Moorestown Mall
Encyclopedia
The Moorestown Mall is a shopping mall in Moorestown Township, New Jersey
, owned by Pennsylvania Real Estate Investment Trust
.
Originally opened for business in 1963, Moorestown Mall underwent a partial renovation in 1986 and was totally renovated in 1993 and 1994 after a fire in the northeast quarter of the building.
Prior to Rouse Co.'s purchase of the mall in December 1997, The May Co. had committed to build an upscale Lord & Taylor
store, with a new Strawbridge's
as anchors to the mall. In addition a Guess store joined the mall, as an upscale retailer.
Nordstrom
considered opening a store in South Jersey
also, but they did not commit to the mall's expansion plans.
In an attempt to protect the Cherry Hill Mall, a mere 3 miles (4.8 km) away, the Rouse Co. acquired the Moorestown Mall. Pennsylvania Real Estate Investment Trust acquired the Cherry Hill Mall, Echelon Mall, Moorestown Mall, Exton Square, Plymouth Meeting Mall
, and Gallery at Market East on March 7, 2003.
In 2011, Moorestown Township residents voted to allow liquor sales at the Moorestown Mall in order to increase revenues at the mall. As a result, PREIT is planning on purchasing four liquor licenses and planning on opening new restaurants at the mall.
is expected to get a more "Village"-like appearance due to the addition of Eastern Mountain Sports
along the exterior. Also, Chipotle Mexican Grill
has accompanied the new renovation. A larger redevelopment is expected to be announced sometime in the future.
Activity on the northeast parking lot of the mall will yield a new Pei Wei Asian Diner
, along with Potbelly Sandwich Works
, opened in summer 2008.
Moorestown Township, New Jersey
-Demographics:At the 2000 census, there were 19,017 people, 6,971 households, and 5,270 families residing in the township. The population density was 1,287.3 per square mile . There were 7,211 housing units at an average density of 488.1 per square mile...
, owned by Pennsylvania Real Estate Investment Trust
Pennsylvania Real Estate Investment Trust
The Pennsylvania Real Estate Investment Trust is one of the first publicly traded real estate investment trusts, established in 1960 by Sylvan M. Cohen .The PREIT corporate offices are located in Philadelphia, Pennsylvania...
.
Originally opened for business in 1963, Moorestown Mall underwent a partial renovation in 1986 and was totally renovated in 1993 and 1994 after a fire in the northeast quarter of the building.
Prior to Rouse Co.'s purchase of the mall in December 1997, The May Co. had committed to build an upscale Lord & Taylor
Lord & Taylor
Lord & Taylor, colloquially known as L&T, or LT, based in New York City, is the oldest upscale, specialty-retail department store chain in the United States. Concentrated in the eastern U.S., the retailer operated independently for nearly a century prior to joining American Dry Goods...
store, with a new Strawbridge's
Strawbridge's
Strawbridge's was a department store in the northeastern United States with stores in Pennsylvania, New Jersey and Delaware. In its day a gracious urban emporium, the downtown Philadelphia flagship store added branch stores starting in the 1930s and together they enjoyed annual sales of over a...
as anchors to the mall. In addition a Guess store joined the mall, as an upscale retailer.
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...
considered opening a store in South Jersey
South Jersey
South Jersey comprises the southern portions of the U.S. state of New Jersey between the lower Delaware River and the Atlantic Ocean. The designation is a colloquial one, reflecting not only geographical but perceived cultural differences from the northern part of the state, with no official...
also, but they did not commit to the mall's expansion plans.
In an attempt to protect the Cherry Hill Mall, a mere 3 miles (4.8 km) away, the Rouse Co. acquired the Moorestown Mall. Pennsylvania Real Estate Investment Trust acquired the Cherry Hill Mall, Echelon Mall, Moorestown Mall, Exton Square, Plymouth Meeting Mall
Plymouth Meeting Mall
The Plymouth Meeting Mall is an shopping mall located in Plymouth Meeting, Pennsylvania, approximately west of Philadelphia. The mall is located on Germantown Pike near the Mid-County Interchange, where the Pennsylvania Turnpike crosses the Northeast Extension/Blue Route .Built in 1966, Plymouth...
, and Gallery at Market East on March 7, 2003.
In 2011, Moorestown Township residents voted to allow liquor sales at the Moorestown Mall in order to increase revenues at the mall. As a result, PREIT is planning on purchasing four liquor licenses and planning on opening new restaurants at the mall.
