Greenspoint Mall

Add links
Coordinates: 29°56′44″N 95°24′42″W / 29.94556°N 95.41167°W / 29.94556; -95.41167
From Wikipedia, the free encyclopedia
Greenspoint Mall
The now vacant Macy's on the northwest side of the property; closed in 2017. Originally owned & operated by Foley's (1976-2006)
Map
LocationGreenspoint, Houston, Texas, United States
Coordinates29°56′44″N 95°24′42″W / 29.94556°N 95.41167°W / 29.94556; -95.41167
Address12300 North Freeway
Opening dateJuly 4, 1976 (47 years ago) (1976-07-04)
ManagementNone
OwnerVacant
No. of stores and services82
No. of anchor tenants7 (1 open, 5 vacant, 1 demolished)
Total retail floor area1,391,432 sq ft (129,300 m2)[1]
No. of floors1 (2 in former Dillard's, Lord & Taylor, Macy's, and JCPenney)
Public transit accessMETRO Routes 6, 56, 85, 86, 99, 102, 399

Greenspoint Mall is a shopping mall located in the Greenspoint neighborhood of Houston, Texas, at the northeast corner of Interstate 45 and Beltway 8 (also known as the Sam Houston Parkway/Tollway). The only remaining anchor is Fitness Connection, which occupies half of the former Lord & Taylor/Mervyn's store on the west side of the mall. There are 6 vacant anchor pads on the site that were once occupied by Macy's, Foley's, Palais Royal, Dillard's, Sears, Premiere Cinemas, JCPenney, Lord & Taylor, Mervyn's, and Montgomery Ward.

In 2000, the mall was among the largest five Houston-area retail developments based on net rentable area.[2]

History[edit]

Greenspoint Mall celebrated its grand opening on August 5, 1976, anchored by Sears and Houston-based Foley's, the latter of which was owned at the time by Federated Department Stores who developed the mall. The mall eventually expanded by the late 1970s to include Joske's, JCPenney, Montgomery Ward and Lord & Taylor. Revolving around a "Central Park" theme, complete with a sculpture court, Greenspoint was at one point the largest mall in Greater Houston before the Galleria's later expansions in the 1980s and 2000s. Prudential Property Co. planned a $7 million renovation in 1988.[3]

In February 1989 Greenspoint Mall was 94% occupied, making it the mall with the fourth highest percentage of occupied space in the Houston area.[4]

Mervyn’s closed on January 16, 1998 as part of the company’s plan to close 10 underperforming stores.[5]

Dallas-based Archon was near a deal to purchase the mall in 1998,[6] though a Los Angeles developer would unravel the deal when it entered negotiations to purchase the mall instead.[7] Los Angeles developer Bob Yari of Day Properties would eventually purchase the 1,700,000-square-foot (160,000 m2) mall from Prudential Real Estate Investments Separate Account, a pension fund investment group organized by Prudential Insurance Company of America. Yari sought to attract a multiscreen movie theater.[8]

The mall became a part of a redevelopment project that same year.[9][10] Office and convention center space, as well as a flea market were all being considered.[11] As part of the redevelopment, the owners bought the closed Mervyn's and JCPenney locations in 2000.[12]

Greenspoint Mall reached its 30th anniversary in 2006. Facing 30-year lease expirations, the management of Greenspoint Mall announced a $32 million project to refurbish the 30-year-old mall into an hybridized open-air/enclosed shopping center called The Renaissance at Greenspoint, entailing the demolition of the vacant anchor stores for new outdoor amenities.[13][14] That year, Macy's rebranded the Greenspoint Foley's anchor to a Macy's store as part of the chain's purchase of Federated Department Stores.[15]

In November 2006, six months after the renovation was announced, Triyar Cos. LLC, owned by the Yari family, put the mall and several other Greater Houston malls for sale.[16] Much of the Renaissance at Greenspoint was dropped with the exception without agreements other than Premiere Cinema's decision to build a multiscreen movie theater and GlennLock Sports Bar & Grill signing a lease for the first phase of the Renaissance at Greenspoint.[17] Due to high crime rates in the area, the shopping center had been tagged with a nickname of "Gunspoint Mall." [18]

After the destruction of the abandoned J.C. Penney's in May 2010, a movie theater was built opening on the anchor pad, with a connection into the mall.[19] Lacking the promised, unified refresh of Greenspoint Mall combined with high crime rates resulted in escalating vacancies. In May of 2010, Sears announced that its store at Greenspoint Mall would close.[20]

On January 4, 2017, Macy's announced that it would close its Greenspoint Mall anchor with a liquidation sale that ended March 27, 2017.[21] Later that year when Hurricane Harvey hit Houston, displaced flood victims exceeded the capacity for shelter at the NRG Stadium; 259 people were relocated to the former Macy's anchor.[22]

Under contract for purchase in 2017 by potential new owner, Global Plaza Union, rumors suggested that a plan to demolish the interior of the Greenspoint Mall was imminent.[23] The plans did not develop and the Greenspoint Mall continued operations reaching greyfield status with vacancies surpassing occupancy. In 2019, anchors Dillard's and Palais Royal - both of which operated clearance outlets at Greenspoint - closed permanently.

