The Grove at Shrewsbury explained

The Grove at Shrewsbury
Opening Date:1988
Developer:Metrovation
Manager:Metrovation
Owner:Metrovation
Number Of Stores:40
Floor Area:150000square feet
Floors:1
Website:www.thegroveatshrewsbury.com
Publictransit: NJ Transit bus: 831, 832

The Grove at Shrewsbury is an upscale lifestyle center located on Route 35 in Shrewsbury, New Jersey, United States, 1miles south of downtown Red Bank. The center opened in 1988 and has a gross leasable area of 150000square feet.[1] [2] [3] [4] [5] A lifestyle center is a shopping center or mixed-use commercial development that combines the traditional retail functions of a shopping mall but with leisure amenities oriented towards upscale consumers. The Grove at Shrewsbury was developed and is managed by Metrovation.

The center contains 40 stores and is anchored by Brooks Brothers, Anthropologie, Williams Sonoma, J. Crew and Banana Republic.[6]

History

The Grove at Shrewsbury, New Jersey's first lifestyle center, opened in March 1989. The first major store was Epstein's. By August, 37 of the 40 units were occupied.[7] Epstein's would later close; Sealfon's, another upscale, regional New Jersey department store, opened in its place in 1994.[8] That store also went out of business. The space was eventually subdivided and in its place opened a flagship Brooks Brothers and Anthropologie, Monmouth County's first.

Peloton opened a store in 2021.[9]

Victoria's Secret and Pink closed in 2020.[10] Eddie Bauer closed in January 2019.[11]

External links

Notes and References

  1. Web site: Properties East . 2008-06-15 . dead . https://web.archive.org/web/20080526034954/http://metrovation.com/east.html . Metrovation . 2008-05-26. .
  2. Web site: Columbus. Gina. Outdoor shopping malls sparkle with style at the Shore. 2022-02-08. Asbury Park Press. en-US.
  3. Web site: Works. Amy. 2017-09-26. HFF Secures $43.6M Refinancing for The Grove at Shrewsbury in Northern New Jersey. 2022-02-08. REBusinessOnline. en-US.
  4. Book: White. John R.. Shopping Centers and Other Retail Properties: Investment, Development, Financing, and Management. Gray. Kevin D.. 1996-03-15. John Wiley & Sons. 978-0-471-04002-6. en.
  5. Book: Goodspeed, Diane. Happy Tails Across New Jersey: Things to See and Do with Your Dog. 2006. Rutgers University Press. 978-0-8135-3848-8. en.
  6. https://www.sec.gov/Archives/edgar/data/1258361/000153949717001486/n1025_x2-tsr.htm Loan 7: The Grove at Shrewsbury
  7. News: 1989-08-26. Mall exceeding its expectations. 5. Asbury Park Press. 2022-02-20.
  8. News: 1994-04-12. Epstein's Grove store changing owners. 10. Asbury Park Press. 2022-02-20.
  9. Web site: Willis. David P.. Peloton coming to the Grove at Shrewsbury, and that's not all. 2022-02-08. Asbury Park Press. en-US.
  10. Web site: NJ.com. Nicolette Accardi NJ Advance Media for. 2020-08-12. Victoria's Secret, PINK stores in Shrewsbury have permanently closed. 2022-02-08. nj. en.
  11. News: Willis. David P.. Eddie Bauer pulling out of The Grove in Shrewsbury. 2019-01-05. 2022-02-08. Asbury Park Press. en-US.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "The Grove at Shrewsbury".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.