Merritt Square Mall Explained

Merritt Square Mall
Location:Merritt Island, Florida, U.S.
Opening Date:July 9, 1970
Developer:Alpert Investment[1]
Owner:Namdar Realty Group
Number Of Stores:125
Number Of Anchors:5 (4 open, 1 vacant)
Floor Area:810814square feet[2]
Floors:1 (2 in Macy's)
Publictransit: SCAT bus: 3, 4

Merritt Square Mall is a shopping mall in Merritt Island, Florida. Opened in 1970, the mall features four anchor stores: J. C. Penney, Dillard's, Macy's, and Ollie's Bargain Outlet with one vacant anchor last occupied by Sears.

History

The mall opened in 1970 and is the oldest mall in Brevard County, Florida.[3] Its original anchor stores were Jordan Marsh (later Burdines, now Macy's), Ivey's (now Dillard's), and J. C. Penney.[4] It remained unchanged until 1985, when a renovation plan was announced which would add 60000square feet of retail space.[5] Also part of this expansion was a fourth department store, Sears, which opened in 1989 and replaced an existing store in Rockledge.[6]

The mall was sold to Bayview Malls LLC for $32.7 million in 2002 by previous owner John Hancock Life Insurance Co, before being sold again in 2005 to Thor Merritt Square LLC for $64.4 million. Glimcher Realty Trust took control of the mall in 2007, ownership later shifting to WP Glimcher with its formation by merger in 2015. In 2016, the mall was foreclosed on and auctioned on while under the ownership of WP Glimcher. The mall had no bidders.[7] The mall is currently owned by Namdar Realty Group.[8]

Sports Authority joined the mall in 2013, but closed in 2016 when the chain filed for bankruptcy.[9] An Ollie's Bargain Outlet opened in the space in 2018.[10]

On February 15, 2021, it was announced that Sears would be closing as part of a plan to close 34 stores nationwide. The store closed on May 2, 2021.[11]

Mall Directory

The mall consists of 125 stores and restaurants[12] including a Cobb's Theatre 16 & IMAX.

External links

Notes and References

  1. News: Brevard's new Merritt Square to be Central Florida's largest. July 9, 1970. Florida Today. 11E. 4 May 2017.
  2. Web site: Merritt Square Mall. woodmont.com. May 4, 2017.
  3. Web site: Merritt Square Mall in foreclosure, to be auctioned. Price. Wayne T.. May 17, 2016. Florida Today. May 4, 2017.
  4. Web site: Changes In Store For 1st Mall Merritt Square Renovations Include New Pavilion, Offices, Shops. Hinman. Catherine. August 3, 1986. Orlando Sentinel. May 4, 2017.
  5. Web site: Merritt Square Mall Will Get $3.2 Million Facelift. Adams. Peter. October 11, 1985. Orlando Sentinel. May 4, 2017.
  6. Web site: Merritt Island Mall Will Get New Sears. Hinman. Catherine. April 29, 1987. Orlando Sentinel. May 4, 2017.
  7. Web site: Merritt Square gets new owner - for now. Price. Wayne T.. May 25, 2016. Florida Today. May 4, 2017.
  8. Web site: Namdar Realty Group. namdarrealtygroup.com. 2020-02-05.
  9. Web site: Sports Authority Will Close All Stores, Including In Melbourne, Viera and Merritt Island. May 1, 2016. Space Coast Daily. May 4, 2017.
  10. News: FLORIDA TODAY Business Briefs. Price. Wayne. 19 August 2018. Florida Today. 4 February 2020.
  11. Web site: Sears Continues on a Path of Closing More of Its Stores; Only 29 Currently Remain. Forbes.
  12. Web site: Merritt Square Mall. VisitSpaceCoast.com. en. 2019-08-26.