Fayette Mall

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Fayette Mall
Facts and statistics
Location Lexington, KY
Opening date 1971
Developer Richard E. Jacobs Group Inc.
Management CBL & Associates Properties
Owner CBL & Associates Properties
No. of stores and services 111 stores
No. of anchor tenants 5
Total retail floor area 1,074,922 square feet (99,864 m²)
(GLA)
Parking 5,704
No. of floors 1
Website http://www.shopfayette-mall.com

Fayette Mall is a successful regional shopping mall in Lexington, Kentucky, located at 3401 Nicholasville Road in southern Lexington.

Contents

[edit] History

It was opened by developer Richard E. Jacobs Group Inc.[1] in 1971, supplanting Turfland Mall as Lexington's largest shopping mall. Its original anchor stores included Sears, Shillito's and Stewart Dry Goods. Fayette Mall was renovated and enlarged in 1993. [2]

The mall was acquired in 2001 by CBL & Associates Properties Inc. of Chattanooga, Tennessee, which classifies Fayette Mall as one of its superior shopping centers, one of a dozen "distinct, high-performing properties" in its portfolio of more than 100 malls and shopping centers.[3]

Fayette Mall's sales of $492 per square foot is the second-highest among CBL's properties.[4] As of 2007 Fayette Mall featured 1,074,922 square feet (99,864 m²) of gross leasable area, 111 in-line stores and 5,704 parking spaces on 86.6 acres. There are no vacant parcels at the mall.[5]

[edit] Anchors

[edit] Upscale Stores

[edit] Growth Beyond the Mall

In 2006, CBL opened The Plaza at Fayette Mall, a 190,000-square-foot (18,000 m²) center adjacent to the mall and occupied by restaurants, various retailers, and a Cinemark Theatres 16.

[edit] References

  1. ^ Jacobs Group web site, http://www.rejacobsgroup.com/index.aspx?id=33
  2. ^ CBL & Associates Properties Inc. web site, http://www.cblproperties.com/SITEPL~1.NSF/ByStateforWebNew/F6789BEE9E001DA9852569D200662A16?opendocument
  3. ^ CBL & Associates Properties Inc. web site, http://www.cblproperties.com/cbl.nsf/PropertySpecial
  4. ^ CBL Associates Properties Inc. Form 10-K for the year ended December 31, 2006
  5. ^ Fayette Mall web site, http://www.shopfayette-mall.com/shop/fayette.nsf/facts

[edit] External links

Fayette Mall web site: http://www.shopfayette-mall.com

CBL & Associates Properties Inc. web site: http://www.cblproperties.com