Heritage Mall

Heritage Mall

The center in 2009
Location Albany, Oregon
44°37′50″N 123°04′49″W / 44.6305°N 123.0804°W / 44.6305; -123.0804Coordinates: 44°37′50″N 123°04′49″W / 44.6305°N 123.0804°W / 44.6305; -123.0804
Opening date 1988
Developer County Fair Mall Associates
Owner Vintage Real Estate
No. of anchor tenants 5
Total retail floor area 406,500 square feet (37,770 m2)

Heritage Mall is a shopping center in Albany in the U.S. state of Oregon. Anchored by Target, the 406,500-square-foot (37,770 m2) mall opened in 1988.[1] Located near the junction of Interstate 5 and U.S. Route 20, the mall sits on 33 acres (13 ha) and is the largest in the Albany-Corvallis-Lebanon metropolitan area.[2]

History

A groundbreaking ceremony has held in August 1987, with the opening of the $21.5 million center expected in November 1988.[3] The mall started with three anchor stores and plans for 60 to 70 other stores.[3] Troutman's Emporium and J. C. Penney were announced as the first anchors to sign-up for the center in August 1987,[4] with Target later becoming the third anchor. Emporium was to occupy a 44,000-square-foot (4,100 m2) space, while the Penney's store was 34,000 square feet (3,200 m2).[4] Robacor Associates and Roebbelen Land Company of California developed Heritage Mall.[5]

The owners of the center filed for bankruptcy in December 1994, still owing $9.16 million to the contractors who built the mall.[6] In August 2005, Heritage Mall was sold to Steadfast Commercial Properties of California for $34 million.[6] Gottschalks opened a store at Heritage in 2005,[7] which closed in 2009.[8] At the time Gottschalks opened, other anchors were Target, Sears, Ross Dress for Less, and Old Navy.[6] The mall was remodeled in 2006.[6] The center was sold by Jones Lang LaSalle in December 2012 to Vintage Real Estate.[2][1] In May 2013, Hobby Lobby announced plans to open its first store in Oregon in the former Gottschalks space.[1][8]

In October 2014, Sears announced that it would close its store in the mall in early 2015.[9]

See also

References

  1. 1 2 3 Culverwell, Wendy (May 23, 2013). "Hobby Lobby to make 60,000-square-foot splash in Oregon". Portland Business Journal. Retrieved 24 May 2013.
  2. 1 2 Lathrop, Steve (December 11, 2012). "Mall ownership changes hands". Albany Democrat-Herald. Retrieved 25 May 2013.
  3. 1 2 MacKenzie, Bill (August 30, 1987). "Revitalizing Downtown Albany caught twixt, tween". The Oregonian. p. D4.
  4. 1 2 "Emporium, Penney to anchor mall". The Register-Guard. August 27, 1987. p. 1B. Retrieved 25 May 2013.
  5. ↑ "Investment pace continues strong in third quarter". The Oregonian. December 27, 1987. p. C9.
  6. 1 2 3 4 Paul, Alex (September 19, 2005). "Heritage Mall booked for a facelift". Corvallis Gazette-Times. Retrieved 25 May 2013.
  7. ↑ "Fresno, Calif. -- apparel-focused department store Gottschalks plans to open a new, 44,000-square-foot unit in Albany, Ore., this April; Items; Brief Article". DSN Retailing Today. 44 (3): 29(1). February 7, 2005. ISSN 1530-6259.
  8. 1 2 Lathrop, Steve (May 21, 2013). "Hobby Lobby fills Heritage anchor spot". Albany Democrat-Herald. Retrieved 25 May 2013.
  9. ↑ http://democratherald.com/news/local/albany-sears-to-close-in-january/article_da9a527a-555f-11e4-b913-53fb540cb857.html
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