The Loop (Methuen, Massachusetts)
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| Location | Methuen, Massachusetts, U.S. |
|---|---|
| Opening date | September 4, 1973 |
| Closing date | 1997 |
| Developer | First Hartford Realty |
| Owner | Wilder Companies |
| No. of stores and services | 70 |
| No. of anchor tenants | 2 |
| Total retail floor area | 500,406 square feet (46,489.2 m2)[1] |
| No. of floors | 1 |
The Loop, formerly Methuen Mall, is a shopping mall in Methuen, Massachusetts, United States. It was built in 1973 on a 60-acre (240,000 m2) site and initially included Howland and Sears as its anchor stores, as well as 70 other retailers. It remained in operation until 1997 and was demolished in early 1999, undergoing redevelopment soon afterward into a strip mall known as The Loop.
History[edit]
In July 1972, Manchester, Connecticut–based First Hartford Realty announced construction of Methuen Mall. The site chosen for the mall was on Massachusetts Route 213 between Interstate 93 and Interstate 495, on a 22-acre (8.9 ha) plot of land which was previously a portion of the Mann family apple orchard. At the time of development, First Hartford Realty had confirmed that the mall would cost about $14 million to build, and would include Sears and White Plains, New York–based Howlands department store as the anchor stores.[2] By January 1973, mall developers had confirmed that Sears would open by September, with the rest of the mall following soon afterward. The 137,000-square-foot (12,700 m2) store included more than fifty departments for merchandise, as well as a 23,000-square-foot (2,100 m2) automotive repair center in the parking lot.[3] Howlands, whose store was the largest in the chain, opened on September 17.[4] The rest of the mall then opened on November 5.[5] In 1977, Howlands closed and was replaced by Jordan Marsh.[6]
In 1982, Filene's Basement opened a 25,000-square-foot (2,300 m2) store as the mall's third anchor.[7] Sold to JMB Realty after development, the mall was sold again to MetLife in 1984 along with a Caldor-anchored strip mall adjecent to Methuen Mall, and Auburn Mall in Auburn, Massachusetts.[8]
1990s[edit]
In 1990, New England Development announced the development of The Mall at Rockingham Park across the state line in Salem, New Hampshire.[9] Shortly before the opening of the Rockingham Park mall, the Methuen Mall had a vacancy rate of four percent.[10] The building of the Rockingham Park mall posed major challenges for the Methuen Mall, including because New Hampshire had no sales tax.[11][12][13] As the Rockingham Park mall would also contain a Sears among its anchor stores, MetLife representatives stated that they were unsure if Sears would shutter its Methuen store upon opening of the Salem location, but also felt that they would be able to secure a new tenant should the Sears close.[9] By 1992, both Sears and Filene's Basement had moved to Mall at Rockingham Park.[14]
Ann & Hope moved into the former Sears location in 1993. This store closed in 1995 along with Jordan Marsh, leaving the mall without an anchor.[15] As of 1996, the mall had lost more than a quarter of its 65 tenants.[11] When the only nearby convention center closed, the mall attempted a novel strategy to attract customers, opening an expo center in the former Ann & Hope.[16][17][18][19] The center's first event was an all-night rave.
Nonetheless, business continued to diminish at the mall until the only remaining tenant was an Applebee's restaurant.[20] When new developers attempted to evict the Applebee's, it refused.[20] Eventually, it lost a long court battle and vacated the property.[20][21]
Demolition and redevelopment[edit]
When the Methuen Mall finally closed, the city of Methuen took a huge financial hit, seeing property tax revenue fall from US$60 million annually to US$18 million annually for the site alone.[22] In 2000, the land was redeveloped by The Brickstone Companies as The Loop.[23] The new, non-enclosed shopping center has no real anchor stores, but contains a Home Depot, AMC Theatres, and Marshalls, as well as about twenty smaller businesses, including Pearle Vision, a store that was in the original Methuen Mall.
