Chapel Hills Mall
Encyclopedia
Chapel Hills Mall is a shopping mall located in Colorado Springs, Colorado
. It is a "super-regional mall"
with 1159187 square feet (107,692 m²) of Gross leasable area
. It is anchored by Dillard's
, JCPenney, Macy's
, and Sears
. The mall opened in 1982, with renovations in 1985 and 1998. The 1998 renovation included an ice arena, climbing wall, and Borders Books & Music, as well as the addition of JCPenney in an anchor originally occupied by Service Merchandise
. The climbing wall was closed down in 2005. Late in 2006, the ice arena was closed to make room for Dick's Sporting Goods
. In September 2006, Macy's replaced the Foley's
location like every other department store chain owned by May Department Stores
. Woodley's Fine Furniture was located in a 22313 sq ft (2,073 m²). store until it moved to a larger 40000 sq ft (3,716.1 m²). store formerly occupied by Westwood Furniture in Erindale. Dick's Sporting Goods opened a 50000 sq ft (4,645.2 m²). store in 2007, and that same year, Burlington Coat Factory
took over the former Mervyn's location that closed in early 2006. In June 2011, the mall transferred ownership for the first time in its history. General Growth Properties
, which emerged from Chapter 11 bankruptcy in April 2009 announced to its stockholders that the Chapel Hills Mall, one of its "underperforming malls," would be turned over to its lender if not sold by summer. A partnership between Coyote Management LP of Dallas and Garrison Investment Group of New York purchased the mall for $71.5 million, $40.7 less than General Growth Properties owed on the mall.
Colorado Springs, Colorado
Colorado Springs is a Home Rule Municipality that is the county seat and most populous city of El Paso County, Colorado, United States. Colorado Springs is located in South-Central Colorado, in the southern portion of the state. It is situated on Fountain Creek and is located south of the Colorado...
. It is a "super-regional mall"
Shopping mall
A shopping mall, shopping centre, shopping arcade, shopping precinct or simply mall is one or more buildings forming a complex of shops representing merchandisers, with interconnecting walkways enabling visitors to easily walk from unit to unit, along with a parking area — a modern, indoor version...
with 1159187 square feet (107,692 m²) of Gross leasable area
Gross leasable area
Gross leasable area in the retail development industry is a term applied to shopping malls, lifestyle centers, outlet malls and other retail centers to indicate the amount of floor space available to be rented...
. It is anchored by 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,...
, JCPenney, 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...
, and Sears
Sears, Roebuck and Company
Sears, 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...
. The mall opened in 1982, with renovations in 1985 and 1998. The 1998 renovation included an ice arena, climbing wall, and Borders Books & Music, as well as the addition of JCPenney in an anchor originally occupied by Service Merchandise
Service Merchandise
Service Merchandise is an online retailer and former retailer chain of catalog showroom stores carrying fine jewelry, toys, sporting goods, and electronics that existed for 68 years...
. The climbing wall was closed down in 2005. Late in 2006, the ice arena was closed to make room for Dick's Sporting Goods
Dick's Sporting Goods
Dick's Sporting Goods, Inc. , or Dick's, is a Fortune 500 American corporation in the sporting goods and retail industries.The company's headquarters are on the grounds of Pittsburgh International Airport in Findlay Township near Pittsburgh, Pennsylvania. Dick's has 451 stores in 42 states as of...
. In September 2006, Macy's replaced the Foley's
Foley's
Foley’s was a chain of department stores owned by May Department Stores and headquartered in Downtown Houston, Texas. As of August 30, 2005, the division was dissolved and operation of the stores was assumed by Federated's Macy's West and Macy's South divisions. Foley's operated stores in Texas,...
location like every other department store chain owned by May Department Stores
May Department Stores
The May Department Stores Company was a national department store chain in the United States, founded in 1877 by David May. The company ceased to exist in 2005 when it was merged with Federated Department Stores, Inc . Prior to the merger it was headquartered in Downtown St. Louis, Missouri...
. Woodley's Fine Furniture was located in a 22313 sq ft (2,073 m²). store until it moved to a larger 40000 sq ft (3,716.1 m²). store formerly occupied by Westwood Furniture in Erindale. Dick's Sporting Goods opened a 50000 sq ft (4,645.2 m²). store in 2007, and that same year, Burlington Coat Factory
Burlington Coat Factory
Burlington Coat Factory Warehouse Corporation is a national department store retailer focusing on clothing and shoes, with over 450 stores in 45 states and Puerto Rico.. In 2006, it was acquired by Bain Capital, LLC in a take-private transaction...
took over the former Mervyn's location that closed in early 2006. In June 2011, the mall transferred ownership for the first time in its history. General Growth Properties
General Growth Properties
General Growth Properties, Inc. is a publicly traded real estate investment trust in the United States. It is based in Chicago, Illinois at 110 North Wacker Drive, a historic building designed by architectural firm Graham, Anderson, Probst & White...
, which emerged from Chapter 11 bankruptcy in April 2009 announced to its stockholders that the Chapel Hills Mall, one of its "underperforming malls," would be turned over to its lender if not sold by summer. A partnership between Coyote Management LP of Dallas and Garrison Investment Group of New York purchased the mall for $71.5 million, $40.7 less than General Growth Properties owed on the mall.