Asheville Outlets

Asheville Outlets
Location Asheville, North Carolina, United States
Address 800 Brevard Road, Asheville, NC 28806
Opening date

October 25, 1989 as Biltmore Square Mall

May 1, 2015 as Asheville Outlets
Developer Seven Seas Partnership, Edward J. DeBartolo Corporation, and Crown American
Owner Symphony Property Group
No. of stores and services 52
No. of anchor tenants 2
Total retail floor area 492,754 sq ft (45,778.3 m2).
No. of floors 1
Parking 3,127 spaces
Website Biltmore Square Mall

History

Asheville Outlets, formerly Biltmore Square Mall, is a shopping mall located just off I-26 on Brevard Road (North Carolina Highway 191) in Asheville, North Carolina.

In March 1998, the mall management (along with other plaintiffs) did attempt to resist annexation of the property on which they reside into the city of Asheville. The attempt was unsuccessful.[1]

In November 2006, Symphony Property Group and two local investment groups (collectively calling themselves Biltmore Eight, LLC) purchased the shopping center[2] with the assistance of a third party loan.[3] Thereafter the managing firm disclosed that the owner decided to expand the property in the first quarter of 2007 by an additional 83,000 sq ft (7,700 m2).

Cinebarre, a new concept in movie theaters and restaurants, was unveiled in the Biltmore Square Mall in 2007. Food, beer, and wine are served before and during the screening of films in the theater.[4]

The mall closed on January 31, 2014, except for the anchors and Dollar Tree.[5] Belk closed at the end of 2014.[6]

The mall reopened on May 1, 2015 as an outlet mall called Asheville Outlets. Its new anchor stores are Dillard's & Field & Stream, with other stores including Nike Factory Store, Under Armour, Coach, Abercrombie & Fitch and about 50 other stores. It is an open-air mall. [7]

Mall Decline

When Biltmore Square Mall first opened in 1989 it wasn't a popular mall due to the large Asheville Mall nearby which dominated Asheville's retail market. In the late 1990s The Asheville Mall expanded adding a food court and many more stores. That caused some tenants to move to the thriving Asheville Mall. Biltmore Square was at its highest vacancy rate at 40%, Although its 3 anchor tenants were unchanged since it opened. In 2007 Proffitts an original anchor closed due to a merging with Belk. The same year Steve & Barry's opened in the former Proffitts location and closed in 2009 due to bankruptcy. Cinebarre opened in 2007 near the food court and was a movie theater restaurant. Davis furniture took Steve & Barry's place and Moved in 2013. When Biltmore Square Mall announced its closing in late 2013 the anchors Belk, Dillard's, and Cinebarre, along with a Dollar Tree could remain open. In early 2014 Belk closed leaving the Asheville Mall location the only Belk in Asheville & Cinebarre closed when the mall was going to be transformed into an outlet mall, leaving Dillard's as the last original anchor.

Anchor Stores

Junior Anchors

Former Anchors

External links

References

  1. ↑ "Biltmore Square Associates v. City of Asheville". Retrieved 2008-01-03.
  2. ↑ Gerfen, Katie. "Asheville's Biltmore Square Mall Sold". Nielsen Business Media, Inc. Retrieved 2008-01-03.
  3. ↑ "Tremont Funds $30,000,000 Retail Loan". Retrieved 2008-01-03.
  4. ↑ "Cinebarre to Debut in Asheville, NC". Business Wire. 2007-03-29. Retrieved 2008-01-04.
  5. ↑ http://blogs2.citizen-times.com/carol/2014/01/24/biltmore-square-mall-to-shutting-its-doors-jan-31-some-stores-to-remain-open/
  6. ↑ http://www.citizen-times.com/story/carol-motsinger/2014/11/06/belk-asheville-biltmore-square/18592103/
  7. ↑ http://www.wlos.com/news/features/top-stories/stories/asheville-outlets-open-may-1-19472.shtml#.VMqwIGTF98t

Coordinates: 35°31′49″N 82°36′18″W / 35.5303°N 82.6049°W / 35.5303; -82.6049

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