Golden Triangle Mall
Encyclopedia
Golden Triangle Mall is an enclosed, single-level, shopping mall
located at the intersection of Loop 288
and I-35E
in Denton
, Texas
. It contains 7 major anchors, a playplace, and total leasable floor area of 764719 sq ft (71,044.7 m²) total.
opened just in Lewisville
, just south on I-35E, in 1989. Denton Mall Co. sold Golden Triangle to Simon Property Group
in 1999. In 2000, Golden Triangle underwent a $3.5 million renovation of its interior, including new floor tile, updated entrances, restroom facilities, and mall graphics.
In April 2006, the under-performing mall was sold to Feldman Mall Properties at an estimated $40 million with plans to invest over $30 million in renovations. Plans for renovations were halted due to the proposed sale of Feldman Mall Properties and the future development of Rayzor Ranch Town Center. In June 2010, lender JPMorgan Chase & Co.
announced its intention to sell Golden Triangle Mall at a foreclosure auction to recoup the $25 million that Feldman Mall Properties still owes on JPMorgan's 2006 loan to Feldman. On September 1, 2010, Cencor Realty Services and The Weitzman Group took over management of the mall, with plans to revitalize the 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 at the intersection of Loop 288
Texas State Highway Loop 288
Loop 288 is a state highway within the city limits of Denton, Texas. On the north side of town, the loop runs next to the C. H. Collins Athletic Complex. Despite its name, Loop 288 does not make a complete circuit, running instead around the north, east and southeast sides of the city...
and I-35E
Interstate 35E (Texas)
Interstate 35E , an Interstate Highway, is the eastern half of Interstate 35 where it splits to serve different cities in Texas. I-35 splits into two branch routes, I-35W and I-35E at Hillsboro. I-35E runs north for , maintaining I-35's sequence of exit numbers. It runs through Dallas before...
in Denton
Denton, Texas
The city of Denton is the county seat of Denton County, Texas in the United States. Its population was 119,454 according to the 2010 U.S. Census, making it the eleventh largest city in the Dallas/Fort Worth Metroplex...
, Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
. It contains 7 major anchors, a playplace, and total leasable floor area of 764719 sq ft (71,044.7 m²) total.
History
Golden Triangle Mall opened in 1980 as the first enclosed shopping mall in Denton County. The mall thrived in the 1980s, but began suffering when the much larger Vista Ridge MallVista Ridge Mall
Vista Ridge Mall is a shopping mall in Lewisville, Texas, USA, and was constructed in 1989. It is located on the southwest corner of Round Grove Road and the portion of Interstate 35E known as Stemmons Freeway. It contains 160 stores, five of which are anchor tenants.The mall had its grand opening...
opened just in Lewisville
Lewisville, Texas
Lewisville is a city in Denton County in the U.S. state of Texas. The 2010 United States Census placed the population at 95,290 within . The city also includes of Lewisville Lake....
, just south on I-35E, in 1989. Denton Mall Co. sold Golden Triangle to 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...
in 1999. In 2000, Golden Triangle underwent a $3.5 million renovation of its interior, including new floor tile, updated entrances, restroom facilities, and mall graphics.
In April 2006, the under-performing mall was sold to Feldman Mall Properties at an estimated $40 million with plans to invest over $30 million in renovations. Plans for renovations were halted due to the proposed sale of Feldman Mall Properties and the future development of Rayzor Ranch Town Center. In June 2010, lender JPMorgan Chase & Co.
JPMorgan Chase & Co.
JPMorgan Chase & Co. is an American multinational banking corporation of securities, investments and retail. It is the largest bank in the United States by assets and market capitalization.It is a major provider of financial services, with assets of $2 trillion and according to Forbes magazine is...
announced its intention to sell Golden Triangle Mall at a foreclosure auction to recoup the $25 million that Feldman Mall Properties still owes on JPMorgan's 2006 loan to Feldman. On September 1, 2010, Cencor Realty Services and The Weitzman Group took over management of the mall, with plans to revitalize the mall.
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