Everett Mall
Encyclopedia
Everett Mall is a 673000 square feet (62,523.7 m²) indoor/outdoor shopping mall
Shopping mall
A shopping mall, shopping centre, shopping arcade, shopping precinct or simply mall is one or more buildings forming a complex of shops representing merchandisers, with interconnecting walkways enabling visitors to easily walk from unit to unit, along with a parking area — a modern, indoor version...

 located in Everett, Washington
Everett, Washington
Everett is the county seat of and the largest city in Snohomish County, Washington, United States. Named for Everett Colby, son of founder Charles L. Colby, it lies north of Seattle. The city had a total population of 103,019 at the 2010 census, making it the 6th largest in the state and...

, USA. Planned in the late 1960s, the mall began with the construction of two anchor stores, Sears in 1969 and White Front in 1971. The mall was originally built and opened in 1974 after the Boeing bust stalled construction in 1972. It was further plagued upon opening with one anchor store closing before opening as well as a low tenant rate. The mall began to rebound after The Bon Marche
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,...

 opened in 1977, leading to the construction of an additional wing to the mall anchored by the upscale Frederick & Nelson
Frederick & Nelson
Frederick & Nelson was a department store chain in the northwestern United States, based in Seattle, Washington. Founded in 1891 as a furniture store, it later expanded to sell other types of merchandise. The company was acquired by Marshall Field & Company in 1929...

 department store. In 2000 the mall was placed in receivership
Receivership
In law, receivership is the situation in which an institution or enterprise is being held by a receiver, a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights." The receivership remedy is an equitable remedy that emerged in...

 and ultimately deeded to its lender after its longtime owner defaulted on a $55 million loan.
In 2004, the mall underwent a massive expansion and renovation. A new 16-screen movie theater and several new stores were built as part of this expansion by the mall's current owners, Steadfast Cos.

Mervyn's, an anchor since 1992, closed late 2006. The store was replaced with LA Fitness and Steve & Barry's
Steve & Barry's
Steve & Barry's was an American retail clothing chain, featuring casual apparel. By mid-2008, the chain operated 276 stores in 39 states. The company was headquartered in Port Washington, New York. The company liquidated all of its stores throughout 2008....

. Steve & Barry's
Steve & Barry's
Steve & Barry's was an American retail clothing chain, featuring casual apparel. By mid-2008, the chain operated 276 stores in 39 states. The company was headquartered in Port Washington, New York. The company liquidated all of its stores throughout 2008....

 in turn was closed in 2009 after its owners filed for Chapter 11 bankruptcy protection. Its space remains vacant.

Development and early construction: 1968 - 1972

The plan for a modern shopping mall in Everett dated to the mid 1960s. In 1968, developers Norman L. Iverson & Associates of Tacoma and Earl Cohen & Associates of Beverly Hills purchased a 60 acre
Acre
The acre is a unit of area in a number of different systems, including the imperial and U.S. customary systems. The most commonly used acres today are the international acre and, in the United States, the survey acre. The most common use of the acre is to measure tracts of land.The acre is related...

 lot south of downtown in the diagonal area bound by Interstate 5
Interstate 5
Interstate 5 is the main Interstate Highway on the West Coast of the United States, running largely parallel to the Pacific Ocean coastline from Canada to Mexico . It serves some of the largest cities on the U.S...

, US 99, and the Broadway cutoff, now known as Everett Mall Way. 10.4 acres (42,087.3 m²) of the property nearest to the interstate would be the focus of future mall development. The first merchant they attracted to the new site was the Sears, Roebuck and Company
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...

 department store
Department store
A department store is a retail establishment which satisfies a wide range of the consumer's personal and residential durable goods product needs; and at the same time offering the consumer a choice of multiple merchandise lines, at variable price points, in all product categories...

, who would leave their location of 40 years at 2701 Colby Street in downtown Everett to build the first store on the property. Robert Freidenrich, soon-to-be manager of the new store, discussed the rationale of the store's exodus to the suburbs with The Seattle Times
The Seattle Times
The Seattle Times is a newspaper serving Seattle, Washington, US. It is the largest daily newspaper in the state of Washington. It has been, since the demise in 2009 of the printed version of the rival Seattle Post-Intelligencer, Seattle's only major daily print newspaper.-History:The Seattle Times...