Redevelopment
The Moorestown Mall lies only 3 miles (4.8 km) away from the Cherry Hill Mall which is undergoing major expansions to accommodate high end stores, but the mall is now undergoing a renovation of its own. As of late, the mall has accumulated a couple of minor, although noticeable vacancies. That is expected to change, however, when the side of the mall facing Route 38Route 38 (New Jersey)
Route 38 is a state highway in the southern part of the U.S. state of New Jersey serving the Philadelphia metropolitan area. It extends from the Airport Circle, where it intersects U.S. Route 30 and U.S. Route 130, in Pennsauken Township, Camden County to an intersection with U.S. Route 206 and...
is expected to get a more "Village"-like appearance due to the addition of Eastern Mountain Sports
Eastern Mountain Sports
Eastern Mountain Sports is an outdoor apparel and equipment retailer in the U.S. Northeast headquartered in Peterborough, New Hampshire.EMS sells outdoor equipment and clothing from both name brands and its own EMS line...
along the exterior. Also, Chipotle Mexican Grill
Chipotle Mexican Grill
Chipotle Mexican Grill, Inc. is a chain of restaurants in the United States, United Kingdom, and Canada specializing in burritos and tacos, founded by Steve Ells in 1993 and based in Denver, Colorado...
has accompanied the new renovation. A larger redevelopment is expected to be announced sometime in the future.
Activity on the northeast parking lot of the mall will yield a new Pei Wei Asian Diner
Pei Wei Asian Diner
Pei Wei Asian Diner is a restaurant chain in the United States. Owned by P. F. Chang's China Bistro , it offers a modest selection of freshly prepared Asian items influenced by the cuisines of China, Japan, Korea, Vietnam, and Thailand...
, along with Potbelly Sandwich Works
Potbelly Sandwich Works
Potbelly Sandwich Works is a privately held restaurant chain that sells submarine sandwiches in the United States. Its name is derived from potbelly stoves common in the late 19th century. The company is headquartered in the tower of the Merchandise Mart in the Near North Side, Chicago,...
, opened in summer 2008.
Anchors
- Boscov'sBoscov'sBoscov's is an American department store founded by Solomon Boscov in 1911. The first store was in Reading, Pennsylvania, and today 40 stores are spread throughout the Mid-Atlantic states of Pennsylvania, New Jersey, Maryland, New York, and Delaware....
(203,000 sq ft.) - Lord & TaylorLord & TaylorLord & Taylor, colloquially known as L&T, or LT, based in New York City, is the oldest upscale, specialty-retail department store chain in the United States. Concentrated in the eastern U.S., the retailer operated independently for nearly a century prior to joining American Dry Goods...
(120,000 sq ft) - Macy'sMacy'sMacy'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...
(200,000 sq ft.) - 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...
(171,000 sq ft)
Former anchors
- Filene's BasementFilene's BasementFilene's Basement, also called The Basement, is a Massachusetts-based chain of department stores which was owned by Retail Ventures, Inc. until April 2009 when it was sold to Syms....
(later Pay/Half, now mall space) - Gimbels (later Stern's)
- Ports of the World (now Boscov's)
- Stern'sStern'sStern's was a regional department store chain serving the U.S. states of New York, Pennsylvania, and New Jersey. The chain was in business for more than 130 years, prior to its 2001 integration into Macy's and Bloomingdale's...
(later Ports of the World) - Strawbridge'sStrawbridge'sStrawbridge's was a department store in the northeastern United States with stores in Pennsylvania, New Jersey and Delaware. In its day a gracious urban emporium, the downtown Philadelphia flagship store added branch stores starting in the 1930s and together they enjoyed annual sales of over a...
(now Macy's) - Wanamaker'sWanamaker'sWanamaker's department store was the first department store in Philadelphia, Pennsylvania, and one of the first department stores in the United States. At its zenith in the early 20th century, there were two major Wanamaker department stores, one in Philadelphia and one in New York City at Broadway...
(later Hecht's and Strawbridge's; torn down for new Strawbridge's) - Woolworth (later Vans Skate Park, and Foot Locker) Now Black Diamond Mountain Sports.
- RKO Stanley Warner's Plaza Moorestown Theatre (later REG United Artists Moorestown 7 Theatre)