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Alderwood Mall

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Alderwood Mall

Alderwood
East entrance to Alderwood.
Location Lynnwood, Washington
Coordinates
Opening date October 4, 1979
Developer Edward J. DeBartolo Sr.
Management General Growth Properties
Owner General Growth Properties
No. of stores and services 200 [1]
No. of anchor tenants 4
Total retail floor area 1.5 million ft² [2]
No. of floors 1 (Anchors have 2 each)
Parking 7,000 [3]
Website Official Website
A look inside Alderwood.

Alderwood, formerly Alderwood Mall, is a regional shopping mall in Lynnwood, Washington. It is anchored by JCPenney, Macy's, Nordstrom, and Sears and comprises both a traditional enclosed mall and two open-air areas known as The Village and The Terraces. General Growth Properties manages and co-owns the property with an institutional investor.

Alderwood is Snohomish County's largest mall and one of the major malls in the Puget Sound region.

Alderwood was named after the unincorporated area called Alderwood Manor which is now the city of Lynnwood, Washington where the mall is located.

History

The Village

Originally opened in 1979 after over ten years of delays by developer Edward J. DeBartolo Sr. on land originally owned by Allied Stores, Alderwood Mall's anchors included The Bon Marché, Lamonts, Nordstrom, JCPenney and Sears. The mall was later sold to the New York State Common Retirement Fund, which retained DeBartolo's management company to operate the center, and remained essentially unchanged except for the addition of a court and cosmetics renovations in 1995-1996. After briefly being managed by Simon Property Group following its acquisition of the DeBartolo mall interests in 1996, in 1997 General Growth Properties assumed management of the property. General Growth became co-owner of the mall following the formation of a joint venture with the New York pension fund in 1999.[1][2]

Facing a major vacancy with the 2000 closure of Lamonts, General Growth used the opportunity to embark on a major renovation and expansion of Alderwood Mall in 2002. The old Lamonts store was purchased and razed for the construction of a new Nordstrom that opened in 2003. The former Nordstrom was leveled in its turn for the construction of The Village, an attached, open-air lifestyle area on the mall's northern side comprising new shops, restaurants and a Borders Books & Music. At the same time a second expansion, The Terraces, was constructed on the mall's southwest side incorporating an expanded food court, restaurants and anchored by a new 16-screen Loews Cineplex multiplex which opened in 2005. The expansion included two new parking garages, and the theater was constructed over subterranean parking. The 'mall' was dropped from the name at this time and became simply Alderwood.

The Bon Marché was briefly renamed Bon-Macy's in 2003, before assuming the Macy's name in 2005. The Loews company was merged with AMC Theatres and was branded with the AMC/Loews name in 2006.

In 2006, Daiso, a Japanese dollar-store, opened its first U.S. store in Alderwood next to Sears.

The mall is referenced in the 1985 song "Searchin' USA", by the Seattle indie rock band The Young Fresh Fellows ("Well I've been to the Alderwood Mall, and I must admit it's pretty doggone big!")

In February 2011, Borders announced it would close its unsuccessful Alderwood Mall location after filing for Chapter 11 bankruptcy.[3] Clothing chain Forever 21 now occupies the Borders space.

Anchor stores

Loews Theater

References

  • Seattle Daily Journal of Commerce
  • General Growth Alderwood Information Sheet

Footnotes

  1. ^ "Owner of Westlake, Alderwood and other malls files for bankruptcy protection". Retrieved 1 September 2014. 
  2. ^ "General Growth Properties Expands its Co-Investments With New York State Common Retirement Fund". Retrieved 1 September 2014. 
  3. ^ Borders store closure list

External links

  • Alderwood Official Site
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