Greenspoint Mall

infobox shopping mall
shopping_mall_name = Greenspoint Mall

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|thumb
caption = The Macy's at Greenspoint Mall in Houston, Texas was a Foley's until 2006
location = Houston, Texas, USA
opening_date = 1976
developer =
manager = Triyar Cannon Group
owner = Triyar Cannon Group
number_of_stores = 140+
number_of_anchors = 3
floor_area = 1,700,000 ft²
floors = 1
website = [http://www.greenspointmall.com www.greenspointmall.com]

Greenspoint Mall is a shopping mall located in Greenspoint, Houston, Texas, at the northeast corner of Interstate 45 and Beltway 8. It is anchored by retailers Dillard's, Macy's, and Sears. The mall is among the largest five Houston-area retail developments based on net rentable area. [ [http://houston.bizjournals.com/houston/stories/2000/11/27/list.html Largest Area Shopping Centers And Malls] "Houston Business Journal", November 24, 2000.]

History

Greenspoint Mall opened in July 1976, anchored by Sears and Houston-based Foley's, the latter of which was owned at the time by Federated Department Stores who developed the mall. The mall eventually expanded by the early 1980s to include Joske's, JCPenney, Montgomery Ward and Lord & Taylor. Revolving around a "Central Park" theme, complete with a sculpture court, Greenspoint was at one point the largest mall in Greater Houston before the Galleria's later expansions in the 1980s and 2000s. Prudential Property Co. planned a $7 million renovation in 1988. [ [http://www.chron.com/CDA/archives/archive.mpl?id=1988_543101 $7 million renovation planned] , "Houston Chronicle", May 13, 1988.]

However, Greenspoint Mall's fortunes began to wane at the end of the 1980s, when the Houston economy took a hit from the collapse of the energy industry and a subsequent bottoming out of the area real estate market. Also, the openings of Willowbrook Mall to the northwest and Deerbrook Mall to the northeast ate into Greenspoint's customer base. Making matters worse, after the kidnap and murder of a sheriff's deputy in the area that culminated from an uptick in criminal activity, the Greenspoint area became notorious for its high crime rate. Houstonians began to derisively refer to the once-booming area as "Gunspoint." In 1994, the mall lost even more business after the opening of The Woodlands Mall in the burgeoning exurb of The Woodlands..

Dallas-based Archon was near a deal to purchase the mall in 1998, [ [http://houston.bizjournals.com/houston/stories/1998/02/09/story1.html?page=1 Dallas firm buying Greenspoint Mall] , "Houston Business Journal", February 6, 1998.] though a Los Angeles developer would unravel the deal when it entered negotiations to purchase the mall instead. [ [http://houston.bizjournals.com/houston/stories/1998/04/13/story1.html?page=1 Buyers compete for Greenspoint Mall] , "Houston Business Journal", April 10, 1998.] Los Angeles developer Bob Yari of Day Properties would eventually purchase the 1.7 million-square-foot mall from Prudential Real Estate Investments Separate Account, a pension fund investment group organized by Prudential Insurance Company of America. Yari sought to attract a mutliscreen movie theater. [ [http://www.chron.com/CDA/archives/archive.mpl?id=1998_3076252 Greenspoint Mall sold to developer / Owner seeks theater, other changes] , "Houston Chronicle", August 15, 1998.]

The mall became a part of a redevelopment project in 1998. [ [http://houston.bizjournals.com/houston/stories/1998/09/14/newscolumn4.html Greenspoint gets green light from city to create new TIF] , "Houston Business Journal", September 11, 1998] [ [http://www.chron.com/CDA/archives/archive.mpl?id=1998_3094302 New hope resides in Greenspoint / an ambitious project attempts to rebuild blocks of apartments as well as a reputation] , "Houston Chronicle", November 1, 1998.] Office and convention center space, as well as a flea market were all being considered. [ [http://houston.bizjournals.com/houston/stories/1999/04/26/newscolumn3.html Greenspoint Mall eyes revival with office, convention space] , "Houston Business Journal", April 23, 1999.] As part of the redevelopment, the owners bought the closed Mervyn's and JCPenney locations in 2000. [ [http://houston.bizjournals.com/houston/stories/2000/06/05/story1.html?page=1 Greenspoint buyer adds two stores] , "Houston Business Journal", June 2, 2000.]

In 2006, the management of Greenspoint Mall announced a $32 million project to refurbish the 30-year-old mall into an open air shopping center with public plazas and outdoor amenities. [ [http://www.chron.com/CDA/archives/archive.mpl?id=2006_4102157 Greenspoint is dressing up / Mall will spend $32 million on new look, new features] , "Houston Chronicle", April 21, 2006.] [ [http://www.chron.com/CDA/archives/archive.mpl?id=2006_4117865 Greenspoint Mall to get facelift / $32 million project made possible by partnership] , "Houston Chronicle", May 18, 2006.]

On the morning of Tuesday, November 27, 2007, a man and woman were killed in a murder-suicide inside a lingerie store in the mall. [ [http://www.click2houston.com/news/14704550/detail.html 2 Shot to Death at North Houston Mall] , "Click2Houston KPRC", Novemeber 27, 2007. ]

[http://www.dillards.com/sec/StoreHomePageServlet?storenumber=0609 The Dillards at Greenspoint Mall is a clearance center, and all items are priced 50%-75% off.]

Former anchors

Former anchors include Foley's (1976–2006, now Macy's), Lord & Taylor (1979–1989), Mervyns (1989–1998, operated in vacated Lord & Taylor space), [ [http://www.chron.com/CDA/archives/archive.mpl?id=1989_602214 Mervyn's to take over 2 Lord & Taylor stores] , "Houston Chronicle", February 8, 1989.] [ [http://www.chron.com/CDA/archives/archive.mpl?id=1989_648181 New Mervyn's to create 400 jobs] , "Houston Chronicle", September 6, 1989.] [ [http://www.chron.com/CDA/archives/archive.mpl?id=1998_3028210 Mervyn's closing 2 stores in Houston ] , "Houston Chronicle", January 17, 1998.] Montgomery Ward (closed 2001), Joske's (now Dillard's), and J.C. Penney (closed 1998). [ [http://www.chron.com/CDA/archives/archive.mpl?id=1998_3056377 Houston Chronicle 100 / Houston's leading companies / Retail / Malls find they must evolve or face possible extinction] , "Houston Chronicle", May 17, 1998.]

Anchors

*Dillard's "(opened as Joske's, became Dillard's 1987)"
*Macy's "(opened 1976 as Foley's, became Macy's 2006)" 305,165 sq. ft.
*Sears
*"Fitness Connection (opened 1979 as Lord & Taylor, closed 1989, became Mervyns 1989, closed 1998)"
*"Vacant (former JCPenney, closed 1998)"
*"Vacant (former Montgomery Ward, closed 2001)"

References

External links

* [http://www.greenspointmall.com/ Greenspoint Mall website]