regional malls reached a record 11.4% in the first quarter of 2021, up from 10.5% in the fourth quarter of 2020. Moody's Analytics reported in April that the vacancy rate for U.S. It's a burden on the community to have this vacant space sitting there." "I think the state should have some rules about how long you can hold substantially vacant space without occurring additional taxes," Clapp said. He referred to the Regency Mall in Augusta, Georgia, which has sat empty for two decades, as an extreme example of an issue that hampers a surrounding community. Clapp said that high-density housing "makes a whole lot of sense" as an alternate use depending on the town and its surrounding amenities, such as transportation hubs.Ĭlapp said his main concern regarding malls is their lack of haste to fill vacancies. John Clapp is a retired University of Connecticut business professor with a particular interest in the economic viability of shopping malls. And the Westfield Trumbull Mall will soon get 260 luxury apartments on its property, according to the Hartford Business Journal. The Hawley Lane Mall in Trumbull recently converted about 7,000 square-feet of retail space into co-working space. Other Connecticut malls are also turning vacant retail space to other uses. Another empty store next to Macy's will soon be occupied with a massage and spa parlor called Relax Zone. In October Spinoso opened Studio Buckland, or Studio B., a collaborative space for a variety of initiatives. The company appears to be finding creative ways to fill vacancies at its Manchester property. The mall can either choose to bring in another department store tenant or find an alternate use. While Macy's has closed stores in several other Connecticut malls, it has maintained its two in Buckland. Macy's occupies two of the five anchor stores and JCPenney is in another. Syracuse, New York-based Spinoso Real Estate Group, which manages the Shoppes at Buckland Hills, did not respond to requests for comment. He pointed to Colliers' recent sale of a 6,000-square-foot building formerly occupied by Sam's Club as an example of retail space being repurposed for industrial use. This was the last Sears in Connecticut.Empty stores actually offer malls a unique opportunity to repurpose because of their spacious interiors and accessible parking, Morizio said. Sears announced that it would be closing as part of a plan to close 7 stores nationwide. The Shoppes at Buckland Hills is located off I-84, near the intersection of I-291. In 2006, Newbury Comics opened its first Connecticut store inside the mall. There are approximately 145 shops and eateries in the mall, as well as six anchor stores, including Macy's Women's and Home, Macy's Men's, Children's, Juniors, and Furniture, JCPenney, Dick's Sporting Goods, Sears, and Barnes & Noble.
Buckland hills mall plus#
However, the name "Buckland Hills Mall"' can informally refer to the mall plus the cluster of surrounding retail stores, hotels, and restaurants on the hill, totaling nearly 6,000,000 square feet (560,000 m 2) or 1/4 square mile. The main building has an area of 1,180,000 square feet (110,000 m 2) on two floors. The mall was successful, and new businesses in the surrounding area developed.Ī multimillion-dollar renovation and expansion of the mall was completed in October 2003, and the name was changed first to " Buckland Hills Mall", and then to "The Shoppes at Buckland Hills". The mall opened in 1990, and was called the " Pavilions at Buckland". The location selected for the mall was elevated and overlooked a valley, and was close to an interstate highway, which would enable traffic flow to the mall, and future developments in the corridor.
John Finguerra, with his business partner, Richard Ripps, planned the mall in 1972. Finguerra worked for JCPenney, which at the time had a 2,000,000-square-foot (190,000 m 2) warehouse nearby, once used for their now-defunct catalog business.įinguerra's familiarity with local economic factors led him to believe that a regional mall would be successful. The Shoppes at Buckland Hills, formerly and commonly known as Buckland Hills Mall is a shopping mall located in Manchester, Connecticut and is currently owned by Brookfield Properties Retail Group.
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