Why is Ridgmar Mall closing?

Why is Ridgmar Mall closing?

The once-popular Ridgmar Mall soon will be down to just a single anchor department store, after Sears disclosed Thursday that the west Fort Worth store will be among 63 retail venues to close by September because of a lack of profitability.

What’s in the Ridgmar Mall?

What stores are located in Ridgmar Mall? – look store list, shop directory, restaurants and services

  • Auntie Anne’s Pretzels.
  • Austin 5.
  • Bath & Body Works / White Barn Candle Company.
  • Blingz N Thingz.
  • Buckle.
  • Candy World.
  • Champs Sports.
  • Chick-fil-A.

Is Ridgmar Mall for sale?

GK Development Inc., a Chicago area real estate acquisition and development company, has acquired Ridgmar Mall, a super regional shopping center located at Interstate 30 and State Highway 183 in west Fort Worth. The seller was Macerich, located in Santa Monica, Calif. The purchase price was not disclosed.

Does Ridgmar Mall have a Macy’s?

The Macy’s department store in Ridgmar Mall in west Fort Worth is the only Texas location slated for closure, according to a list released Wednesday by the retailer. The 181,000-square-foot store at Ridgmar, a former Foley’s, opened in 1998. In all, Macy’s will close 40 stores nationwide.

Who owns Ridgmar Mall in Fort Worth?

GK Development, Inc
Ridgmar Mall/Owners

How much does Ridgmar Mall cost?

The purchase price was $71.1 million. Concurrent with the closing, a $57.4 million loan bearing interest at a fixed rate of 6.0725% was placed on the property.

When did the Ridgmar mall open?

1976
Ridgmar Mall/Opened

Ridgmar Mall opened in 1976 with Dillard’s, JCPenney, and Neiman Marcus as the original anchors. Sears was added the following year.

When was Hulen Mall built?

August 4, 1977
Hulen Mall/Opened

When was Ridgmar mall built?

Ridgmar Mall is an enclosed shopping mall in Fort Worth, Texas. It opened in 1976 at 1888 Green Oaks Road and Interstate 30….Ridgmar Mall.

Macy’s at Ridgmar Mall (now closed)
Wikimedia | © OpenStreetMap
Owner GK Development
No. of stores and services 34
No. of anchor tenants 8 (4 open, 4 vacant)

How many stores does Hulen Mall have?

The mall is anchored by two major department stores and contains 118 specialty shops and stores….Hulen Mall.

No. of stores and services 118
No. of anchor tenants 3 (2 Open, 1 Vacant)
Total retail floor area 942,000 sq ft (87,500 m2)
No. of floors 2 (3 in Dillard’s & Macy’s)

Is Hulen Mall safe?

The mall is clean, feel safe and good parking.

Where is Ridgmar Mall in Fort Worth TX?

Ridgmar Mall is an enclosed shopping mall in Fort Worth, Texas. It opened in 1976 at 1888 Green Oaks Road and Interstate 30.

Is the Sears store in Ridgmar Mall closing?

Ridgmar Mall. It is recognized as the main shopping destination in Fort Worth, also serving other rural areas within proximity to Fort Worth. On May 31, 2018, it was announced that Sears would be closing as part of a plan to close 72 stores nationwide. The store will close in September 2018.

What was the original anchors of Ridgmar Mall?

Ridgmar Mall opened in 1976 with Dillard’s, JCPenney, and Neiman Marcus as the original anchors. Sears was added the following year. Foley’s was added in 1998 and was converted to Macy’s in 2006. Rave Cinemas opened in the 2000s.