Golden Triangle Mall

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Golden Triangle Mall

The mall in November 2007
Location Denton (Denton County), Texas, USA
Coordinates 33°11′17″N 97°06′34″W / 33.1879577°N 97.1093065°W / 33.1879577; -97.1093065Coordinates: 33°11′17″N 97°06′34″W / 33.1879577°N 97.1093065°W / 33.1879577; -97.1093065
Opening date 1980
Management Cencor Realty Services and The Weitzman Group
No. of stores and services 60
No. of anchor tenants 7
Total retail floor area 764,719 sq ft (71,044.7 m2) total
No. of floors 1
Website shopgoldentriangle.com

Golden Triangle Mall is an enclosed, single-level, shopping mall located at the intersection of Loop 288 and I-35E in Denton, Texas. It contains 7 major anchors, a playplace, and total leasable floor area of 764,719 sq ft (71,044.7 m2) total.

History

Golden Triangle Mall opened in 1980 as the first enclosed shopping mall in Denton County. The mall thrived in the 1980s, but began suffering when the much larger Vista Ridge Mall opened in Lewisville, just south on I-35E, in 1989.[1] The mall also suffered from the low-income levels in Denton due to it being a college town.[1] Denton Mall Co. sold Golden Triangle to Simon Property Group in 1999. In 2000, Golden Triangle underwent a $3.5 million renovation of its interior, including new floor tile, updated entrances, restroom facilities, and mall graphics.

In April 2006, the under-performing mall was sold to Feldman Mall Properties at an estimated $40 million with plans to invest over $30 million in renovations.[2] Plans for renovations were halted due to the proposed sale of Feldman Mall Properties and the future development of Rayzor Ranch Town Center. In June 2010, lender JPMorgan Chase & Co. announced its intention to sell Golden Triangle Mall at a foreclosure auction to recoup the $25 million that Feldman Mall Properties still owes on JPMorgan's 2006 loan to Feldman.[3][4] On September 1, 2010, Cencor Realty Services and The Weitzman Group took over management of the mall, with plans to revitalize the mall.[5]

History

The mall's anchors include Barnes & Noble, DSW Shoe Warehouse, two Dillard's stores, JCPenney, Macy's, Ross Dress for Less, and Sears. Macy's was formerly Montgomery Ward until 2001, then Foley's from 2003 to 2006.[6][7] DSW was previously occupied by Service Merchandise, while Ross was previously a Bealls and the secondary Dillard's store was Russell's until 1989.[8][9] In 2012-2014, the new owners decided to renovate the mall. The renovations include new stores such as Buckle, Charlotte Russe, and Body Central. The mall also features a new upscale food court.

See also

  • List of shopping malls in the Dallas/Fort Worth Metroplex

References

  1. ↑ 1.0 1.1 Waller, Susan (October 2, 1989). "First major mall in two years to open in Lewisville". Dallas Morning News. Retrieved June 16, 2010. 
  2. ↑ "Feldman Mall Properties Announces Contract to Acquire Golden Triangle Mall in Suburban Dallas" (Press release). Feldman Mall Properties, Inc. Business Wire. March 14, 2006. Retrieved June 16, 2010. 
  3. ↑ Wilonsky, Robert (June 16, 2010). "Sale at Denton's Golden Triangle Mall! Sorry. Make That: Golden Triangle Mall's For Sale.". Unfair Park (Dallas Observer). Retrieved June 16, 2010. 
  4. ↑ Hudson, Kris (June 16, 2010). "And Then There Was One: Feldman Loses Golden Triangle Mall". The Wall Street Journal. Retrieved June 16, 2010. 
  5. ↑ Cobb, Dawn and Candace Carlisle (September 23, 2010). "New hands guide mall". Denton Record-Chronicle. Retrieved April 12, 2011. 
  6. ↑ "Wards gap to be filled at North East Mall; Lord &Taylor store set to open next year will be Tarrant's first". Fort Worth Star-Telegram. April 13, 2001. p. 1. Retrieved June 16, 2010. "May will convert the former Ward's location at Golden Triangle Mall in Denton into a Foley's, according to the company." 
  7. ↑ Wethe, David (January 3, 2003). "Work under way on Denton Foley's". Dallas Business Journal. Retrieved June 16, 2010. 
  8. ↑ http://inthenews.unt.edu/sites/default/files/PDF/2002/11/24/11_24_2002_DRC_Bittersweet.pdf
  9. ↑ Directory of major malls. MJJTM Publications Corp. 1990. p. 592. 

External links

Shopping malls and shopping/entertainment districts in the Dallas/Fort Worth metroplex
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Mid-Cities and Denton County
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