The Manhattan Mall, one of the few traditional indoor malls in New York City, is located at 33rd Street and Sixth Avenue. There are entrances to the 34th Street-Herald Square subway station and the 33rd Street PATH station on the second basement level.
While the mall is still a high-traffic shopping venue which has had A&S and Sterns as anchor stores in the past. Currently the major anchor store is JC Penney. The Childrenswear Center occupies many of the upper floors.[1] Venture bought the building in 1999 for $135 million and sold it to Vornado Realty Trust in 2006 for $689 million.[2]
The mall is located in the high-rise building formerly used by the Gimbels flagship store, which closed in 1986. After a renovation, it reopened as the Mall in 1989. It was originally 13 levels high but difficult access to upper floors made the whole mall a financial failure. All but two of the street level or above floors were removed soon after Stern's closed. On April 18, 2007, JCPenney announced that it would open a 150,000-square-foot (14,000 m2) store at the mall, its first in Manhattan. [3] Retailers, the food court and the direct entrance to the Subway and PATH on the second underground level were closed to make way for the new store. The store was opened on July 31, 2009.
References
- ^ "Argent Ventures completes repositioning of Manhattan Mall", Real Estate Weekly, December 10, 2003. Accessed October 2, 2007.
- ^ Weiss, Lois. "HERALD SQUARE DANCE: FRENZY OF COMMERCIAL DEALS IN RETAIL MECCA", The New York Post, November 29, 2006. Accessed October 2, 2007. "Then yesterday, Vornado Realty Trust revealed that it is buying the Manhattan Mall from Argent Ventures for $689 million."
- ^ Kavilanz, Parija B. JCPenney to open first Manhattan store: Department store chain announces it will open its first Big Apple location in the Manhattan Mall; ups first-quarter profit guidance., CNN Money, April 18, 2007.
External links
Coordinates: 40°44′57″N 73°59′21″W / 40.749098°N 73.9892372°W
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