Prestonwood Town Center
Encyclopedia
Prestonwood Town Center is a 62 acres (250,905.3 m²) retail shopping center located at the northeast corner of Beltline Road and Montfort Drive in Dallas, Texas
. It opened in 2006. Major tenants include Barnes & Noble
, Office Depot
, and Wal-Mart
. A Circuit City location closed in 2009 as part of the economic collapse of that retail chain. However, in 2010, it was converted to a Best Buy.
, Lord & Taylor
, JCPenney, Joske's
(later Dillard's
), and Montgomery Ward
. (Wards closed in November 1984 and was replaced by Mervyns
in April 1985.) The mall featured a central ice skating rink that was used after hours by area hockey leagues.
In 1982, Galleria Dallas
opened nearby with anchor stores Macy's
, Marshall Field's
, and Saks Fifth Avenue
. The next year, Bloomingdale's
opened at nearby Valley View Center
. The competition and the reputation of being a notorious teen hangout hurt Prestonwood, but it remained near full occupancy into the 1990s.
Renovations planned in 1996 never materialized. Then the anchors began exiting. In September 1997, citing slow sales, JCPenney closed its store, followed shortly by Mervyns. By 1999, Neiman Marcus and Lord & Taylor were the only two tenants remaining there, and they had already announced plans to relocate to The Shops at Willow Bend
, a new mall in nearby Plano
.
Archon Group bought the mall in 2000 to turn it into a telecommunication center called "Genisus Dallas North." After extensive remodeling and only partial usage, that failed too, and by October 2003, Archon dropped its plans for Genisus and announced that they would demolish the mall structure and replace it with an open-air retail shopping center. By summer 2004, it had been completely demolished.
opened a major bus transfer station on a street bordering the Prestonwood Town Center parking lot. Mall officials warned commuters that this was not a park and ride
facility and that their cars would be towed. This dispute lasted for several years but by 1988 a compromise had been worked out to use a limited parking area for park and ride commuters. Disputes between the transit agency and mall management closed the park and ride lot for a time in the mid-1990s but it eventually reopened. In 1999 this facility was closed and operations were transferred to the purpose-built Addison Transit Center
nearby.
Dallas, Texas
Dallas is the third-largest city in Texas and the ninth-largest in the United States. The Dallas-Fort Worth Metroplex is the largest metropolitan area in the South and fourth-largest metropolitan area in the United States...
. It opened in 2006. Major tenants include Barnes & Noble
Barnes & Noble
Barnes & Noble, Inc. is the largest book retailer in the United States, operating mainly through its Barnes & Noble Booksellers chain of bookstores headquartered at 122 Fifth Avenue in the Flatiron District in Manhattan in New York City. Barnes & Noble also operated the chain of small B. Dalton...
, Office Depot
Office Depot
Office Depot is a supplier of office products and provides many services. The company's selection of brand name office supplies includes business machines, computers, computer software and office furniture, while its business services encompass copying, printing, document reproduction, shipping,...
, and Wal-Mart
Wal-Mart
Wal-Mart Stores, Inc. , branded as Walmart since 2008 and Wal-Mart before then, is an American public multinational corporation that runs chains of large discount department stores and warehouse stores. The company is the world's 18th largest public corporation, according to the Forbes Global 2000...
. A Circuit City location closed in 2009 as part of the economic collapse of that retail chain. However, in 2010, it was converted to a Best Buy.
History
The current center occupies the site of a shopping mall that was also officially named Prestonwood Town Center, but which was informally known in the area as Prestonwood Mall. The two-level mall opened in 1979 featuring anchor stores Neiman MarcusNeiman Marcus
Neiman Marcus, formerly Neiman-Marcus, is a luxury specialty retail department store operated by the Neiman Marcus Group in the United States. The company is headquartered in the One Marcus Square building in Downtown Dallas, Texas, and competes with other department stores such as Saks Fifth...
, 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...
, JCPenney, Joske's
Joske's
Joske's, founded by German immigrant Julius Joske in 1867, was a department store chain originally based in San Antonio, Texas. In December 1928, Hahn Department Stores acquired the company along with the Titche-Goettinger department store of Dallas, and three years later Hahn became part of Allied...
(later Dillard's
Dillard's
Dillard's, Inc. is a department store chain in the United States, with 330 stores in 29 states. Headquartered in Little Rock, Arkansas, Dillard's locations are concentrated in Texas and Florida; with a major presence in other states including Arizona, Iowa, Colorado, Wyoming, Kansas, Missouri,...
