Broward Mall
LocationPlantation, Florida
Opening date1978 (1978)
Previous names
  • Broward Mall (1978–2007)
  • Westfield Broward (2007-2021)
DeveloperArvida Corp., Homart Development Company, and Federated Department Stores, Inc.
ManagementPacific Retail Capital Partners, Inc.
Ownerunknown bank
ArchitectRTKL Associates, Inc.
No. of stores and services87
No. of anchor tenants4 (3 open, 1 vacant)
Total retail floor area1,000,000 square feet (93,000 m2)
No. of floors1 (2 in anchors)
Websitevisitbrowardmall.com

Broward Mall (previously known as Westfield Broward) is a shopping mall in Plantation, Florida.

Hours

Broward Mall is open from 11:00 a.m. until 8:00 p.m. on Sundays and 10:00 a.m. until 9:00 p.m. Monday through Saturday. [1]

The mall is closed on Christmas Day (December 25). [2]

History

The mall was opened in August 1978, with the name Broward Mall. Original anchors were Burdines, Sears, and Jordan Marsh (the latter made its debut in November), in a similar manner to Town Center at Boca Raton (1980) and Miami International Mall (1982). JCPenney was constructed a year later.

Today, it has popular department stores and anchors including Dillard's (in the former JM/Mervyn’s spot), JCPenney, Macy's (née Burdines), and Regal Cinemas.[3]

The mall was previously owned by the Westfield Group, which acquired it in 2007 from SPG-FCM Ventures, a 50/50 joint venture between an entity owned by Simon Property Group and funds managed by Farallon Capital Management; SPG-FCM Ventures had acquired the previous owner, Mills Corporation, earlier that year.[4]

Mills had acquired it from Cadillac Fairview Corporation of Toronto in 2003.[5]

On February 28, 2013, it was announced a 12-screen Regal Cinemas was opened in the mall in December 2013.[6]

In 2015, Sears Holdings spun off 235 of its properties, including the Sears at Westfield Broward, into Seritage Growth Properties.[7]

In 2017 the size of the Sears store was reduced by half and other shops were opened in the space, including Noire the Nail Bar; the Sears store closed in 2018.[8] The first and the second floor of the former Sears is expected to become Powerhouse Gym and Game Time.

In June 2021, the owner Unibail-Rodamco-Westfield announced that it would be turning ownership of the mall over to its lenders after it was revealed the value of the mall had dropped below the outstanding loan on the property and that owner had stopped making payment on its loan.[9] The Westfield name dropped shortly after the ownership of the property was transferred, returning to its original name of Broward Mall.

See also

References

  1. ↑ "Macy's Broward Mall: Clothing, Shoes, Jewelry Department Store".
  2. ↑ "Macy's Broward Mall: Clothing, Shoes, Jewelry Department Store".
  3. ↑ "South Florida shopping malls, then and now". Sun-Sentinel.com. Retrieved 13 October 2018.
  4. ↑ "Press release: Westfield buys two U.S. shopping centres". Westfield via Reuters. August 10, 2007.
  5. ↑ Brenner, Elsa (December 15, 2002). "Galleria to Be Sold and Spruced". The New York Times.
  6. ↑ "Movie theater coming to Westfield Broward mall". sun-sentinel.com. Archived from the original on 29 May 2013. Retrieved 25 April 2018.
  7. ↑ "At Westfield Broward Mall | Seritage".
  8. ↑ Huriash, Lisa J. (July 11, 2018). "Goodbye, Sears. Hello bowling alley at Westfield Broward Mall?". Sun-Sentinel.com.
  9. ↑ Vazquez, Christina (June 17, 2021). "Westfield Broward owner turning mall over to lender". WPLG.

26°7′3″N 80°15′17″W / 26.11750°N 80.25472°W / 26.11750; -80.25472

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.