Phipps Plaza

Phipps Plaza
Location Atlanta, Georgia, United States
Opening date 1969
Developer Simon Properties
Management Simon Properties
Owner Simon Properties
No. of stores and services 112
No. of anchor tenants 3
Total retail floor area 821,000 sq ft (76,300 m2)
No. of floors 3
Website Phipps Plaza

Phipps Plaza is an upscale shopping mall located in the affluent Buckhead district of Atlanta. Owned by Simon Property Group, the retail center is located at the intersection of Peachtree Road (Georgia SR 141) & Lenox Road (Georgia SR 141 Connector) and sits adjacent to its sister-mall Lenox Square in the heart of Buckhead's commercial center.

Phipps is renowned for its exquisite interior decor, which consists of mahogany walls, marble floors, glass elevators, chandeliers, and a massive, carpeted grand staircase. Anchored by Saks Fifth Avenue, Nordstrom, and Belk, the mall boasts a variety of luxury retailers within its tenant roster, which include Gucci, Tiffany & Co., Bally, Hugo Boss, Giorgio Armani, Omega, Rebecca Taylor, Giuseppe Zanotti, Herve Leger, Trina Turk, Ghurka, Versace, Valentino, Elie Tahari, Nicole Miller, L.K. Bennett, Vince, Agent Provocateur, Hublot, Tory Burch, and Bottega Veneta.

It is adjacent to the Phipps Tower office building.[1]

History

In 1969, Phipps Plaza opened as the first multi-level mall in Atlanta, aiming to become the South's leading luxury shopping destination. The mall originally opened with two levels. Purchased by financier Ogden Phipps in 1966 for less than $600,000, the development was sold in 1992 to Simon Properties for $488 million. That year, in development as part of a $140 million renovation and expansion, Phipps added a third anchor, Parisian, a department store based in Birmingham, Alabama, owned by the parent company of Saks Fifth Avenue, to its original anchors Saks Fifth Avenue and Lord & Taylor. The expansion would also add an 14 screen AMC theatre, a new food court, new elevators, and the addition of one new level. Phipps Plaza remains Atlanta's only Saks Fifth Avenue venue. Lord & Taylor would close their Phipps Plaza location in 2004 along with other unprofitable locations. The store served as one of the original anchors for 35 years. The space was eventually completely renovated to make way for Atlanta's third Nordstrom, which opened in March 2005. On August 2, 2006, it was announced that Belk was acquiring the Parisian chain of department stores, with the store being converted to the Belk name in the fall of 2007. The Belk store at Phipps Plaza has now been designated by Belk as one of four of their "flagship" stores and sells the company's signature couture.

In February 2011, Merlin Entertainments announced that it would construct a Legoland Discovery Center at the mall. The $12 million facility, based on the Lego building toys, began construction in July 2011 and opened in March 2012.[2]

Tenants

Anchor stores

Former anchors

Restaurants

See also

References

  1. ↑ Sams, Douglas. "Carter's HQ likely moving to Buckhead." Atlanta Business Chronicle. October 12, 2012. Updated October 22, 2012. Retrieved on May 23, 2013.
  2. ↑ Leon Stafford (2011-02-16). "High-end Phipps Plaza to lure children with Legoland". Atlanta Journal-Constitution. Retrieved 2011-02-16.

Coordinates: 33°51′11″N 84°21′44″W / 33.85312°N 84.36217°W / 33.85312; -84.36217

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