Buena Park Downtown
| Location | Buena Park, California |
|---|---|
| Address | 8308 On the Mall, Buena Park, Ca 90620 |
| Opening date | 1961 |
| No. of stores and services | 7 (5 open) |
| No. of anchor tenants | 2 |
| No. of floors | 2 |
Buena Park Downtown, formerly Buena Park Mall, is an enclosed shopping mall located on La Palma Avenue in Buena Park, California, near the Knott's Berry Farm theme park. Currently owned by Coventry Real Estate Advisors,[1] the mall is anchored by Bed Bath & Beyond, TJ Maxx, Ross Dress For Less, Sears and Wal-Mart.
As of 2007 it is the 20th largest mall in Orange County around 1,100,000 square feet (100,000 m2) of retail space. It has languished in sales, however; at $123 million, it brings in half of other malls its size, such as WP Glimcher's Westminster Mall and Westfield MainPlace.[2]
History
Built in 1961, the Buena Park Mall was one of the first malls in Orange County, anchored by JCPenney, Sears, and May Company California.[3] A United Artists movie theater opened in 1984, to close in 1999;[4] the space has been converted for retail use. The May Company closed and was replaced with discount chain Fedco[5]
The mall was neglected in the 1980s and 1990s even as the local retail market changed.[6] In 1995 a group controlled by the Pritzker family of Chicago bought the mall for $41 million from Australia's City Freeholds, Inc., and planned a $120 million renovation.[3]
The modernization was stalled for several years. After FedCo closed, the leaseholder sought to sublet the space to Gigante, a Mexican supermarket chain, and opposed a major renovation. Target Corporation, which had acquired FedCo in 1999, refused to allow the lease to be transferred to another discount retailer.[7] Finally, in late 2001, the city of Buena Park itself paid $3.2 million to take over the Fedco lease and transfer it to Wal-Mart, which now occupies the space.[6][8] Completed in 2003, the renovation also replaced the former JC Penney with a new Krikorian Theaters multiplex.[4]
Burlington Coat Factory, a later addition, closed in 2005 and was replaced with Steve & Barry's which closed in 2008. Tower Records also operated in the mall until the demise of the chain in 2007. The Chicago eatery Portillo's opened their first Southern California outlet at the mall in 2005, next to the Pat & Oscar's, along the La Palma edge of the parking lot. Steve & Barry's closed in 2009.[3] Circuit City was formerly one of the principal stores of Buena Park Place, but closed in 2009 due to its bankruptcy.
References
- ↑ "Coventry Real Estate Advisors Portfolio". Coventry Real Estate Advisors. Coventry Real Estate Advisors. Retrieved 11 May 2015.
- ↑ Cruz, Sherri (October 22–28, 2007). "Buena Park Downtown Pins Growth on John's". Orange County Business Journal.
- 1 2 3 Mello, Michael (October 28, 2008). "City to buy Buena Park mall?". Orange County Register.
- 1 2 "Buena Park Mall". 70mm Equipped Theatre Pictures.
- ↑ Longo, Don (December 6, 1993). "Fedco debuts tri-level unit for universal appeal". Discount Store News.
- 1 2 Bellantonio, Jennifer (March 11, 2002). "Buena Park Mall nearing last stages in $70M makeover". Orange County Business Journal.
- ↑ Cholo-Tipton, Ana (April 4, 2000). "Mall’s Future Is in Flux: Movies or Market?". Los Angeles Times. p. B-5.
- ↑ Businesses - Redevelopment Projects & Success Stories
External links
Coordinates: 33°50′43″N 117°59′22″W / 33.845141°N 117.989382°W
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