Merritt Square Mall

Merritt Square Mall
Entrance to Merritt Square Mall, 2016
Map
LocationMerritt Island, Florida, U.S.
Coordinates28°21′16″N 80°41′14″W / 28.35451°N 80.68709°W / 28.35451; -80.68709
Opening dateJuly 9, 1970
DeveloperAlpert Investment[1]
OwnerNamdar Realty Group
No. of stores and services125
No. of anchor tenants5 (4 open, 1 vacant)
Total retail floor area810,814 square feet (75,327.1 m2)[2]
No. of floors1 (2 in Macy's)
Public transit accessBus transport 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 60,000 square feet (5,600 m2) 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.[3] 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.

References

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