Indian River Mall Explained

Indian River Mall
Location:Vero Beach, Florida, United States
Coordinates:27.6426°N -80.4591°W
Address:6200 20th St.
Developer:Edward J. DeBartolo
Owner:Kohan Retail Investment Group[1]
Number Of Stores:80+
Number Of Anchors:5 (3 open, 2 vacant)
Floor Area:[2]
Floors:1

Indian River Mall is an enclosed shopping mall in Vero Beach, Florida. Opened in 1996, it is anchored by Dillard's, AMC Theatres, and JCPenney, with two vacant anchors last occupied by Macy’s and Sears.

History

Edward J. Debartolo Corporation developed Indian River Mall in 1996. Its original anchors were JCPenney, Sears, Dillard's, and Burdines.[3] [4] A food court and 24-screen movie theater were added in 1997.[5]

In 2005, Burdines was renamed by Macy's.

In 2007, a customer found $5,200 inside a pair of shoes he was purchasing.[6]

In 2008, Gap, Disney Store and RJ Gator's closed. The former RJ Gator's will most likely be converted into a new restaurant.

On December 1, 2014, Simon Malls entered into foreclosure on the property for $71 million. The property, including its adjacent plaza was sold at auction for $100 to the highest bidder on May 13, 2015.[7]

In August 2016, Indian River mall sold an adjacent plaza, called the Indian River Commons, which consists of Best Buy, Ross Dress for Less, Target, Office Depot (now Burlington Coat Factory), Bed Bath & Beyond, Lowe's Home Improvement and Michaels Arts & Crafts. . Both Office Depot and Bed Bath & Beyond have since closed their locations.

On August 6, 2019, it was announced that Sears will be closing this location as part of a plan to close 26 stores nationwide. The store closed in October 2019.[8]

On January 8, 2020, it was announced that Macy’s would be closing in April 2020 as part of a plan to close 125 stores nationwide.[9]

In 2020, Victoria's Secret closed at the mall as part of a plan to close 250 stores nationwide. TGI Friday’s closed later that year. The TGI Friday's later became Casa Amigos.[10]

On January 6, 2021, Hollister Co. closed.

External links

Notes and References

  1. Web site: Indian River Mall sold to New York firm for $12 million - TCPalm. TC Palm. Journal Media Group. 29 July 2017.
  2. Web site: Indian River Mall leasing information. Simon Property Group. 5 October 2013.
  3. News: DeBartolo realty to build Fla. mall. 27 April 1995. The Vindicator. 5 October 2013.
  4. News: INDIAN RIVER TO OPEN DOORS OF 'GRAND JEWEL' MALL. Lane. Teresa. 11 November 1996. The Palm Beach Post. 5 October 2013.
  5. Web site: Outlet Mall Developer Asks for Extension on Plans for Akron, Ohio, Mall.. https://web.archive.org/web/20131011163253/http://www.highbeam.com/doc/1G1-18876034.html. dead. 11 October 2013. McEaneney. Dennis. 22 November 1996. Akron Beacon Journal. 5 October 2013.
  6. Web site: Customer Finds $5,200 in Reebok Sneaker. https://web.archive.org/web/20131011163319/http://www.highbeam.com/doc/1A1-D8TLEOM81.html. dead. 11 October 2013. 20 December 2007. Associated Press. 5 October 2013.
  7. Web site: Nobody submits bid, Indian River Mall sold to bank for $100 - TC Palm. TC Palm. Journal Media Group. 14 May 2015.
  8. News: Tyko . Kelly . Sears and Kmart store closings: 26 stores to close in October . August 7, 2019 . USA Today . August 6, 2019.
  9. Web site: Macy's at Indian River Mall to close; clearance sale to begin this month.
  10. Web site: Local restaurants doing OK, and new ones coming.