Uptown Christiansburg

Uptown Christiansburg
New River Valley Mall
Map
LocationChristiansburg, Virginia, United States
Coordinates37°09′56″N 80°25′39″W / 37.1656°N 80.4275°W / 37.1656; -80.4275
Address782 New River Road
Opening date1988
DeveloperCrown American
OwnerRockStep Capital[1]
No. of stores and services50+[2]
No. of anchor tenants4
Total retail floor area464,000 square feet (43,100 m2)[3]
No. of floors1
Websiteuptownchristiansburg.com

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

History

The mall opened in 1988.[4] Built by Crown American, it originally featured Hess's, J. C. Penney, Sears, and Leggett (now Belk).[5] 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.[6]

Sears closed in 2014, and was replaced by Kohl's a year later.[7] In 2016, Farallon Capital Management acquired the mall from PREIT, and hired CBL & Associates Properties to manage it.[8] After J.C.Penney closed its store at the mall in 2017, the space was renovated to accommodate a new Ulta, Homegoods, and Kirklands.[9] Planet Fitness announced in 2018 that it would open in the Kohl's wing.[10] 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.[1]

References

  1. ^ a b Ranaivo, Yann Ranaivo (July 20, 2020). "New River Valley Mall getting new name: Uptown Christiansburg". Roanoke Times. Retrieved 26 September 2020.
  2. ^ "Mall info" (PDF). CBL Properties. Retrieved 18 January 2018.
  3. ^ "Leasing information". CBL Properties. Retrieved 18 January 2018.
  4. ^ "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. Retrieved 18 January 2018.
  5. ^ "No title". Stores: The Bulletin of the N.R.D.G.A. 70 (1–6): 74. 1988.
  6. ^ "An update on Christiansburg's commercial center". The Roanoke Times. Retrieved 18 January 2018.
  7. ^ "Kohl's is headed to New River Valley Mall". The Roanoke Times. Retrieved 18 January 2018.
  8. ^ "New owners, management team have big plans for New River Valley Mall". WDBJ7. Retrieved 18 January 2018.
  9. ^ "Business Intel: New River Valley Mall welcomes 3 national retailers". The Roanoke Times. Retrieved 8 February 2021.
  10. ^ "Planet Fitness headed to Christiansburg's NRV Mall". The Roanoke Times. Retrieved 18 January 2018.