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
Gap CEO Sonia Syngal (Getty)

Gap Inc. will close 350 stores and exit malls entirely

Gap Inc. will close 350 stores and exit malls entirely
518 Broadway (Google Maps)

Four years vacant: Landlord offers dire outlook for Soho building

Four years vacant: Landlord offers dire outlook for Soho building
Vornado CEO Steven Roth with 1535 Broadway and 220 Central Park South (Getty, VNO, Google Maps)

Vornado sees $100M retail JV loss, $190M in 220 CPS gains

Vornado sees $100M retail JV loss, $190M in 220 CPS gains
AMC’s financial woes have left the movie theater chain strapped for cash and facing in-court restructuring of its liabilities. (iStock; Getty)

AMC faces serious cash crunch despite theaters reopening

AMC faces serious cash crunch despite theaters reopening
(Illustration by Maciej Frolow)

Does Brookfield’s balance sheet fully reveal the health of its real estate?

Does Brookfield’s balance sheet fully reveal the health of its real estate?
Gov. Andrew Cuomo announced that movie theaters in some New York counties can reopen, but NYC’s theaters are excluded for now. (Getty; iStock)

Cuomo: Movie theaters can reopen — but not in NYC

Cuomo: Movie theaters can reopen — but not in NYC
IKEA Chief Sustainability Officer Pia Heidenmark Cook (IKEA, iStock)

Ikea will buy back your old furniture on Black Friday

Ikea will buy back your old furniture on Black Friday
107 Chambers Street and Allison and Frederick Thompson (Google Maps, Tribeca Health & Fitness) 

Another fitness studio in Manhattan goes belly-up

Another fitness studio in Manhattan goes belly-up
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...