Premiere Cinemas suspended operations along with theaters nationwide due to the COVID-19 restrictions that were implemented in March 2020. Though restrictions later in 2020 reopened many Houston theaters, Premiere announced the closure in Greenspoint would be permanent leaving the theater frozen in time, complete with the marquee and associated posters with movie titles from spring 2020.[24]

The mall's interior closed temporarily for repairs in 2023 but reopened with a handful of stores operating with a seven day a week, 11am to 7pm schedule. The only open anchor was a Fitness Connection Gym housed in the former Mervyn's location.

References[edit]

  1. ^ http://www.greenspointmall.com/index.php?option=com_content&view=article&id=1&Itemid=111
  2. ^ Largest Area Shopping Centers And Malls Houston Business Journal. Friday November 24, 2000. Retrieved on August 3, 2009.
  3. ^ $7 million renovation planned, Houston Chronicle, May 13, 1988.
  4. ^ Bivins, Ralph. "Sales at Houston malls rise/Local retailers cite improving economy, shuttle flights." Houston Chronicle. Friday February 17, 1989. Business 1. Retrieved on August 3, 1989.
  5. ^ Elder, Laura (8 February 1998). "Dallas firm buying Greenspoint Mall". Houston Business Journal. Retrieved 25 January 2024.
  6. ^ Elder, Laura. "Dallas firm buying Greenspoint Mall." Houston Business Journal. Friday February 6, 1998. Retrieved on August 3, 2009.
  7. ^ Elder, Laura. "Buyers compete for Greenspoint Mall." Houston Business Journal. Friday April 10, 1998. Retrieved on August 3, 2009.
  8. ^ Bivins, Ralph. "Greenspoint Mall sold to developer / Owner seeks theater, other changes." Houston Chronicle. August 15, 1998. Business 1. Retrieved on August 3, 2009.
  9. ^ Cook, Lynn. "Greenspoint gets green light from city to create new TIF." Houston Business Journal. Friday September 11, 1998. Retrieved on August 3, 2009.
  10. ^ Bivins, Ralph. "New hope resides in Greenspoint / an ambitious project attempts to rebuild blocks of apartments as well as a reputation." Houston Chronicle. Sunday November 1, 1998. Business 1. Retrieved on August 3, 2009.
  11. ^ Cook, Lynn J. "Greenspoint Mall eyes revival with office, convention space." Houston Business Journal. Friday April 23, 1999. Retrieved on August 3, 2009.
  12. ^ Sarnoff, Nancy. "Greenspoint buyer adds two stores." Houston Business Journal. Friday June 2, 2000. Retrieved on August 3, 2009.
  13. ^ Greenspoint is dressing up / Mall will spend $32 million on new look, new features, Houston Chronicle, April 21, 2006.
  14. ^ Brown, Anitra D. "Greenspoint Mall to get facelift / $32 million project made possible by partnership." Houston Chronicle. Thursday May 18, 2006. ThisWeek 11. Retrieved on August 3, 2009.
  15. ^ Henson, Liz. "Foley's stores prepare to unveil Macy's name." Houston Chronicle, 24 August 2006.
  16. ^ Dawson, Jennifer. "Celebrity owner puts group of local malls on the selling block." Houston Business Journal. Friday November 24, 2006. Retrieved on January 23, 2010.
  17. ^ "FRENChy's CREATES NEW CONCEPT AT THE RENAISSANCE AT GREENSPOINT | Texas RealEstateRama". 15 July 2009.
  18. ^ See Prtichett, Bonnie. "Houston”s Mission Greenspoint dispelling darkness with light." Southern Baptist Texan, 3 June 2003. https://www.texanonline.net/articles/features/houstons-mission-greenspoint-dispelling-darkness-with-light/ And see Meritz, Darren. "Company Fund Police Substation," The Monitor (McAllen, Texas), p. 8C.
  19. ^ "Before the Movies Start: What's Eating JCPenney at the Greenspoint Mall | Swamplot". 10 May 2010.
  20. ^ Sarnoff, Nancy. "Greenspoint Sears going dark." Houston Chronicle. February 22, 2010. Retrieved on May 30, 2010.
  21. ^ Hersko, Tyler. "Macy's to Close 1 of Its Simi Stores; Retailer to Shut 68 Locations Across Country, Eliminating 10,000 Jobs." 5 January 2017, pp 1A-2A.
  22. ^ Eaton, Colin (25 September 2017). "New emergency shelter opens at Greenspoint Mall". Houston Chronicle. Retrieved 25 January 2024.
  23. ^ Beausoleil, Sophia. "Greenspoint Mall in process of being sold, sources say." KPRC-TV (Houston), 14 August 2017. https://www.click2houston.com/news/2017/08/14/greenspoint-mall-in-process-of-being-sold-sources-say/
  24. ^ https://cinematreasures.org/theaters/36716/photos/363603

External links[edit]

Retrieved from "https://en.wikipedia.org/w/index.php?title=Greenspoint_Mall&oldid=1221420013"