:
The store, which opened to the public on February 12, 1969, contained 114375 square feet (10,625.8 m²) arranged into 50 different departments. The store also contained a 14-stall automotive repair center, an outdoor garden center, a tailor shop and a 40-seat coffee shop
Coffeehouse
A coffeehouse or coffee shop is an establishment which primarily serves prepared coffee or other hot beverages. It shares some of the characteristics of a bar, and some of the characteristics of a restaurant, but it is different from a cafeteria. As the name suggests, coffeehouses focus on...

. The Richardson Associates were the architects and engineers

Sears was joined by another large anchor store on the property with the grand opening of the California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...

-based discount department store chain, White Front
White Front
White Front was a chain of discount stores in Southern California and the western United States from 1959 through the mid-1970s. They were noted for the architecture of their store fronts which was an enormous, sweeping archway with the store name spelled out in individual letters fanned across the...

 on May 13, 1971. It was the chain's fifth store in the Puget Sound region. The Iverson and Cohen firms soon began planning for the construction of an enclosed mall to connect Sears and White Front as well as a planned third anchor store but construction was halted when massive cutbacks at Boeing
Boeing
The Boeing Company is an American multinational aerospace and defense corporation, founded in 1916 by William E. Boeing in Seattle, Washington. Boeing has expanded over the years, merging with McDonnell Douglas in 1997. Boeing Corporate headquarters has been in Chicago, Illinois since 2001...

 threatened the economic stability of the entire region. Hackensack, New Jersey
Hackensack, New Jersey
Hackensack is a city in Bergen County, New Jersey, United States and the county seat of Bergen County. Although informally called Hackensack, it was officially named New Barbadoes Township until 1921. As of the 2010 United States Census, the city population was 43,010....

 based developer, Hanson Development Company purchased the unfinished mall in July 1972 with promises to complete the project.

In late 1973 came the announcement of a new triplex theater at the mall by General Cinema Corporation
General Cinema Corporation
General Cinema was a nationwide chain of movie theaters that operated from 1935 until 2002. The theater chain, in its prime, operated approximately 621 screens, some of which were the first cinemas certified by THX. Its mascot was Popcorn Bob and his Candy Band, which graced the company's policy...

 of Boston
Boston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...

, who operated theaters in Renton
Renton, Washington
Renton is an Eastside edge city in King County, Washington, United States. Situated 11 miles southeast of Seattle, Washington, Renton straddles the southeast shore of Lake Washington. Founded in the 1860s, Renton became a supply town for the Newcastle coal fields...

 and the Overlake area of Redmond
Redmond, Washington
Redmond is a city in King County, Washington, United States, located east of Seattle. The population was 54,144 at the 2010 census,up from 45,256 in 2000....

. It was billed as Washington's first triple-auditorium indoor theater. The Everett Mall Cinemas I, II and III opened on February 13, 1974 with a seating capacity of 1,300. The opening attractions were The Sting
The Sting
The Sting is a 1973 American caper film set in September 1936 that involves a complicated plot by two professional grifters to con a mob boss . The film was directed by George Roy Hill, who previously directed Newman and Redford in the western Butch Cassidy and the Sundance Kid.Created by...

, Serpico
Serpico
Serpico is a 1973 American crime film directed by Sidney Lumet. It is based on the true story of New York City policeman Frank Serpico, who went undercover to expose the corruption of his fellow officers, after being pushed to the brink at first by their distrust and later by the threats and...

and American Graffiti
American Graffiti
American Graffiti is a 1973 coming of age film co-written/directed by George Lucas starring Richard Dreyfuss, Ron Howard, Paul Le Mat, Charles Martin Smith, Cindy Williams, Candy Clark, Mackenzie Phillips and Harrison Ford...

.

New construction and further setbacks: 1973 - 1977

Construction of the mall continued on and by March 1973, Hanson claimed that 21 leases had been signed with tenants, filling about 60% of the 150000 square feet (13,935.5 m²) of retail planned for the mall upon completion, projected for sometime that Summer. The Law Company of Wichita, Kansas
Wichita, Kansas
Wichita is the largest city in the U.S. state of Kansas.As of the 2010 census, the city population was 382,368. Located in south-central Kansas on the Arkansas River, Wichita is the county seat of Sedgwick County and the principal city of the Wichita metropolitan area...

 handled construction of the theater and mall from its own architectural plans. Local firms Wick Construction Co. and Douglas Mulvanny
MulvannyG2 Architecture
MulvannyG2 Architecture is a U.S.-based architecture firm headquartered in Bellevue, Washington. MulvannyG2 is ranked among the 50 largest architectural firms and top three retail designers in the world . The firm designs retail stores and centers, corporate offices and interiors, and mixed-use...

