University Mall (Vermont) Explained

University Mall
Location:South Burlington, Vermont, United States
Manager:KeyPoint Partners, LLC[1]
Opening Date:1979
Number Of Stores:77
Number Of Anchors:3 (1 vacant)
Floor Area:610693ft2
Floors:1 (4 in Parking Garage, staff mezzanine in JCPenney)
Parking:Parking Garage outside former Sears, rest is uncovered
Website:https://www.umallvt.com/

The University Mall, often referred to as the U-Mall, is an enclosed shopping mall in South Burlington, Vermont. The name refers to its proximity to the University of Vermont. At 610693ft2,[2] it is the largest shopping mall in Vermont[3] [4] and is the only enclosed mall in the entire state in general and the Burlington metropolitan area in particular following the closure of CityPlace Burlington in 2022. JCPenney, Kohl's, and Target are the anchor stores. It also features an H&M. The mall encompasses 77 shops, including two sit-down restaurants, and a food court. KeyPoint Partners, LLC of Burlington, Massachusetts is the mall's management company.

History

Construction of the University Mall was completed in 1979. Original anchors were Almy's and Zayre. Zayre relocated to a freestanding store in the mall in 1987 and an expansion took over the old Zayre in 1989 connecting the new Zayre. Zayre was rebranded as Ames the same year. Almy's closed in 1987 and became Steinbach in 1992. The mall got a second expansion in 1992 with JCPenney becoming the third anchor. The mall got a third expansion in 1998 with a 2-story Sears becoming the fourth anchor, plus a 4-story parking garage. Steinbach closed in 1999 and became The Bon-Ton the same year. Ames closed in 2002 following their Chapter 7 bankruptcy and became Kohl's in April 2004. The mall was renovated in 2005.[5]

On October 18, 2017, it was announced that regional division The Bon-Ton would be closing in January 2018.[6]

On October 19, 2017, Target announced that they will be opening a small-format store and their first store in Vermont in the former Bon-Ton on October 19, 2018.[7]

On November 7, 2019, it was announced Sears would be closing.[8]

Operations

The rental per square foot is proprietary information. Average pro-rata tax payment for a non-anchor store is about $2 per .[2]

As of January 2015, mall management reported that the mall was fully tenanted with the exception of two food court spaces.[9]

Tenants

The University Mall has an array of stores and areas to eat.[10] Various national retailers have their only Burlington, Vermont area store within the mall, including the four current anchor stores. In 2009, Vermont's first International House of Pancakes opened here,[11] becoming the mall's second sit-down restaurant. There is also a food court in the center of the mall.

External links

Notes and References

  1. Web site: VTBurlington_UMall.indd.
  2. News: Tim . Johnson . Store Stats . Burlington Free Press . Burlington, Vermont . 1B . 6 September 2010 .
  3. Web site: University Mall (VT). University Mall (VT).
  4. http://www.vtliving.com/shopping/universitymall.shtml The University Mall South Burlington Vermont - Vermont Shopping Malls University Mall VT Living VT Shopping Guide
  5. Web site: Mall Hall of Fame: University Mall.
  6. Web site: Bon-Ton at University Mall closing its doors. Bernie. Lange. 19 October 2017. mychamplainvalley.com.
  7. Web site: Vermont's first Target store planned for S. Burlington, replacing Bon-Ton. burlingtonfreepress.com.
  8. Web site: Ciment. Shoshy. Sears is closing 96 more stores, leaving only 182 stores left in the US. Here's the full list of the ones closing.. Business Insider.
  9. Web site: Some Malls Thrive While Others Struggle. Barre Montpelier Times Argus. January 19, 2015. April 12, 2016.
  10. Web site: University Mall Directory. April 12, 2016. Placewise Media Network.
  11. Web site: Sign Says IHOP, but Syrup Says Vermont. New York Times. Katie. Zezima. April 20, 2009. April 12, 2016.