Uptown Christiansburg Explained

Uptown Christiansburg
Location:Christiansburg, Virginia, United States
Address:782 New River Road
Opening Date:1988
Developer:Crown American
Owner:RockStep Capital
Number Of Stores:50+[1]
Number Of Anchors:4
Floor Area:464000square feet[2]
Floors:1

Uptown Christiansburg (formerly New River Valley Mall) is an enclosed shopping mall in Christiansburg, Virginia, United States. Opened in 1988, it features Kohl's, Belk, Homegoods, and Dick's Sporting Goods as its major anchor stores.

History

The mall opened in 1988.[3] Built by Crown American, it originally featured Hess's, J. C. Penney, Sears, and Leggett (now Belk).[4] The mall struggled with vacancy for several years, and was only at 75 percent occupancy for most of the 1990s. In response to this, PREIT, which bought most of the Crown American portfolio, renovated the center throughout the 21st century. Renovations included expansion of the Belk space and a new Dick's Sporting Goods store, replacing Peebles which was operating out of the former Hess's space. A vacated movie theater was also turned into a food court and a satellite campus of New River Community College.[5]

Sears closed in 2014, and was replaced by Kohl's a year later.[6] In 2016, Farallon Capital Management acquired the mall from PREIT, and hired CBL & Associates Properties to manage it.[7] After J.C.Penney closed its store at the mall in 2017, the space was renovated to accommodate a new Ulta, Homegoods, and Kirklands.[8] Planet Fitness announced in 2018 that it would open in the Kohl's wing.[9] Farallon Capital Management sold the mall to RockStep Capital for $21.6 million in Fall 2019. New River Valley Mall was renamed to Uptown Christiansburg in July 2020.[10]

External links

Notes and References

  1. Web site: Mall info. CBL Properties. 18 January 2018.
  2. Web site: Leasing information. CBL Properties. 18 January 2018.
  3. Web site: New era for New River Valley Mall? The mall has changed hands at an apparent sale price well below its assessed tax value.. The Roanoke Times. 18 January 2018.
  4. No title. Stores: The Bulletin of the N.R.D.G.A.. 1988. 70. 1–6. 74.
  5. Web site: An update on Christiansburg's commercial center. The Roanoke Times. 18 January 2018.
  6. Web site: Kohl's is headed to New River Valley Mall. The Roanoke Times. 18 January 2018.
  7. Web site: New owners, management team have big plans for New River Valley Mall. WDBJ7. 18 January 2018.
  8. Web site: Business Intel: New River Valley Mall welcomes 3 national retailers. The Roanoke Times. 8 February 2021.
  9. Web site: Planet Fitness headed to Christiansburg's NRV Mall. The Roanoke Times. 18 January 2018.
  10. News: Ranaivo . Yann Ranaivo . New River Valley Mall getting new name: Uptown Christiansburg . 26 September 2020 . Roanoke Times . July 20, 2020 . en.