La Gran Plaza de Fort Worth explained

La Gran Plaza de Fort Worth
Location:Fort Worth, Texas
Coordinates:32.686°N -97.326°W
Address:4200 South Freeway
Opening Date:1962
Developer:Homart Development Company
Owner:Boxer Retail
Number Of Stores:200+
Floor Area:1077782square feet[1]
Floors:2

La Gran Plaza de Fort Worth is a Hispanic-themed shopping mall in Fort Worth, Texas. Opened in 1962 as Seminary South and later known as Fort Worth Town Center, it was reinvented as a center catering to largely Hispanic clientele after losing most of its major stores. Major tenants include Burlington, Ross Dress for Less, Bealls Clearance Center, and El Mercado.

History

The center opened for business on March 14, 1962 as Seminary South Shopping Center. It was the first shopping mall built by Homart Development Company, a former division of Sears department stores through which they built shopping malls.[2]

Its original tenants included Sears, G. C. Murphy, and Stripling's department store. Other major tenants included Buddies supermarket (later Winn Dixie), Finger Furniture, and a seven-story office tower. JCPenney was added in 1964, and Dillard's joined in 1977. On 23 December 1974, the car of the three girls that became known as the Fort Worth Missing Trio was found in the Sears upper-level parking lot.

Texas Centers bought the building from Homart in 1985 and announced renovation plans, including enclosure of the formerly open-air concourses.[3] [4]

The Stripling's store was later renamed Stripling & Cox before closing in 1989. Around this point, the mall began losing traffic and tenants to other centers in the area, such as Ridgmar Mall and Hulen Mall. Despite the loss of stores, a movie theater and food court were added, the latter replacing G. C. Murphy. As a result of declining traffic, JCPenney closed in 1997, followed by Sears and Dillard's, leaving the mall without an anchor store.[5]

In 2004, Legaspi bought the property, which at the time had only a 10 percent occupancy rate.[6] [7] The new owners reinvented the property to cater to a largely Hispanic clientele, including the addition of El Mercado, a market for local vendors, in the former Dillard's space. Burlington and Ross Dress for Less replaced the Sears space.[5]

Notes and References

  1. Web site: Leasing plan. Boxer Properties. 3 September 2017.
  2. News: Sears sells Texas mall . Chicago Tribune . December 27, 1985 . February 19, 2022.
  3. News: Seminary South Redo Planned . Donna Steph Hansard . . April 5, 1986.
  4. News: FW Mall's Renovation Completed . . August 28, 1987 . March 7, 2010.
  5. Web site: La Gran Plaza de Fort Worth. Fort Worth Architecture. 3 September 2017.
  6. Web site: Doubling down on the rebirth of the American shopping mall. Gustafson. Kristina. CNBC. 3 September 2017.
  7. Web site: Partnership buys Fort Worth's Town Center mall. June 17, 2004. Bizjournals.com. 3 September 2017.