DeVargas Center

De Vargas Center is an enclosed shopping center in Santa Fe, New Mexico.[2] Originally named De Vargas Mall, the shopping center is one of two enclosed malls in Santa Fe.

De Vargas Center
LocationSanta Fe, New Mexico
Coordinates
Address564 N Guadalupe St
Opening date1973
DeveloperNash Hancock
OwnerFidelis Reality Partners[1]
ArchitectWilliam Lumpkins
No. of stores and services55
No. of anchor tenants5 (4 open, 1 vacant)
Total retail floor area320,000 sq ft (30,000 m2) (adjacent Albertsons included)
No. of floors1
Websitedevargascenter.com

History

1973-1987

The De Vargas Mall was developed by Kentucky businessman Nash Hancock and formally opened its doors in 1973.[3] However, an Albertsons and Factory 2-U already had opened a few years prior. The structure was designed by Santa Fe architect William Lumpkins.[4] In 1975, luxury men's department store Goodman's relocated from the Santa Fe Plaza.[5] In 1977, the center added a Montgomery Ward and JCPenney as anchors and a United Artist two-screen theater.[6][7] When the Villa Linda Mall opened in 1985, JCPenney relocated to the southwest side of town. The site would later be replaced by upscale department store C. R. Anthony Co..[8]

1988-2000

The mall changed ownership for the first time in Weingarten Realty and underwent $1-million renovation which included upgrading the interior and expanded the theater.[9] In 1996, Ross Dress for Less opened up a new-to-market location.[10] In 1998, Montgomery Ward announced bankruptcy and shuttered its Santa Fe location.[11] That same year Albertsons purchased the former Montgomery Ward location and announced plans to reconstruct the building.[12]

2001-present

In 2010, Fidelis Realty Partners purchased the property from Weingarten Realty Management Co, Inc.[13] In 2016, several tenants from nearby Sanbusco Marketplace relocated to the center following New Mexico School of the Art's purchase of the property.[14] During that same year, anchor tenant Hastings filed Chapter 11 bankruptcy and closed all of its stores.[15] In 2017, the Regal Cinemas closed its six-screen theater[16] In 2018, the shopping center announced plans to reconstruct the west side of the complex to include The Alley, a lounge and bowling alley.[17] In 2019, T.J. Maxx announced HomeGoods subsidiary plans to occupy one of the anchors at the center.[18]

Anchors

Junior Anchors

References
  1. http://www.devargascenter.com/new-page-1
  2. http://www.fidelisrealtypartners.com/Properties/DeVargasCenter
  3. "De Vargas Center owner 'no newcomer' to Santa Fe" Santa Fe New Mexican, 31 October 73. Retrieved on 05 October 17.
  4. https://insidesantafe.com/business/devargas-center/
  5. Murphy, Victoria "Great things are coming for Santa Fe" Albuquerque Journal Albuquerque, 18 April 14. Retrieved on 7 October 17.
  6. Valerde, Victoria "DeVargas Center movie theater in Santa Fe scheduled to close" KRQE Albuquerque, 18 January 17. Retrieved on 05 October 17.
  7. Jadrnak, Jackie "De Vargas theaters are shutting down" Albuquerque Journal Albuquerque. 18 January 17. Retrieved on 05 October 17.
  8. "A Happy Birthday for De Vargas" Santa Fe Reporter, Santa Fe, 13 October 93. Retrieved on 07 October 17.
  9. Cook, Lynn "Weingarten Realty continues buying binge outside Houston" Business Journal, Houston, 6 September 99. Retrieved on 07 October 2017
  10. "A Major Coup for DeVargas Center" Santa Fe Reporter, Santa Fe, 28 February 96. Retrieved on 07 October 17.
  11. Hamilton, Martha "Montgomery Ward to close all stores" The Washington Post, Washington D.C., 29 December 00, Retrieved on 05 October 17.
  12. "DeVargas" Santa Fe New Mexican, Santa Fe, 27 March 2005. Retrieved on 05 October 17
  13. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=98346397
  14. Carrillo, Edmundo. "Many stores at Sanbusco Market Center have migrated across downtown to DeVargas Center" Albuquerque Journal, Albuquerque, 16 January 16. Retrieved on 05 October 17.
  15. Valdes, Alisa "Hastings Entertainment store to shutter New Mexico locations" Santa Fe New Mexican, Santa Fe, 22 July 16. Retrieved on 05 October 17.
  16. Valerde, Victoria "DeVargas Center movie theater in Santa Fe scheduled to close" KRQE Albuquerque, 18 January 17. Retrieved on 05 October 17.
  17. Casaus, Phill. Santa Fe New Mexican, 14 March 18. Retrieved 15 March 18
  18. https://www.santafenewmexican.com/news/business/devargas-center-to-add-anchor/article_bc23569e-cc31-51fc-8622-a54e8b2991e3.html
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