Redlands Mall
Redlands Mall was a mall in Redlands, California with two anchors, CVS Pharmacy and Gottschalks. The mall, located on about 11 acres on Orange Street between Redlands Boulevard and Brookside Avenue, was built in 1977.[1]
History[edit]
The mall was planned in 1977 to revitalize the city of Redlands. After demolishing some stores and the La Posada hotel, the mall was built in 1977 by The Hahn Company. It offered more than 173,000 square feet of enclosed leasable space and a 12,586-square-foot freestanding retail building.[1] It had two floors and contained a Sav-on Drugs store (which was re-branded to a CVS Pharmacy) and Harris'. During the 1980s the mall was getting a heavy boom since it had stores with much lower prices than most open-air malls in Redlands such as Citrus Plaza. During the mid '90s the mall was showing signs of weakness with most popular stores being replaced by independent tenants. In 1998, original tenant Harris' closed being replaced by Gottschalks shortly after since the Harris-Gottschalks accquisition took place that same year. The mall really started struggling in the early 2000s when sales dropped to exceedingly low numbers. After only twelve years as a tenant Gottschalks filed for bankruptcy in 2009 and closed all stores, including the Redlands Mall location. After struggling financially after the closure of Gottschalks, the mall, by then operated by General Growth Properties, announced its closure on September 30, 2010. The mall's store owners had been ordered to vacate the premises after receiving news that their leases had been terminated. The mall has been left vacant for more than four years. CVS Pharmacy still continues to serve customers but has closed all entrances to the mall from its store.
Purchase[edit]
In July, 2014, San Diego-based Brixton Capital LP, the private equity investment vehicle for BruttenGlobal, purchased the mall. The new owner plans to convert the mall to a mixed-use project with residential and retail development.[1]
References[edit]
- ↑ 1.0 1.1 1.2 Emerson, Sandra. "Redlands Mall has been sold". www.redlandsdailyfacts.com. Redlands Daily Facts. Retrieved 25 October 2014.
Coordinates: 34°03′23″N 117°11′04″W / 34.056466°N 117.184402°W
Template:General Growth Properties
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