Fiesta Mall
| Location | Mesa, Arizona, USA |
|---|---|
| Coordinates | 33°23′23″N 111°51′38″W / 33.3898°N 111.8606°WCoordinates: 33°23′23″N 111°51′38″W / 33.3898°N 111.8606°W |
| Address | 1445 W Southern Ave. |
| Opening date | 1979 |
| Developer | Homart Development Company |
| Management | Cushman & Wakefield |
| No. of stores and services | 116 [1] |
| No. of anchor tenants | 5 |
| Total retail floor area | 926,325 sq ft (86,058.4 m2)[2] |
| No. of floors | 2 |
| Website | www.shopfiesta.com |
Fiesta Mall is a regional shopping center in the U.S. city of Mesa, Arizona (part of the Phoenix metropolitan area). Fiesta Mall is located west of Alma School Road, between Southern Avenue and the US 60 (Superstition) freeway.
History
Fiesta Mall was originally developed by the Homart Development Company, which at the time of the opening of Fiesta Mall in 1979 was the real estate division of Sears, Roebuck and Company and was engaged in development of several shopping centers nationwide, anchored by Sears retail locations. In 1995, Homart Development Company and its mall properties were sold to General Growth Properties. Fiesta Mall was acquired by Macerich in 2004 for $135 million.[3]
Fiesta Mall opened with four anchor department stores, Goldwaters (which became Robinsons-May in 1989 and changed to Macy's in 2006 Store closing spring 2014 announced Jan 8th 2014), Diamond's (now Dillard's), The Broadway (which became Macy's in 1996, and closed in 2006 with the location knocked down for a Best Buy and Dick's Sporting Goods, and Sears. It was one of the first major malls to be built in Mesa, which has traditionally been one of the nation's fastest growing areas. There are 116 stores in the mall with a total area of 9,226,325 sq ft (857,153.6 m2).[4]
Fiesta's opening hastened the decline of Mesa's Main Street shopping corridor (although it has rebounded slightly since the 1990s with an emphasis on locally-owned boutiques and related shops). Fiesta Mall itself has seen some decline as since its opening many other regional malls have opened in the area, including the 1990 opening of Superstition Springs Center in east Mesa, the 1997 opening of Arizona Mills (located in Tempe), the 2001 opening of Chandler Fashion Center, and the 2007 openings of Mesa Riverview and Tempe Marketplace. Fiesta Mall underwent a renovation in 2000 in part to try to reverse the trend.[5]
The demographics around Fiesta Mall have changed as the west Mesa area has become less upscale and more blue-collar in nature (as new development in Mesa favors the eastern portions of the city), which hurt sales in Fiesta's more upscale stores.
In May 2007, plans were announced to demolish the vacant Macy's location. The structure has been replaced by a new two-level building that has two separate 50,000-square-foot (4,600 m2) tenants, one on each level. The tenants are Best Buy and Dick's Sporting Goods. Demolition began in November 2007 and new tenants are currently in place.[6] A new retail location has also been created with frontage on Alma School Road for an In-N-Out Burger location.
In November 2013, Macerich turned over Fiesta Mall to its lenders to avoid foreclosure.[7]
Neighborhood
Several strip malls, office complexes (including the Bank of America building on the southeast corner of Alma School and Southern, which is Mesa's tallest building at 16 stories), free-standing bank branches, hotels (among them a 260-room Hilton), apartment complexes and power centers are in the immediate surrounding neighborhood, although many of the power centers date from the 1970s and 1980s and are showing signs of age. Several prominent national retailers have stores in these strip malls. A free-standing Target store is located just west of Fiesta Mall (at the southwest corner of Longmore and Southern), which replaced the now-defunct Montgomery Ward. A branch of the Florida-based Italian dining chain, Olive Garden, and a branch of the California-based casual dining chain Mimi's Cafe are located on Southern Avenue just off the main Fiesta Mall parking lot. An In-N-Out Burger restaurant opened in May 2009 and a Longhorn Steakhouse opened on December 11, 2012 on Alma School Road.
Conversely, a Bennigan's restaurant at the northwest corner of Alma School and Southern, across the street from Fiesta Mall, has sat vacant since at least 2005, and will likely never reopen as a Bennigan's after that restaurant chain's Chapter 7 bankruptcy filing in July 2008 (Bennigan's has since rebranded under new ownership, and as of 2013 is slowly rebuilding as a national chain).
Anchors & Majors
- Dillard's (195,395 sq ft.)
- Macy's (154,728 sq ft.) Closing announced on Jan 8th 2014
- Sears (168,068 sq ft.)
- Best Buy
- Dick's Sporting Goods
References
- ↑ "Store Directory". Fiesta Mall. Retrieved 2011-02-04.
- ↑ "Fiesta Mall". Westcor. Retrieved 2011-02-04.
- ↑ "Westcor buys Fiesta Mall". East Valley Tribune. 2004-11-06.
- ↑ Betty Beard; Tina Shah (August 3, 2005). "Merger will cost Fiesta Mall". The Arizona Republic.
- ↑ "Revitalization Strategy for the Fiesta Mall Super-Regional Retail District". International Economic Development Council. 2004. Retrieved 2006-09-21. (PDF retrieved from City of Mesa website)
- ↑ "Fiesta Mall to raze Macy's site". East Valley Tribute. 2007-05-08.
- ↑ Hansen, Kristena (November 13, 2013). "Macerich turns over Fiesta Mall to lender in lieu of foreclosure". Phoenix Business Journal. Retrieved January 16, 2014.