Alderwood Mall
Encyclopedia
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.
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.
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.
Lynnwood, Washington
Lynnwood is a city in Snohomish County, Washington, United States. The population was 35,836 at the 2010 census, making it the fourth largest in Snohomish County and twenty-ninth largest in Washington State. The city is a mix of urban, suburban, small city, crossroads and bedroom community to many...
. It is anchored by JCPenney, Macy's, Nordstrom
Nordstrom
Nordstrom, Inc. is an upscale department store chain in the United States, founded by John W. Nordstrom and Carl F. Wallin. Initially a shoe retailer, the company today also sells clothing, accessories, handbags, jewelry, cosmetics, fragrances, and in some locations, home furnishings...
, and Sears
Sears, Roebuck and Company
Sears, officially named Sears, Roebuck and Co., is an American chain of department stores which was founded by Richard Warren Sears and Alvah Curtis Roebuck in the late 19th century...
and comprises both a traditional enclosed mall and two open-air areas known as The Village and The Terraces. General Growth Properties
General Growth Properties
General Growth Properties, Inc. is a publicly traded real estate investment trust in the United States. It is based in Chicago, Illinois at 110 North Wacker Drive, a historic building designed by architectural firm Graham, Anderson, Probst & White...
manages and co-owns the property with an institutional investor
Institutional investor
Institutional investors are organizations which pool large sums of money and invest those sums in securities, real property and other investment assets...
.
Alderwood is Snohomish County's largest mall and one of the major malls in the Puget Sound region
Puget Sound
Puget Sound is a sound in the U.S. state of Washington. It is a complex estuarine system of interconnected marine waterways and basins, with one major and one minor connection to the Strait of Juan de Fuca and the Pacific Ocean — Admiralty Inlet being the major connection and...
.
Alderwood was named after the unincorporated area called Alderwood Manor which is now the city of Lynnwood, Washington
Lynnwood, Washington
Lynnwood is a city in Snohomish County, Washington, United States. The population was 35,836 at the 2010 census, making it the fourth largest in Snohomish County and twenty-ninth largest in Washington State. The city is a mix of urban, suburban, small city, crossroads and bedroom community to many...
where the mall is located.
History
Originally opened in 1979 after over ten years of delays by developer Edward J. DeBartolo Sr.Edward J. DeBartolo Sr.
Edward John DeBartolo, Sr. was an American businessman who is widely regarded as the father of the American shopping mall...
on land originally owned by Allied Stores
Allied Stores
Allied Stores was a department store chain in the United States. It was founded in the 1930s as part of a general consolidation in the retail sector by B. E. Puckett. See also Associated Dry Goods. It was the successor to Hahn's Department Stores, a holding company founded in 1928...
, Alderwood Mall's anchors included The Bon Marché
The Bon Marché
The Bon Marché, whose name means "the good deal" or "the good market", was the name chosen for a department store launched in Seattle, Washington, United States, in 1890 by Edward Nordhoff. The name comes from Le Bon Marché, a noted Paris retailer and one of the world's first department stores,...
, Lamonts
Lamonts
Lamonts was a chain of department stores founded in Seattle, Washington. The chain was started in 1970 when Pay 'n Save renamed its suburban branches of Rhodes, a department store chain the company acquired in 1965. Lamonts remained a division of Pay 'n Save until 1985...
, Nordstrom
Nordstrom
Nordstrom, Inc. is an upscale department store chain in the United States, founded by John W. Nordstrom and Carl F. Wallin. Initially a shoe retailer, the company today also sells clothing, accessories, handbags, jewelry, cosmetics, fragrances, and in some locations, home furnishings...
, 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
Simon Property Group
Simon Property Group, Inc. is an American commercial real estate company, ranked #1 in the United States as the largest real estate investment trust. Simon is a fully integrated real estate company which operates from five retail real estate platforms: regional malls, Premium Outlet Centers, The...
following its acquisition of the DeBartolo mall interests in 1996, in 1997 General Growth Properties
General Growth Properties
General Growth Properties, Inc. is a publicly traded real estate investment trust in the United States. It is based in Chicago, Illinois at 110 North Wacker Drive, a historic building designed by architectural firm Graham, Anderson, Probst & White...
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.
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
Borders Group
Borders Group, Inc. was an international book and music retailer based in Ann Arbor, Michigan. The company employed approximately 19,500 throughout the U.S., primarily in its Borders and Waldenbooks stores....
. 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
Loews Cineplex Entertainment
Loews Theatres, aka Loews Incorporated , founded in 1904 by Marcus Loew and Brantford Schwartz, was the oldest theater chain operating in North America until it merged with AMC Theatres on January 26, 2006. From 1924 until 1959, it was also the parent company of Metro-Goldwyn-Mayer Studios. The...
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
AMC Theatres
AMC Theatres , officially known as AMC Entertainment, Inc., is the second largest movie theater chain in North America with 5,325 screens, second only to Regal Entertainment Group, and one of the United States's four national cinema chains AMC Theatres (American Multi-Cinema), officially known as...
and was branded with the AMC/Loews name in 2006.
In 2006, Daiso
Daiso
is the largest franchise of 100-yen shops in Japan owned by . Daiso has a range of over 100,000 goods, of which over 40 percent are imported goods, many of them from China. Many of these are own-brand goods....
, 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.
Current Anchors
- Macy's (221,000 ft²; opened 1979 as The Bon MarchéThe Bon MarchéThe Bon Marché, whose name means "the good deal" or "the good market", was the name chosen for a department store launched in Seattle, Washington, United States, in 1890 by Edward Nordhoff. The name comes from Le Bon Marché, a noted Paris retailer and one of the world's first department stores,...
, renamed 2005) - NordstromNordstromNordstrom, Inc. is an upscale department store chain in the United States, founded by John W. Nordstrom and Carl F. Wallin. Initially a shoe retailer, the company today also sells clothing, accessories, handbags, jewelry, cosmetics, fragrances, and in some locations, home furnishings...
(151,000 ft²; opened 1979, replaced 2003) - SearsSears, Roebuck and CompanySears, officially named Sears, Roebuck and Co., is an American chain of department stores which was founded by Richard Warren Sears and Alvah Curtis Roebuck in the late 19th century...
(178,000 ft²; opened 1979) - J.C. PenneyJ.C. PenneyJ. C. Penney Company, Inc. is a chain of American mid-range department stores based in Plano, Texas, a suburb north of Dallas. The company operates 1,107 department stores in all 50 U.S. states and Puerto Rico. JCPenney also operates catalog sales merchant offices nationwide in many...
(159,000 ft²; opened 1979)