The Mills at Jersey Gardens explained

The Mills at Jersey Gardens
Location:651 Kapkowski Road
Elizabeth, NJ 07201
United States
Developer:Glimcher Realty Trust
Owner:Simon Property Group
Number Of Stores:230
Floor Area:1292611square feet
Floors:2
Publictransit: NJ Transit bus: 24, 40, 111, 115
Website:http://www.jerseygardens.com

The Mills at Jersey Gardens, originally and also still colloquially called Jersey Gardens, is a two-level indoor outlet mall in Elizabeth, New Jersey. The mall opened on October 21, 1999, and is the largest outlet mall in New Jersey, and much closer to New York City than its largest outlet mall competitor, Woodbury Common.[1]

The mall was developed by Glimcher Realty Trust and owned and managed by Glimcher until January 2015, when it was sold to Simon Property Group as part of an acquisition of Glimcher by Simon's spinoff Washington Prime Group.[2] Simon owns and manages much of Jersey Gardens' outlet mall competition in the area, including Woodbury Common, and has integrated Jersey Gardens into its "Mills" outlet mall portfolio by renaming it "The Mills at Jersey Gardens".[3]

History

The mall was built on a former landfill, which required remediation prior to the mall development.[4] Plans for the 1300000square feet mall were announced in 1998 by Glimcher Realty Trust, emphasizing the sites proximity to the New Jersey Turnpike and its location in an Urban Enterprise Zone, making purchases eligible for a reduced 3½% (now 3.3125% as of January 1, 2018) sales tax rate, a potent lure for New York City residents paying a sales tax rate over 8%.[5] However, the sales tax on certain items, such as food and drink, have an additional 3% Elizabeth City Franchise Fee.

The mall is located near the Elizabeth Center in Elizabeth, New Jersey, off the New Jersey Turnpike at Interchange 13A near Newark Liberty International Airport and is 30 minutes from Midtown Manhattan. The outlet mall has a gross leasable area of,[6] placing it in the top ten among the largest shopping malls in New Jersey. The mall contains 230 stores and restaurants. Bus service is available on the NJ Transit 111 bus route that runs between Jersey Gardens and the Port Authority Bus Terminal in New York City.

A direct exit to the facility was constructed, allowing drivers direct access to the mall from the New Jersey Turnpike without driving through local Elizabeth streets. The developer covered the $130 million cost of bonds for the overpass and ramps through property tax payments.[1]

Century 21's Mills at Jersey Gardens location closed by October 5, 2020,[7] after the department store had filed for bankruptcy.[8]

External links

40.6595°N -74.1717°W

Notes and References

  1. News: Commercial Property/Jersey Gardens; Outlet Mall Near Newark Airport Prepares to Open. Holusha. John. 1999-08-29. The New York Times. 2020-02-04. RE9. en-US. 0362-4331.
  2. "Web site: Washington Prime Group, Inc. - Washington Prime Group Inc. To Acquire Glimcher Realty Trust for $4.3 Billion in Stock and Cash Including the Assumption of Debt . 2014-10-17 . dead . https://web.archive.org/web/20141028125648/http://investors.washingtonprime.com/press-releases/press-release-details/2014/Washington-Prime-Group-Inc-to-Acquire-Glimcher-Realty-Trust-for-43-Billion-in-Stock-and-Cash-Including-the-Assumption-of-Debt/default.aspx . 2014-10-28 . ." September 18, 2014. Retrieved September 19, 2014.
  3. Web site: Do Business at The Mills at Jersey Gardens, a Simon Property.. Simon Property Group, L.P. and/or Its Affiliates (NYSE: SPG), © Copyright 1999-2016. All Rights. Reserved.. 28 December 2016.
  4. News: Why Dumps Are Gaining in Allure. March 30, 2008. May 12, 2012. Antionette Martin. The New York Times.
  5. "Mall Planned for New Jersey, With a Lure for New Yorkers", The New York Times, June 16, 1998, pg. B12
  6. http://www.icsc.org/apps/dmmdisp.php?dispid=NJ0014 International Council of Shopping Centers: Jersey Gardens
  7. Web site: NJ.com. Accardi, Nicolette. December 21, 2020. Retail store closings 2020: The list of chains that closed stores in N.J. and nationwide this year. January 5, 2021. en. December 21, 2020. https://web.archive.org/web/20201221124411/https://www.nj.com/business/2020/12/retail-store-closings-2020-the-list-of-chains-that-closed-stores-in-nj-and-nationwide-this-year.html.
  8. Web site: Discount retailer Century 21 files for Chapter 11 bankruptcy and is closing all of its 13 stores. CNBC. Thomas, Lauren. September 10, 2020. October 6, 2020. September 10, 2020. https://web.archive.org/web/20200910143254/https://www.cnbc.com/2020/09/10/discount-retailer-century-21-files-for-bankruptcy-to-close-all-stores.html.