Colonie Center

Colonie Center

Location	Albany, New York
Opening date	November 1, 1966[1]
Developer	Homart Development Company
Owner	Heitman Value Partners (Managed by Jones Lang LaSalle)
No. of stores and services	120
No. of anchor tenants	5
Total retail floor area	1,300,000 sq ft (120,000 m2)
No. of floors	2 (main mall), Macy's has 3 floors, and a third-floor movie theater opened in May 2008.
Website	http://www.shopatcoloniecenter.com/

Colonie Center is a shopping mall located in Albany at the intersection of Central Avenue, Wolf Road, and Interstate 87. Opening in 1966, it was the first enclosed shopping mall in New York State's Capital Region. The mall has successfully updated its tenant mix, image, and look on an ongoing basis to keep up with the times, as can be seen from the list of stores on the mall's website. The two-story mall has an area of about 1,300,000 square feet (120,000 m²) and contains approximately 120 stores as well as a food court. Colonie Center is owned by Heitman Value Partners as of June 2009.^[2]

While the mall found itself in danger of possibly becoming a dead mall in the 1990s after the opening of rival mall Crossgates and then its expansion in 1994, vacant space never reached critical levels. However, the opening of Boscov's and Christmas Tree Shops in 1998 rejuvenated the mall, and the 2007 redesign increased traffic even further to the point where it rivals Crossgates Mall.

According to a local newspaper article, at the time the 2007 expansion was announced, the mall was at 73% occupancy. Since the expansion, occupancy has generally continued to increase.

Retailers

Anchors

Colonie Center

• Macy's (opened 1991; 300,000 sq ft (28,000 m²))^[3]. Replaced an older 1966 store 180,000 sq ft (17,000 m²), now mall space.
• Sears (opened 1966; 246,000 sq ft (22,900 m²))^[3]
• Boscov's (opened 1998; 228,000 sq ft (21,200 m²))^[4]
• Christmas Tree Shops (opened 1998)
• L.L.Bean (opened 2007; 30,000 sq ft (2,800 m²))^[5]
• Barnes & Noble (opened 2007; 34,000 sq ft (3,200 m²))^[6]

Former anchors

• Flah's (Later became Herman's World of Sporting Goods)
• Herman's World of Sporting Goods (now Christmas Tree Shops)
• Macy's (Opened 1966, replaced 1990s; 180,000 sq ft (17,000 m²).)
• Steinbach - (opened 1992, closed August 1995, now Boscov's; originally 80,000 sq ft)

See also

• Wolf Road
• Central Avenue

References

1. ^ "Grand Opening Set For Colonie Center". Schenectady Gazette. October 31, 1966. http://news.google.com/newspapers?id=enMhAAAAIBAJ&sjid=q4gFAAAAIBAJ&pg=581,5956319. Retrieved March 11, 2010. 
2. ^ "Feldman sells stake in Colonie Center for $4.1M". June 4, 2009. http://albany.bizjournals.com/albany/stories/2009/06/01/daily38.html?s=. 
3. ^ ^{a b} Chamber Feature Article
4. ^ Moore, Deborah (November 9, 1998). "Mohawk Mall may be razed in favor of open-air plaza". http://www.bizjournals.com/albany/stories/1998/11/09/story7.html. 
5. ^ "L.L. Bean to open at Colonie Center Sept. 14". September 6, 2007. http://www.bizjournals.com/albany/stories/2007/09/03/daily24.html. 
6. ^ Business news blog - Times Union Albany NY - The Buzz: Business news » New Barnes & Noble store to offer more space, staff - timesunion.com - Albany NY

External links

• Colonie Center Homepage
• Albany-Colonie Chamber of Commerce History of Area Malls

Coordinates: 42°42′36″N 73°48′58″W / 42.71°N 73.81611°W / 42.71; -73.81611