Golden Triangle Mall

Golden Triangle Mall is an enclosed, single-level shopping mall located at the intersection of Loop 288 and I-35E in Denton, Texas, United States. It contains six anchors, a playplace, and total leasable floor area of 764,719 sq ft (71,044.7 m2) total. The anchor stores are Ross Dress for Less, Conn's, H&M, JCPenney, Barnes & Noble, Macy's (closing April 2021), Fitness Connection, and Dillard's.

Golden Triangle Mall
The mall in 2009
LocationDenton, Texas, United States
Coordinates33°11′17″N 97°06′34″W
Opening date1980
ManagementCencor Realty Services; leasing agents The Weitzman Group and the MGHerring Group
OwnerGTM Development, Ltd.
No. of stores and services60
No. of anchor tenants8 (7 open, 1 vacant by April 2021)
Total retail floor area764,719 sq ft (71,044.7 m2) total
No. of floors1
Websiteshopgoldentriangle.com

A major renovation began in 2012 that completely reconstructed the mall, adding and reconstructing amenities such as a new Food Court, a new Center Court, a performance area, mall-wide Wi-Fi, and new seating areas with charging stations. The mall has since attracted a spate of new retailers, including Buckle, Charlotte Russe, Torrid and Zumiez; along with new restaurants including Corner Bakery, Taco Cabana, Tobu Asian and Italia Express.[1] The mall's retailers have also renovated their stores and storefronts, including JCPenney, Dillard's, Victoria's Secret and Hot Topic.[2][3][4]

In March 2015, H&M announced plans to lease a 23,000-square-foot fashion anchor space in the mall, with a location near the west entrance patio and fountain area and with exterior signage and access.[5][6][7]

History

Golden Triangle Mall opened in 1980 as the first enclosed shopping mall in Denton County. The mall thrived in the 1980s, but began suffering when the much larger Vista Ridge Mall opened in Lewisville, just south on I-35E, in 1989.[8] The mall also suffered from the low-income levels in Denton due to it being a college town.[8] Denton Mall Co. sold Golden Triangle to Simon Property Group in 1999. In 2000, Golden Triangle underwent a $3.5 million renovation of its interior, including new floor tile, updated entrances, restroom facilities, and mall graphics.

Mall interior, 2007

In April 2006, the under-performing mall was sold to Feldman Mall Properties at an estimated $40 million with plans to invest over $30 million in renovations.[9] Plans for renovations were halted due to the proposed sale of Feldman Mall Properties and the future development of Rayzor Ranch Town Center. In June 2010, lender JPMorgan Chase & Co. announced its intention to sell Golden Triangle Mall at a foreclosure auction to recoup the $25 million that Feldman Mall Properties still owes on JPMorgan's 2006 loan to Feldman.[10][11] On September 1, 2010, Cencor Realty Services and The Weitzman Group took over management and leasing of the mall.[12]

In 2012–2014, the mall was renovated, including new stores such as Buckle, Charlotte Russe, and Body Central.

Anchor history

The mall's anchors include Barnes & Noble, Conn's, Dillard's, Fitness Connection, JCPenney, Macy's, and Ross Dress for Less with one vacant anchor last occupied by Sears. Macy's was formerly Montgomery Ward until 2001, then Foley's from 2003 to 2006.[13][14] Fitness Connection was formally occupied by Service Merchandise and later became DSW, while Ross was previously a Bealls and the Dillard's Men's store was Russell's until 1989.[15][16]

In March 2015, it was announced that clothing store H&M will be establishing a 23,000-square-foot store in the mall later in the year.[5]

On May 31, 2018, it was announced that Sears would be closing as part of a plan to close 72 stores nationwide. The store closed on September 2, 2018.[17]

In August 2019, DSW announced they would not be renewing the lease on their 55,606 space opting to move to a space in Denton Crossing West. The space was then leased by Fitness Connection which opened in April 2020.[18]

In January 2020, Conn's Home Plus leased about 45,000 sq. ft. of the former Sears, the store was originally scheduled to open in April however due to the COVID-19 pandemic the opening was delayed until July of that year.[19]

On January 6, 2021, it was announced that Macy's would be closing in April 2021 as part of a plan to close 46 stores nationwide.[20]

See also

References
  1. "Mall attracts new businesses". www.dentonrc.com. Retrieved 2016-02-24.
  2. http://www.bizjournals.com/dallas/news/2014/04/14/dillards-plans-expansion-renovation-at-golden.html
  3. "J.C. Penney begins major redo of its store at Denton's Golden Triangle Mall". Biz Beat Blog. Archived from the original on 2016-03-04. Retrieved 2016-02-24.
  4. "Golden Triangle Mall to retain, upgrade Dillard's". www.dentonrc.com. Retrieved 2016-02-24.
  5. Carlisle, Candace (March 12, 2015) "H&M to put latest store in Denton's Golden Triangle Mall", Dallas Business Journal
  6. http://www.weitzmangroup.com/press_reports/golden-triangle-mall-is-reborn-h-m-opening-soon
  7. "Golden Triangle Mall is reborn, H&M opening soon". www.weitzmangroup.com. Retrieved March 16, 2015.
  8. Waller, Susan (October 2, 1989). "First major mall in two years to open in Lewisville". Dallas Morning News. Retrieved June 16, 2010.
  9. "Feldman Mall Properties Announces Contract to Acquire Golden Triangle Mall in Suburban Dallas" (Press release). Feldman Mall Properties, Inc. Business Wire. March 14, 2006. Retrieved June 16, 2010.
  10. Wilonsky, Robert (June 16, 2010). "Sale at Denton's Golden Triangle Mall! Sorry. Make That: Golden Triangle Mall's For Sale". Unfair Park. Dallas Observer. Retrieved June 16, 2010.
  11. Hudson, Kris (June 16, 2010). "And Then There Was One: Feldman Loses Golden Triangle Mall". The Wall Street Journal. Retrieved June 16, 2010.
  12. Cobb, Dawn and Candace Carlisle (September 23, 2010). "New hands guide mall". Denton Record-Chronicle. Archived from the original on January 21, 2013. Retrieved April 12, 2011.
  13. "Wards gap to be filled at North East Mall; Lord &Taylor store set to open next year will be Tarrant's first". Fort Worth Star-Telegram. April 13, 2001. p. 1. Retrieved June 16, 2010. May will convert the former Ward's location at Golden Triangle Mall in Denton into a Foley's, according to the company.
  14. Wethe, David (January 3, 2003). "Work under way on Denton Foley's". Dallas Business Journal. Retrieved June 16, 2010.
  15. http://inthenews.unt.edu/sites/default/files/PDF/2002/11/24/11_24_2002_DRC_Bittersweet.pdf
  16. Directory of major malls. MJJTM Publications Corp. 1990. p. 592.
  17. https://www.dentonrc.com/business/sears-in-denton-one-of-nationwide-to-close-as-sales/article_bbc5d462-d6d6-5408-93de-e8c138421025.html
  18. https://dentonrc.com/news/dsw-leaving-mall-being-replaced-by-fitness-connection/article_6338a212-8a32-5c7b-ae68-55a54225ba20.html
  19. https://dentonrc.com/business/look-ahead-heres-how-denton-business-landscape-will-change-this-year/article_a270465d-6a1b-5982-8419-83fd0d91187b.html
  20. https://www.dallasnews.com/business/retail/2021/01/06/macys-is-closing-stores-45-stores-including-two-in-dallas-fort-worth/
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