, Seattle architect, were in charge of the construction and design of tenant spaces.

Things began to fall apart for the developers when, in 1974, White Front declared bankruptcy
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....

 and shuttered its large store at the mall, the last one in the state to close. Investors soon became wary of opening stores at the mall. After much delay, the Everett Mall finally opened in October 1974 with only one anchor tenant and little more than half of its stores occupied. The mall resembled a ghost town and was not actively promoted by its owners. The atmosphere of the mall at the time was described by The Seattle Times in 1977:

Turnaround and expansion: 1977 - 1992

Fortunes began to turn around when The Bon Marche
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,...

 purchased the former White Front store in 1976 with plans of moving their store from downtown Everett. An opening was set for February 25, 1977 Soon after the Bon's announcement, new retailers began to move to the mall. At the same time, Roebling Management Company, who managed the mall as a subsidiary of the Hanson group (later known as the Titanic Associates) announced plans to carry out the originally intended plans for the mall, including the third anchor store. In August 1977, construction began on the second triplex theater at the mall just east of Sears, to be operated but not owned by General Cinema. At that time the theater was a stand-alone building.

Construction of the mall's new $20 million east wing began in the fall of 1979 and was completed by the fall of 1980. The new addition officially opened on Friday, August 1, 1980 fully leased. The centerpiece of the expanded mall was the two-story, 120000 square feet (11,148.4 m²) Frederick & Nelson
Frederick & Nelson
Frederick & Nelson was a department store chain in the northwestern United States, based in Seattle, Washington. Founded in 1891 as a furniture store, it later expanded to sell other types of merchandise. The company was acquired by Marshall Field & Company in 1929...

 department store, the Marshall Field
Marshall Field
Marshall Field was founder of Marshall Field and Company, the Chicago-based department stores.-Life and career:...

 subsidiary's 15th store, designed by Beverly Hills architects Martinez, Takeda & Hahn. The addition also contained a 39000 square feet (3,623.2 m²) Payless Drug store and 52420 square feet (4,870 m²) of mall shops. The mall's tenant mix remained stable until 1992 when Frederick & Nelson declared bankruptcy and the Everett store closed. It was immediately replaced by California-based Mervyn's department store who took over Frederick's lease in 1991. After a major remodeling, that store opened on July 19, 1992 to much fanfare.

Financial troubles and new owners: 1998–2002

In 1998, Everett Mall's management, Hampshire Management Co., submitted plans to the City of Everett for a major expansion that if carried out would rival Alderwood Mall
Alderwood Mall
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...

 in size. Under the plan, 275000 square feet (25,548.3 m²) of retail space would be added as well as a new multiplex theater, a hotel and multiple restaurants. These plans soon became jeopardized when a financial crises hit the owners.

During the fall of 2000, the Everett Mall was placed into receivership by the Snohomish County Superior Court after finding that its owners, Titanic Associates of Morristown, New Jersey
Morristown, New Jersey
Morristown is a town in Morris County, New Jersey, United States. As of the 2010 United States Census, the town population was 18,411. It is the county seat of Morris County. Morristown became characterized as "the military capital of the American Revolution" because of its strategic role in the...

 had defaulted on a loan. By 2001, Titanic had amassed $61 million of debt and were facing foreclosure of the property. To eliminate the debt, they deeded the mall to the Equitable Life Assurance Society
AXA Equitable Life Insurance Company
AXA Equitable Life Insurance Company, formerly The Equitable Life Assurance Society of the United States, also known as The Equitable, was founded by Henry Baldwin Hyde in 1859. In 1991, AXA, a French insurance company, acquired majority control of The Equitable...

 of New York, who assumed operations. By the end of the year, Equitable hired Cincinnati-based Madison Marquette to manage the mall and direct its expansion.

2003 to current day: The village

In 2003, Expansion plans were put back on track. This time with over 227068 square feet (21,095.3 m²) of new retail space including a new "power center", the Everett Mall Village and major exterior renovations planned. Construction began in 2004 In June 2004, Equitable sold Everett Mall for $50.2 million to Steadfast Commercial Properties of Newport Beach, California
Newport Beach, California
Newport Beach, incorporated in 1906, is a city in Orange County, California, south of downtown Santa Ana. The population was 85,186 at the 2010 census.The city's median family income and property values consistently place high in national rankings...

 who proceeded to replace Madison Marquette with their own management company to carry out the expansion.

