Raleigh Springs Mall
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| Raleigh Springs Mall | |
| Facts and statistics | |
|---|---|
| Location | Memphis, Tennesse, USA |
| Address | 3384 Austin Peay Hwy. |
| Opening date | 1971 |
| Developer | Edward J. DeBartolo Corporation |
| Management | Simon Property Group |
| No. of anchor tenants | 4 (1 open, 3 vacant) |
| Total retail floor area | 918,217 square feet (85,305.2 m²)[1] |
| No. of floors | 1 |
| Website | Official website |
Raleigh Springs Mall is an enclosed shopping mall serving the city of Memphis, Tennessee, USA. It is located on the north side of Memphis, on Austin Peay Hwy. just north of Interstate 40. Opened in 1971 as one of the city's first two shopping malls (the other being Southland Mall),[1] Owned and managed by Simon Property Group, Raleigh Springs Mall features more than thirty stores and a twelve-screen multiplex, with Sears as its anchor store; three other anchors, formerly occupied by JCPenney, Goldsmith's and Dillard's, have been vacant since being closed in 2003.
[edit] History
Raleigh Springs Mall opened in 1971. Developed by the Edward J. DeBartolo corporation (now known as Simon Property Group)[2] as one of the first two malls in the Memphis area, it featured four major anchor stores: national chains JCPenney and Sears, as well as local chains Lowenstein's (which was sold to Dillard's in 1982) and Goldsmith's. A Woolworth dime store also served as a junior anchor next to JCPenney; after the Woolworth store closed in the 1990s, it was replaced with a twelve-screen multiplex.
Initially the dominant mall in the Memphis area, Raleigh Springs Mall would lose several stores over time as newer malls opened, such as Hickory Ridge Mall and Mall of Memphis.[1] (Hickory Ridge Mall, in turn, has lost most of its national tenants as well, while Mall of Memphis has been demolished; both of these malls lost most of their business to the newer Wolfchase Galleria, which opened in 1997.)[2]
By the 2000s, Raleigh Springs Mall had begun to lose many of its tenants. In early 2003, Dillard's announced that its location at Raleigh Springs Mall would be one of several stores closed that year.[3] Federated Department Stores (now known as Macy's, Inc.), who had just acquired the Goldsmith's nameplate, announced that the Goldsmith's location at Raleigh Springs would be shuttered by April of the same year.[4] Finally, the JCPenney store (which had been downgraded to a JCPenney outlet center) was closed as well, leaving Sears as the only anchor store.
Starting in 2005, Wal-Mart began negotiations with Simon Property Group to open a Supercenter at the mall. These plans would call for the demolition of the former JCPenney space, as well as the mall's movie theater, to make way for the Supercenter.[1][5] As of 2008, however, the site of the former JCPenney store remains vacant.
[edit] References
- ^ a b c d Ashby, Andy (2007-01-08). Wal-Mart negotiating for Raleigh Springs space (page 1 of 2). Memphis Business Journal. Retrieved on 2008-05-03.
- ^ a b Smith, Eric. Malled by the competition. The Daily News. Retrieved on 2008-05-03.
- ^ Dillard's to close Raleigh Springs store. Memphis Business Journal (2003-01-31). Retrieved on 2008-05-03.
- ^ Moore, Linda A. (2003-01-17). Federated Department Stores Closes Goldsmith's Store in Memphis, Tenn.. Retrieved on 2008-05-03.
- ^ Ashby, Andy (2007-01-08). Wal-Mart negotiating for Raleigh Springs space (page 2 of 2). Memphis Business Journal. Retrieved on 2008-05-03.
[edit] External links
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