The Stop & Shop at the Loop closed in February 2020.[24]
References[edit]
- ↑ Directory of major malls. MJJTM Publications Corp. 1990. p. 311. Search this book on
- ↑ "Real estate mart". Boston Globe. July 2, 1972. pp. A9. Retrieved August 31, 2020.
- ↑ "New Sears opens in Methuen Sept. 4". The Lowell Sun. August 26, 1973. pp. E4. Retrieved August 31, 2020.
- ↑ "Opening scheduled for new Howland department store". The Lowell Sun. September 4, 1973. p. 16. Retrieved August 31, 2020.
- ↑ "Methuen Mall opens Nov. 5". The Lowell Sun. November 5, 1973. p. 2. Retrieved August 31, 2020.
- ↑ "Jordan Marsh opening twelfth in chain of stores at Methuen Mall". The Lowell Sun. July 17, 1977. pp. E5. Retrieved August 31, 2020.
- ↑ "Filene's to open new basement store". The Boston Globe. October 9, 1982. p. 21. Retrieved August 31, 2020.
- ↑ "Insurer buys 3 Mass. malls". Boston Globe. June 8, 1984. p. 37. Retrieved August 31, 2020.
- ↑ 9.0 9.1 "Mass. woes moving experience for some firms to NH". Boston Globe. August 5, 1990. pp. NH7. Retrieved August 31, 2020.
- ↑ "Fighting the Massachusetts recession". Boston Globe. June 16, 1991. Unknown parameter
|url-status=ignored (help) - ↑ 11.0 11.1 Dabilis, Andy (July 14, 1996). "Retail malls empty of customers, businesses". Boston Globe. Unknown parameter
|url-status=ignored (help) - ↑ Walkowitz, Rebecca L. (August 15, 1991). "A winner at Rockingham: New mall seen tough challenge for Methuen". Boston Globe. Unknown parameter
|url-status=ignored (help) - ↑ Meyers, Jack (April 4, 1994). "Northern Mass. pols again seek sales-tax exemptions". Boston Herald. Unknown parameter
|url-status=ignored (help) - ↑ "More shoppers at the stores, but spending levels unclear". Boston Globe. December 6, 1992. pp. 1, 7. Retrieved August 31, 2020.
- ↑ "Methuen Mall loses last anchor store". The Boston Globe. November 5, 1995. p. 9. Retrieved August 28, 2020.
- ↑ Davis Bushnell (March 17, 1996). "Valley Expo Center is new hope for Methuen Mall". The Boston Globe. p. 6. Retrieved August 28, 2020.
- ↑ Perkins, Anita (February 28, 1996). "An experiment worth watching". The Eagle-Tribune. Unknown parameter
|url-status=ignored (help) - ↑ Cassidy, Tina (February 17, 1996). "Troubled mall turns to event-type tenant". Boston Globe. Unknown parameter
|url-status=ignored (help) - ↑ Cole, Caroline Louise (July 5, 1998). "Voice of youth helped shape planned entertainment/shopping mall". Boston Globe. Unknown parameter
|url-status=ignored (help) - ↑ 20.0 20.1 20.2 Applebee's Northeast v. Methuen Investors, 709 N.E.2d 1143 (Mass. App. Ct. 1999).
- ↑ Van Voorhis, Scott (June 11, 1999). "Applebee's restaurant ruling clears way for Methuen Mall makeover". Boston Business Journal. 19 (18). Unknown parameter
|url-status=ignored (help) - ↑ Grillo, Thomas (May 23, 2004). "Methuen Community Snapshot". Boston Globe. Archived from the original on March 12, 2007. Unknown parameter
|url-status=ignored (help) - ↑ Bushnell, Davis (August 12, 2000). "The Loop gives new purpose to former mall". Boston Globe.
- ↑ Edelstein, Breanna (February 19, 2020). "Stop & Shop to leave Methuen next week, earlier than planned". Eagle-Tribune. Unknown parameter
|url-status=ignored (help)
External links[edit]
- Official site of The Loop
Coordinates: 42°44′36″N 71°9′36″W / 42.74333°N 71.16000°W
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