The expansion project known as Everett Village finally broke ground in November 2004 with Best Buy
Best Buy
Best Buy Co., Inc. is an American specialty retailer of consumer electronics in the United States, accounting for 19% of the market. It also operates in Mexico, Canada & China. The company's subsidiaries include Geek Squad, CinemaNow, Magnolia Audio Video, Pacific Sales, and, in Canada operates...

, PetsMart
PetSmart
PetSmart, Inc. is a retail chain doing business in the United States and Canada engaged in the sale of specialty pet supplies and services such as grooming and dog training, PetSmart PetsHotel dog and cat boarding facilities and Doggie Day Care.- History :...

, Old Navy
Old Navy
Old Navy is an American clothing brand as well as a chain of stores owned by Gap, Inc., with corporate operations in San Francisco and San Bruno, California. It is one of the first major corporations to house headquarters in the new Mission Bay district of San Francisco.Gap, Inc. was run by...

, Borders Books and Bed Bath & Beyond
Bed Bath & Beyond
Bed Bath & Beyond Inc. was formed in 1971 and today operates a chain of domestic merchandise retail stores across United States, Puerto Rico and Canada. They feature mostly medium-ranged, but also a limited selection of high quality, domestic merchandise: items for the bedroom, bathroom, kitchen,...

 announced as future tenants. Regal Cinemas
Regal Cinemas
Regal Cinemas is a UK-based cinema chain since the early days of the cinema. In 1928, Regal Cinemas became part of Associated British Cinemas but has retained the name 'Regal Cinemas'....

 also committed to building a 16-screen cinema Once completed in 2006, Steadfast sold the Village for $21.7M to a private investor.

In late 2006, Mervyn's announced that it was leaving the northwest and closed all of its Oregon and Washington locations and later declared bankruptcy. The Everett Mall store was divided in half with LA Fitness occupying one half and national discount family clothing chain Steve & Barry's
Steve & Barry's
Steve & Barry's was an American retail clothing chain, featuring casual apparel. By mid-2008, the chain operated 276 stores in 39 states. The company was headquartered in Port Washington, New York. The company liquidated all of its stores throughout 2008....

 occupying the other. After only a year and a half, Steve & Barry's also declared bankruptcy and closed all locations.

Current Anchors

  • LA Fitness
  • Macy's
    Macy's
    Macy's is a U.S. chain of mid-to-high range department stores. In addition to its flagship Herald Square location in New York City, the company operates over 800 stores in the United States...

  • Old Navy
    Old Navy
    Old Navy is an American clothing brand as well as a chain of stores owned by Gap, Inc., with corporate operations in San Francisco and San Bruno, California. It is one of the first major corporations to house headquarters in the new Mission Bay district of San Francisco.Gap, Inc. was run by...

  • 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...

     (opened 1969, first building on site)
  • Regal Cinemas
    Regal Cinemas
    Regal Cinemas is a UK-based cinema chain since the early days of the cinema. In 1928, Regal Cinemas became part of Associated British Cinemas but has retained the name 'Regal Cinemas'....

     (16-screen movie theater)

Former anchors

  • 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,...

     (opened 1977, renamed Bon-Macy's 2004, Macy's 2005)
  • Frederick & Nelson
    Frederick & Nelson
    Frederick & Nelson was a department store chain in the northwestern United States, based in Seattle, Washington. Founded in 1891 as a furniture store, it later expanded to sell other types of merchandise. The company was acquired by Marshall Field & Company in 1929...

     (opened 1980, closed 1992, later Mervyn's)
  • Mervyn's (opened 1992, closed December 31, 2006/later LA Fitness)
  • Steve & Barry's
    Steve & Barry's
    Steve & Barry's was an American retail clothing chain, featuring casual apparel. By mid-2008, the chain operated 276 stores in 39 states. The company was headquartered in Port Washington, New York. The company liquidated all of its stores throughout 2008....

     (opened 2007, closed 2009)
  • White Front
    White Front
    White Front was a chain of discount stores in Southern California and the western United States from 1959 through the mid-1970s. They were noted for the architecture of their store fronts which was an enormous, sweeping archway with the store name spelled out in individual letters fanned across the...

     (opened 1971, closed 1975, later 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,...

    )

External links

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