), and Montgomery Ward
Montgomery Ward
Montgomery Ward is an online retailer that carries the same name as the former American department store chain, founded as the world's #1 mail order business in 1872 by Aaron Montgomery Ward, and which went out of business in 2001...
. (Wards closed in November 1984 and was replaced by Mervyns
Mervyns
Mervyns was an American middle scale department store chain based in Hayward, California. It carried national brands of clothing, footwear, bedding, furniture, jewelry, beauty products, electronics, and housewares. Many of the company's stores were in shopping malls...
in April 1985.) The mall featured a central ice skating rink that was used after hours by area hockey leagues.
In 1982, Galleria Dallas
Galleria Dallas
The Galleria Dallas, an upscale shopping mall and mixed-use development located in north Dallas, Texas , was developed by long time owner Hines Interests in 1982. The mall is modeled after a similar Hines development, the Houston Galleria, which opened in 1970...
opened nearby with anchor stores 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...
, Marshall Field's
Marshall Field's
Marshall Field & Company was a department store in Chicago, Illinois that grew to become a major chain before being acquired by Macy's Inc...
, and Saks Fifth Avenue
Saks Fifth Avenue
Saks Fifth Avenue is a luxury American specialty store owned and operated by Saks Fifth Avenue Enterprises , a subsidiary of Saks Incorporated. It competes in the high-end specialty store market in the Upper East Side of Manhattan, i.e. 'the 3 B's' Bergdorf, Barneys, Bloomingdale's and Lord & Taylor...
. The next year, Bloomingdale's
Bloomingdale's
Bloomingdale's is an American department store owned by Macy's, Inc. .Bloomingdale's started in 1861 when brothers Joseph and Lyman G. Bloomingdale started selling hoop-skirts in their Ladies Notions' Shop on Manhattan's Lower East Side...
opened at nearby Valley View Center
Valley View Center
Valley View Center is a super-regional shopping mall located at Interstate 635 and Montfort Road in north Dallas, Texas, USA. The mall is owned and managed by The Macerich Company....
. The competition and the reputation of being a notorious teen hangout hurt Prestonwood, but it remained near full occupancy into the 1990s.
Renovations planned in 1996 never materialized. Then the anchors began exiting. In September 1997, citing slow sales, JCPenney closed its store, followed shortly by Mervyns. By 1999, Neiman Marcus and Lord & Taylor were the only two tenants remaining there, and they had already announced plans to relocate to The Shops at Willow Bend
The Shops at Willow Bend
The Shops at Willow Bend is an upscale shopping mall located in Plano, Texas, with over 125 stores and three main anchors. The mall is located at the intersection of West Park Blvd and the Dallas North Tollway in West Plano.-History:...
, a new mall in nearby Plano
Plano, Texas
Plano is a city in the state of Texas, located mostly within Collin County. The city's population was 259,841 at the 2010 census, making it the ninth-largest city in Texas and the 71st most populous city in the United States. Plano is located within the metropolitan area commonly referred to as...
.
Archon Group bought the mall in 2000 to turn it into a telecommunication center called "Genisus Dallas North." After extensive remodeling and only partial usage, that failed too, and by October 2003, Archon dropped its plans for Genisus and announced that they would demolish the mall structure and replace it with an open-air retail shopping center. By summer 2004, it had been completely demolished.
DART Transit Center
In 1985, Dallas Area Rapid TransitDallas Area Rapid Transit
The Dallas Area Rapid Transit authority is a transit agency based in Dallas, Texas . It operates buses, light rail, commuter rail, and high-occupancy vehicle lanes in Dallas and 12 of its suburbs...
opened a major bus transfer station on a street bordering the Prestonwood Town Center parking lot. Mall officials warned commuters that this was not a park and ride
Park and ride
Park and ride facilities are car parks with connections to public transport that allow commuters and other people wishing to travel into city centres to leave their vehicles and transfer to a bus, rail system , or carpool for the rest of their trip...
facility and that their cars would be towed. This dispute lasted for several years but by 1988 a compromise had been worked out to use a limited parking area for park and ride commuters. Disputes between the transit agency and mall management closed the park and ride lot for a time in the mid-1990s but it eventually reopened. In 1999 this facility was closed and operations were transferred to the purpose-built Addison Transit Center
Addison Transit Center
Addison Transit Center is a bus-only station located along Quorum Drive and Addison Road in Addison, Texas . The station opened in 1999. This transit center will become a future rail station on the Cotton Belt as part of DART's 2030 Transit System Plan....
nearby.
