New stores, maybe a new name, for troubled Queens shopping mall

Atlas Park confirmed that Forever 21 would be opening large store there

TRD NEW YORK /
Aug.August 31, 2012 01:30 PM

Atlas Park shopping mall in Glendale, Queens is attempting to change its image. The Times Ledger reported that the shopping center is courting new stores and might even change its name — though the mall owner, Macerich, declined to comment on current negotiations with retailers and the name change.

Macerich, however, did confirm that fashion retailer Forever 21 will open a 15,000-square-foot location at Atlas early next year.

As for the name change, Sen. Joseph Addabbo told the Times Ledger that “changing the name might be the right business move for Macerich because Atlas has been associated with a failing entity for so long.”

As previously reported, Macerich nabbed the shopping center for roughly $54 million at a foreclosure auction in early 2011. Macerich reportedly owns 64 malls and despite talk about malls becoming extinct, CEO Art Coppola said this doesn’t mean every mall is doomed. “For every mall that disappears, there is an existing mall that gets so much better that it is more economically impactful,” he told the Wall Street Journal. [Times Ledger]


Related Articles

arrow_forward_ios
Bed Bath & Beyond CEO Mark Tritton (Credit: Getty Images, Mike Mozart via Flickr)

Bed Bath & Beyond to invest $1B in store upgrades and buybacks

Kitopi CEO Mohamad Ballout (Credit: Kitopi and iStock)

“Smart” kitchen and delivery startup raises $60M for US expansion

From left: Taubman's Robert Taubman, Macerich's Thomas O'Hern and Simon Property Group's David Simon (Credit: Getty Images) 

Mall landlords’ stocks plunge as REIT eyes bankrupt Forever 21

Vornado CEO Steve Roth and 595 Madison Avenue (Credit: Google Maps and Getty Images)

Fendi, Berluti take over old Coach flagship at 595 Madison

From left: Authentic Brands Group CEO Jamie Salter, Simon Property Group CEO David Simon, and Forever 21 CEO Do Won Chang (Credit: Getty Images)

Forever 21’s biggest landlord could become its new owner

Ex-Barneys CEO Daniella Vitale (Credit: Getty Images, Google Maps)

Barneys’ lights still on, but workers left in dark

Faith Hope Consolo (Credit: Getty Images, iStock)

The real story behind Faith Hope Consolo’s glamorous life

Clockwise from left: Kings Plaza Shopping Center in Brooklyn, 45-18 Court Square  in Long Island City with GFP's Eric Gural, and 150-13 89th Avenue in Jamaica 

Brooklyn mall’s $487M tops outer-borough loan list

arrow_forward_ios
Loading...