Galleria Dallas

Galleria Dallas
Location Dallas, Texas, USA
Opening date 1982
Developer Hines Interests Limited Partnership
Management Simon Property Group
Owner UBS Realty Investors LLC (UBS AG)
Architect HOK
No. of stores and services 200+
No. of anchor tenants 9
Total retail floor area total: 1,700,000 sq ft (158,000 m2)
retail: 1,400,000 sq ft (130,000 m2)[1]
No. of floors 4 (including ice level)
Parking 10,000+ spaces[2]
Website www.galleriadallas.com

The Galleria Dallas, an upscale shopping mall and mixed-use development located in north Dallas, Texas, (U.S.), was originally developed by Hines Interests in 1982. The mall was modeled after a similar Hines development, the Houston Galleria, which opened in 1970. Both malls have an ice skating rink and a glass vaulted ceiling that is modeled after the historic Galleria Vittorio Emanuele II in Milan, Italy.

Currently, there are over 200 stores and restaurants, including an ice rink and the Westin Galleria Hotel.[3] Galleria Dallas is located at the intersection of Interstate 635 and the Dallas North Tollway. The property is currently owned by an investment consortium advised by UBS Realty Investors LLC, a subsidiary of UBS AG of Zurich, Switzerland, and was managed by General Growth Properties of Chicago, Illinois until 2009. Due to the bankruptcy of General Growth in that year, Indianapolis-based Simon Property Group, who also owns North East Mall in Hurst, Texas, and the Houston Galleria, assumed management of the mall, beginning August 23, 2009.

History

In 1982, Hines Interests opened the mall, originally named Dallas Galleria, with the anchor stores of Marshall Field's and Saks Fifth Avenue along with the 432-room Westin Hotel. By 1985, the mall was expanded and a Macy's location was opened. On September 7, 1985, the mall was the location of WFAA-TV Channel 8's Sump'n Else bandstand program's 20th Anniversary live reunion special hosted by Ron Chapman and Ralph Baker Jr. with special appearances by "The Little Group" dancers and Kenny and the Kasuals, and was also simulcast live on KVIL.

In 1995, Dallas Galleria opened a 75,000 square feet (7,000 m2) expansion in November of that year. In March 1996, Nordstrom opened as the anchor of the mall's new wing. In 1997, Marshall Field's sold all of its Texas locations, including the location at the mall.[4] Saks Fifth Avenue later purchased, renovated, and relocated its store to the space in 1999, while the original Saks location at the mall was later converted into a Gap Inc. megastore housing Banana Republic on the first level, Gap on the second level, and Old Navy on the third level.

In 2002, Hines Interests sold Dallas Galleria to UBS Realty Investors LLC of Hartford, Connecticut, for an estimated US$300 million. By 2003, a major renovation began with the mall's name being changed officially to "Galleria Dallas."[5] In April 2005, UBS Realty Investors LLC announced that it had acquired the Westin Galleria Hotel from Hines Interests for $95 million.[6]

In April 2009, General Growth Properties, the mall's management company, declared bankruptcy. In June, Simon Property Group obtained management rights and their tenure started August 1.[7]

In August 2011, a man committed suicide by jumping from the third floor of the mall, landing in the ice skating rink.[8]

On March 22, 2012, H&M opened on the second floor across from Saks Fifth Avenue. On June 15, 2013, Saks Incorporated officially closed its Dallas store, which location was soon renovated and replaced in 2014 by Charlotte-based, mid-range department store chain Belk.[9][10]

Major anchors

Former tenants

See also

References

  1. Property details, Hines, Retrieved on 9 September 2006.
  2. Visitor & Guest Services, Galleria Dallas, Retrieved on 9 September 2006.
  3. "Official Westin Galleria Dallas Site".
  4. "Retailing". Los Angeles Times. 29 August 1996. Retrieved 14 September 2015.
  5. A grander Galleria, International Council of Shopping Centers, November 2003.
  6. UBS Realty Investors Acquires the 432-room Westin Galleria Hotel in North Dallas for $95 million, The Dallas Morning News, 8 April 2005.
  7. "SIMON | Investor Relations | Press Release". Phx.corporate-ir.net. 2009-06-24. Retrieved 2016-06-24.
  8. "Dallas police say Colorado man who died in 50-foot fall from top floor of Galleria likely committed suicide". The Dallas Morning News. 10 August 2011. Retrieved 14 September 2015.
  9. "Galleria Dallas is losing Saks and gaining Belk | Dallas Morning News". Dallasnews.com. Retrieved 2016-06-24.
  10. "Belk opening in Galleria Dallas | Dallas Morning News". Dallasnews.com. 2014-03-22. Retrieved 2016-06-24.

External links

Coordinates: 32°55′48.00″N 96°49′10″W / 32.9300000°N 96.81944°W / 32.9300000; -96.81944

This article is issued from Wikipedia - version of the 11/4/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.