Citadel Mall

Citadel Mall
Location 2070 Sam Rittenberg Boulevard, Charleston, South Carolina, United States 29407
Coordinates 32°47′53″N 80°1′55″W / 32.79806°N 80.03194°W / 32.79806; -80.03194Coordinates: 32°47′53″N 80°1′55″W / 32.79806°N 80.03194°W / 32.79806; -80.03194
Opening date July 29, 1981
Developer Jacobs, Visconsi & Jacobs
Management JLL - Jones Lang LaSalle
Owner TMP SRE 1, LLC
No. of stores and services 100+[1]
No. of anchor tenants 6 (5 open, 1 vacant)
Total retail floor area 1,138,527 square feet (105,773 m2)[1]
No. of floors 1 (2 in Dillard's, Belk, and former JCPenney)
Parking 5427
Website http://www.citadelmall.net/

Citadel Mall, one of the largest shopping malls in the state, is a regional 1,138,527 square feet (105,773 m2) shopping mall located in Charleston, South Carolina, United States. It opened on July 29, 1981 and is located at the intersection of Sam Rittenberg Boulevard (SC Hwy. 7) and I-526. The mall features more than 100 stores, including six anchor stores: the area's largest Belk and Dillard's department stores, Dick's Sporting Goods, Sears and the region's first Target that was recently remodeled to include a new "Fresh Grocery" section. On September 1, 2013 the mall went into foreclosure after then owner CBL & Associates Properties defaulted on mortgage payments and it was purchased at auction by the lender in January 2014. After the auction, the mall was placed under the ownership of a holding company formed by the lender, 2070 Sam Rittenberg Boulevard Holdings LLC and as of January 2017 was under contract to be sold to an undisclosed buyer.[2]

History

The mall opened in 1981 as a project of national mall developer Jacobs, Visconsi & Jacobs of Cleveland, Ohio. Citadel Mall is located at the intersection of Sam Rittenberg Boulevard (S.C. Highway 7) and Savannah Highway (U.S. Highway 17) at the junction of Interstate 526 in the heavily commercialized West Ashley suburb of Charleston, South Carolina.

At the time of its opening, Citadel Mall was anchored by Sears which relocated from a free-standing location in Downtown Charleston at Calhoun and St. Philip Streets, Belk, which shuttered a 1950s store in Pinehaven Shopping Center in North Charleston and relocated to the mall, and Thalhimer's, an upscale Richmond, Virginia based department store chain new to South Carolina owned by Carter Hawley Hale Stores.

Jacobs, Visconsi & Jacobs later became The Richard E. Jacobs Group in the 1990s. The first major change at the mall occurred in 1992 when it was announced that Thalhimer's, now owned by the May Department Store Company would be folded into the Hecht's Department Store chain and the Charleston location would be sold to Dillard's. Dillard's operated in the space for two years before moving to a newly constructed larger building at the mall in 1994. Dillard's sold the former Thalhimer's building to JCPenney, which remodeled the space and operated there until 2001 when it was sold to Target and torn down, replaced by a newly constructed one-story building for Target.

Belk relocated its original mall store into a newly constructed larger two-story building next to Dillard's, selling its old building to Parisian in 2000. When Belk bought the Parisian chain in 2006 from Saks Incorporated and folded the Parisian chain into Belk, the Parisian store at Citadel Mall was closed since Belk already operated a location at the mall. The building was sold to JCPenney, who returned to the mall in 2007.

The Richard E. Jacobs Group added a Food Court and completely remodeled the mall's interior in the early 2000s. Shortly thereafter, Jacobs divested the majority of its mall portfolio and sold Citadel Mall to CBL & Associates Properties. CBL added a sixth anchor store to the mix in 2005 - Dick's Sporting Goods on an outparcel next to the mall's freestanding six screen AMC Theatres.

On April 8, 2008, AMC Theatres announced that it was closing its Citadel Mall Cinema 6 after the final showing on Sunday, April 13, 2008. AMC also announced plans to close its Northwoods Mall Cinema 8 on the same date.

The cinema was originally built as a part of the General Cinemas chain which later was sold to AMC Theatres. General Cinemas had announced plans to demolish and replace the Citadel Mall Cinema 6 with a huge new multiplex featuring stadium seating and Dolby surround sound to be built on a vacant parcel of land behind the existing cinemas. With the sale to AMC these plans never materialized. On April 12, 2008 it was announced that the property was acquired by Southeast Cinema Entertainment of Charlotte, North Carolina. It was reopened temporarily until September 2008 when the current cinema building was demolished. It was replaced by a state of the art sixteen screen megaplex known as Citadel Mall IMAX Stadium 16 with several screens dedicated to art films and featuring stadium-style seating. The new IMAX megaplex opened October 2, 2009.

The mall was prominently featured in an episode of The Food Network's popular program "Food Court Wars" hosted by famed chef Tyler Florence that was taped at the mall in June 2013. The show pitted two couples against one another for the chance to win a lease of a vacant food court space at the mall for a year.

On September 10, 2013 The Post & Courier reported that US Bank National Association filed foreclosure proceedings against Citadel Mall's owners Citadel Mall CMBS LLC, a subsidiary of CBL & Associates Properties in Charleston County Court and had plunged the mall into receivership. Spinoso Real Estate Group of N. Syracuse, NY was retained to manage the mall by the court appointed receiver and continued managing the mall for the holding company that purchased the mall at auction.[3]

JCPenney left the mall again on July 31, 2017 as it announced its closure on March 17.

Current Conditions

Spinoso Real Estate Group aggressively marketed the mall and successfully attracted new tenants during the period in which the mall was under bank ownership. Citadel Mall is seen as a highly attractive property due to its central location and visibility at the convergence of two major highways and an interstate and the fact that it has 6 successful anchor tenants and a new state of the art IMAX cinema complex.

It was announced on February 24, 2017 that the mall was purchased for $17 million by TMP SRE 1, LLC, a limited-liability company of local business persons led by Richard C. Davis who is noted for developing and starring in the first season of A&E's "Flip This House" reality television series. The new owners have indicated that they intend to upgrade the mall's tenant mix to better suit the area while also adding entertainment and mixed-use elements. Former management company Spinoso Real Estate Group has been replaced by the new ownership and the property is now managed by JLL - Jones Lang LaSalle.

Anchors

Food Court

Restaurants

Outparcels

References

  1. 1 2 "Citadel Mall". CBL & Associates Properties, Inc. Retrieved 2011-01-25.
  2. ↑ Wise, Warren (2017-01-17). "Citadel Mall, Charleston's largest shopping center, under contract to be sold". The Post & Courier.
  3. ↑ Wise, Warren (2013-09-10). "Citadel Mall Faces Foreclosure". The Post & Courier.
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