralph. "New hope resides in Greenspoint / an ambitious project attempts to rebuild blocks of apartments as well as a reputation." Houston Chronicle. Sunday November 1, 1998. Business 1. Retrieved on August 3, 2009.
  10. ^ Cook, Lynn J. "Greenspoint Mall eyes revival with office, convention space." Houston Business Journal. Friday April 23, 1999. Retrieved on August 3, 2009.
  11. ^ Sarnoff, Nancy. "Greenspoint buyer adds two stores." Houston Business Journal. Friday June 2, 2000. Retrieved on August 3, 2009.
  12. ^ Greenspoint is dressing up / Mall will spend $32 million on new look, new features, Houston Chronicle, April 21, 2006.
  13. ^ Brown, Anitra D. "Greenspoint Mall to get facelift / $32 million project made possible by partnership." Houston Chronicle. Thursday May 18, 2006. ThisWeek 11. Retrieved on August 3, 2009.
  14. ^ Dawson, Jennifer. "Celebrity owner puts group of local malls on the selling block." Houston Business Journal. Friday November 24, 2006. Retrieved on January 23, 2010.
  15. ^ http://texas.realestaterama.com/2009/07/15/frenchys-creates-new-concept-at-the-renaissance-at-greenspoint-ID0256.html
  16. ^ http://swamplot.com/before-the-movies-start-whats-eating-jcpenney-at-the-greenspoint-mall/2010-05-10/
  17. ^ Sarnoff, Nancy. "Greenspoint Sears going dark." Houston Chronicle. February 22, 2010. Retrieved on May 30, 2010.
  18. ^ "The End of the Greenspoint Mall Is Upon Us | Swamplot". swamplot.com. Retrieved 2019-12-14.

External links[edit]