Colonie Center

Colonie Center
Colonie Center
Colonie Center.jpg
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.

Contents

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

References

External links

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



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