Moorestown Mall

Moorestown Mall
Map
LocationMoorestown, New Jersey, United States
Opening date1963[1]
DeveloperWinston-Muss Corporation
OwnerPREIT
No. of stores and services90+
No. of anchor tenants4
Total retail floor area1,059,405 square feet (98,421.9 m2)[1]
No. of floors1 (2 in Boscov's and former Lord & Taylor, 3 in former Sears, closed 2nd floor in the Five Below, HomeSense, Michaels, Planet Fitness, and Sierra Trading Post building)
Public transit accessBus transport NJ Transit NJ Transit bus: 317, 407, 413, 414, 418, 457
Websitemoorestown-mall.com

Moorestown Mall is a shopping mall in Moorestown, New Jersey, owned by PREIT. The mall has over 90 stores and is anchored by Boscov's, Regal Cinemas, Turn 7 Liquidators and Cooper University Health Care - Moorestown Campus. Junior anchors are Five Below, HomeSense, Michaels, and Sierra Trading Post, all located in a converted Macy's anchor store.39°56′37″N 74°57′46″W / 39.9436°N 74.9629°W / 39.9436; -74.9629

History

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Moorestown Mall originally opened for business in 1963 with Gimbels, Wanamaker's, and Woolworths as the original anchors. In 1971, Sears built a new store and relocated from Camden, NJ. Gimbels became Stern's in 1986 and closed in 1990. It later became Ports of the World, a new concept by Boscov's only to be converted to Boscov's not long after. Moorestown Mall underwent a partial renovation in 1986 and was completely renovated in 1993-94,[2] after a serious fire damaged the northeast quarter of the mall on December 23, 1992. Wanamaker's became Hecht's in 1995 and was later converted to Strawbridge's. Prior to The Rouse Company's purchase of the center in December 1997, Lord & Taylor had committed to opening a store at the mall. Nordstrom also considered opening a location in South Jersey but they did not commit to the mall's expansion plans. The Strawbridge's store was rebuilt in 1999.

In an attempt to protect the Cherry Hill Mall, a mere 3 miles (4.8 km) away, The Rouse Company acquired the Moorestown Mall. PREIT acquired the Cherry Hill Mall, Echelon Mall, Moorestown Mall, Exton Square, Plymouth Meeting Mall, and Gallery at Market East in exchange for Christiana Mall on March 7, 2003. Strawbridge's became Macy's in 2006.

Moorestown Mall in 2012

In 2011, Moorestown residents voted to allow liquor sales at the Moorestown Mall in order to increase revenues at the mall.[3] As a result, several upscale, polished casual restaurants have been opened, highlighted by the Philadelphia region's first Yard House sports-bar restaurant and Distrito, a restaurant from the Garces Group.[4]

On December 22, 2011, PREIT and the Regal Entertainment Group announced their intent to build a new state-of-the-art 56,000 sq ft 12-screen theater known as Regal Moorestown Mall Stadium 12, which will feature the new Regal Premium Experience (RPX).[5][6] The theater took over the 7-screen United Artists Theaters at the mall, while a formerly adjacent skate park was used as an expansion to the new theater which more than doubled the size of the current theater.[6] Additionally, the development marked the first RPX theater in the market, which features digital projectors, surround sound, 2D and RealD 3D, stadium seating with high-back rocking recliner seats, and Regal Express kiosks for automated ticket purchasing.[5] Although opened with standard theater seats, all screens were renovated less than two years later to include full power reclining seats on all screens. The RPX theater features the same new seating with the addition of tactile sound technology from ButtKicker.[7]

In 2015, the mall's food court was redeveloped and upgraded to provide an enhanced environment that better matches the merchandising mix and upscale demographics.

In recent years, the Moorestown Mall has seen an increase in the vacancy rate, due to declining mall traffic and competition from the larger Cherry Hill Mall located less than 4 miles (6.4 km) away. In 2019, the non-anchor occupancy rate at Moorestown Mall is 82.4%.[8]

On January 4, 2017, Macy's announced that its store would be closing as part of a plan to close 68 stores nationwide. The store closed in March 2017.[9] On February 8, 2018, it was announced that HomeSense, and Sierra Trading Post would be opening in the former Macy's space.[10] HomeSense opened in September 2018, Five Below opening in Winter of 2018 and Sierra Trading Post opening in Winter/Spring 2019.[11][12]

On August 28, 2019, Lord & Taylor announced that it would also be closing in 2020.[13]

On February 4, 2020, Sears announced they would be closing as well on April 11, 2020 as part of a plan to close 31 stores nationwide which left Boscov's as the only traditional anchor left.[14]

In 2022, it was announced that PREIT, the malls owner, gained approval to build 375 apartments on the property with a 125-room hotel in the works. The number of apartments could reach 1,065 units.[15]

Turn 7 Liquidators opened in the former Lord & Taylor space in 2022.

