Fayette Mall
.jpg) Fayette Mall entrance, July 2013 | |
 | |
| Location | Lexington, Kentucky, United States |
|---|---|
| Coordinates | 37°59′18.72″N 84°31′39.97″W / 37.9885333°N 84.5277694°W |
| Address | 3401 Nicholasville Road |
| Opening date | April 20, 1971 |
| Developer | Richard E. Jacobs Group |
| Management | CBL & Associates Properties |
| Owner | CBL & Associates Properties |
| No. of stores and services | 175+ |
| No. of anchor tenants | 4 |
| Total retail floor area | 1,184,982 sq ft (110,088 m2) (GLA)[1] |
| No. of floors | 1 (2 in Dick's Sporting Goods, Dillard's, H&M, and JCPenney, 3 in Macy's) |
| Parking | 5,704 |
| Public transit access |  LexTran |
| Website | shopfayette-mall |
Fayette Mall is a regional shopping mall in Lexington, Kentucky, located at 3401 Nicholasville Road in southern Lexington. It is the largest mall in the state of Kentucky. The mall's anchor stores are Macy's, JCPenney, Dick's Sporting Goods, and Dillard's. The mall is among the largest shopping malls in the southeastern United States, boasting just under 200 stores plus a large food court.
History
[edit]Fayette Mall was opened by developer Richard E. Jacobs Group Inc. on April 20, 1971, supplanting Turfland Mall as Lexington's largest shopping mall.[2] Its original anchor stores included Sears, Shillito's (became Shillito-Rike's in 1982, Lazarus in 1986, Lazarus-Macy's in 2003, now Macy's since 2005) and Stewart Dry Goods (became L. S. Ayres in 1985, Ben Snyder's in 1987, Hess's in 1988, now JCPenney since 1993). Fayette Mall was renovated and enlarged in 1993 with McAlpin's, which became Dillard's in 1998.[3]
The mall was acquired in 2001 by CBL & Associates Properties Inc. of Chattanooga, Tennessee, which classifies Fayette Mall as one of its superior shopping centers, one of a dozen "distinct, high-performing properties" in its portfolio of more than 100 malls and shopping centers.[4]
Fayette Mall's sales of $492 per square foot is the second-highest among CBL's properties.[5] As of 2007, Fayette Mall featured 1,183,982 square feet (109,996 m2) of gross leasable area, 111 in-line stores, and 5,704 parking spaces on 86.6 acres (350,000 m2).[1]
Sears closed its mall store in late 2013 and sold the space to CBL for redevelopment.[6] In March 2014, management announced that The Cheesecake Factory and H&M would be among the new openings in the former Sears space.[7] [8] The space opened on November 7, 2014.
On February 26, 2021, the Apple Store closed at the Fayette Mall, and moved to the Summit at Fritz Farm on March 1, 2021.[9]
Growth beyond the mall
[edit]In 2006, CBL opened The Plaza at Fayette Mall, a 190,207-square-foot (18,000 m2) center adjacent to the mall and occupied by restaurants, various retailers, and a Cinemark Theatres 16.[10]
References
[edit]- ^ a b Fayette Mall Fact Sheet Archived 2015-09-23 at the Wayback Machine Retrieved 2013-01-17
- ^ Jacobs Group web site Retrieved 2013-01-17
- ^ CBL & Associates Properties Inc. website Archived 2007-09-27 at the Wayback Machine Retrieved 2013-01-17
- ^ CBL & Associates Properties Inc. Retrieved 2013-01-17
- ^ CBL Associates Properties Inc. Form 10-K for the year ended December 31, 2006
- ^ "Sears To Leave Fayette Mall By End Of Year". July 2013.
- ^ "Lexington's Fayette Mall will redevelop Sears space after store closes by year's end | Business | Kentucky.com". Archived from the original on 2013-07-03.
- ^ "Cheesecake Factory, H&M coming to Fayette Mall | Business | Kentucky.com". Archived from the original on 2014-03-21.
- ^ "Fayette Mall Apple Store moving to The Summit at Fritz Farm".
- ^ The Plaza at Fayette Mall Fact Sheet[permanent dead link] Retrieved 2013-01-17.