Cooper University Health Care converted the former Sears store to an ambulatory care facility,[16] the Cooper University Health Care - Moorestown Campus, which opened in November 2023.[17]

Anchors

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  • Boscov's, opened ~1994 | Former Ports Of The World
  • Cooper University Health Care - Moorestown Campus | Former Sears
  • Regal Moorestown Mall & RPX Cinemas | Expanded into the former Black Diamond Skate Park


Junior Anchors


Former Anchors & Junior Anchors

  • Gimbel's, opened 1963, closed 1986
  • Wanamaker's, opened 1963, closed 1995
  • F. W. Woolworth Company, opened 1963, closed ~1997
  • Sears, opened 1971, closed 2020
  • Stern's, opened 1986, closed 1990 | Former Gimbel's
  • Ports of the World, opened 1990, closed mid-1990s | Former Stern's
  • Hecht's, opened 1995, closed 1996 | Former Wannamaker's
  • Strawbridge's, opened 1996, closed 1998, demolished 1998, re-opened 1999, closed 2006
  • Lord & Taylor, opened 2000, closed 2020
  • Macy's, opened 2006, closed 2017 | Former Strawbridge's
  • Turn 7 Liquidators, Opened 2021, closed 2024 | Former Lord & Taylor

References

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  1. ^ a b "Moorestown Mall Fact Sheet" (PDF). PREIT. Archived from the original (PDF) on 2011-08-09. Retrieved 2010-10-14.
  2. ^ "December 3, 1997". January 17, 1998. Archived from the original on January 17, 1998.
  3. ^ Hefler, Jan (November 9, 2011). "Moorestown repeals liquor ban". The Philadelphia Inquirer. Archived from the original on November 19, 2011. Retrieved November 19, 2011.
  4. ^ Van Allen, Peter (November 15, 2011). "PREIT plans fine dining at N.J. mall now that town alcohol ban over". Philadelphia Business Journal. Retrieved November 29, 2011.
  5. ^ a b "PREIT to Add 12-Screen, 3D Regal Cinemas Theatre to Moorestown Mall". MarketWatch. December 22, 2011. Retrieved January 4, 2012.
  6. ^ a b Scott, Rob (December 23, 2011). "New Moorestown Mall Theater Will Be State-of-the-Art - Moorestown". Patch Media. NJ Patch. Retrieved January 4, 2012.
  7. ^ "Regal Entertainment Group's "RPX" in Moorestown, NJ Features Guitammer's "ButtKicker" Brand Low Frequency Transducers to Provide the Ultimate Impact". Retrieved 2017-02-09.
  8. ^ Levine-Weinberg, Adam (September 10, 2019). "Will PREIT's Worst Malls Die -- or Will They Evolve?". The Motley Fool. Retrieved October 19, 2019.
  9. ^ "Macy's at Moorestown Mall to close – The Moorestown Sun". 5 January 2017.
  10. ^ "HomeSense, Sierra Trading Post Coming To Moorestown Mall". 8 February 2018.
  11. ^ "Homesense sets Moorestown Mall grand opening". Courier-Post.
  12. ^ Walsh, Jim. "Moorestown Mall to add Five Below, two restaurants". Courier-Post.
  13. ^ "Lord & Taylor's Closing Moorestown Mall Store". Moorestown, NJ Patch. August 28, 2019.
  14. ^ "Kmart and 2 more Sears stores closing; Macy's in NJ remain open". New Jersey 101.5.
  15. ^ Walsh, Jim. "Cooper filing discloses plans for Moorestown Mall medical center", Courier-Post, January 25, 2022. Accessed February 25, 2022. "A proposed medical facility at Moorestown Mall would bring a dramatic makeover to a long-vacant Sears building.... The planning board earlier this month gave final approval for 375 apartments to rise in the mall’s parking lot. A 125-room hotel is in the works, and the number of apartments could reach 1,065 units in three complexes, according to PREIT."
  16. ^ "Cooper's largest ambulatory center approved for Moorestown Mall by town's Planning Board".
  17. ^ "Cooper University Health Care's New Moorestown Campus Opens".
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