Rolling Acres Mall

Rolling Acres Mall

Boarded front entrance to Rolling Acres Mall in March 2014.
Location Akron, Ohio, USA
Coordinates 41°02′56″N 81°35′02″W / 41.0488°N 81.5839°W / 41.0488; -81.5839Coordinates: 41°02′56″N 81°35′02″W / 41.0488°N 81.5839°W / 41.0488; -81.5839
Opening date August 6, 1975
Closing date October 31, 2008 (Last retail store closed December 31, 2013.)
Developer Forest City Enterprises and R.B. Buchholzer
Management N/A (Closed, anchor buildings individually managed)
Owner City of Akron, Ohio (Main building and J. C. Penney building)
No. of stores and services 140 +/- (at maximum capacity)
No. of anchor tenants 5 (at maximum capacity)
Total retail floor area 1,300,000 ft² (approx.)
No. of floors 2
Parking 7,500[1]

Rolling Acres Mall was a retail mall located in the Rolling Acres area of Akron, Ohio, United States. Built in 1975 and expanded several times in its history, it once comprised more than 140 stores, including five anchor stores, a movie theater and a food court. The mall closed on October 31, 2008, leaving only two of its anchor stores in operation, Sears and JCPenney. In January 2011, Sears announced their outlets would close: the Sears store closed in April 2011, while JCPenney converted remaining outlets to "JC's 5 Star Outlet" stores. In 2013, JCPenney announced that it would close all remaining "JC's Five Star Outlet" stores, including the store at Rolling Acres. The store shut its doors on December 31, 2013, leaving the mall vacant of retail stores. The mall currently houses Storage of America and Pinnacle Recycling. One of the mall's dilapidated entrances appears as the cover art to The Black Keys' single "Gold on the Ceiling".

History

Rolling Acres Mall was developed by Forest City Enterprises. It opened in Akron, Ohio with Sears and 21 stores on August 6, 1975, and had more than 50 stores by year's end. JCPenney opened a year later as a second anchor. A new wing, called the Court of Aquarius, was added in 1977, including a large aquarium (which was later removed) and a third anchor store, Montgomery Ward. Further expansion in 1978 comprised a new, two-story wing called the Promenade, comprising a food court called "Prom-N-Eat" and local chain O'Neil's as a fourth anchor.

A mall-wide renovation was begun, replacing its original earth tones with pastel colors. Two of the anchors would change in the 1980s as well: Montgomery Ward closed in 1986 and was replaced with Higbee's (another local chain), and O'Neil's was merged to May Company Ohio in 1989.

Early 1990s

In a cost-cutting measure, Rolling Acres stopped using off-duty police officers and instead relied on cheaper security guards, starting in 1991.[2] During a showing of "New Jack City", two movie patrons got into a fight outside of the cinema. People in the area believed they heard a gunshot, and a panicked crowd ran through the mall.[3][4][5]

Two more anchors changed in the 1990s, both affecting the same two buildings (Higbee's and May Company Ohio) that had previously been converted in the 1980s. Higbee's was acquired and renamed by Dillard's in 1992, and May Company Ohio became Kaufmann's a year later. Also in 1993, the General Cinema was closed.

In 1994, Forest City Enterprises refinanced the mall, putting the money towards the development of several new restaurants inside the mall's food court.[6]

Anchors change and new owners 1995–2006

Rolling Acres Cinema building as it appeared in January 2014

A fifth anchor, Target, was the final addition to the mall, opening in 1995. Shortly afterward, however, the mall began losing stores. Dillard's was downgraded to a clearance center in 1997. The JCPenney was shrunk down to a catalog outlet in 1999.

The mall was sold to Banker Trust of New York in 2000 for $33.5 million, who gave the mall a new logo as well as a website.[7][8] Also, the cinema reopened under an independent group calling itself "Blind Squirrel Cinema".[5]

By November 2001 a buyer was sought by Bankers Trust. In September 2002, the Whichard family of North Carolina purchased Rolling Acres for $2.75 million. The Whichard family are known for buying malls and then flipping them for a profit. However, the family had problems attracting major players. In the same year "Blind Squirrel Cinema" closed.[5]

In 2003, the cinema reopened again, this time as a discount theatre.[5]

Decline 2006–2016

The first anchor to leave the mall was Target, which relocated to nearby Wadsworth in February 2006. Dillard's closed in August 2006, one month before Kaufmann's was re-branded as Macy's as the parent company of Kaufmann's was acquired. This Macy's, however, closed in February 2008.[6][9]

Michael Mirharooni's Invest Commercial LLC, a real estate developer from California, bought the facility in July 2006 for $1.6 million.[6][10][11] Invest Commercial bought the mall using a loan from Ezri Namvar's fraudulent Namco Capital Group.[6][12] Although Invest Commercial now owns the enclosed mall, concourses, and the Dillards facility, they do not own the other four anchors' buildings.

In April 2008, mall fixtures were auctioned off, and in August of the same year, the theatres closed for the third and final time. The eight remaining tenants at the mall were notified in October 2008 that the mall would be closing as soon as possible, due to FirstEnergy disconnecting the mall's electricity for nonpayment.[13] On October 31, 2008,[6] the mall's power was finally disconnected, not affecting Sears or the JCPenney outlet.

On April 23, 2009, it was announced that the mall had been placed on the internet auction block and that several people showed interest in buying it for various purposes. The mall was set to be auctioned off on May 1, 2009.[10] No bids were placed for the mall.[14]

The building was sold to Premier Ventures LLC of California in November 2010. The company announced plans to use the existing structure.[15] The company did not pay taxes on the property, including the back taxes owed to 2006, and as a result the city of Akron began foreclosure proceedings in September 2013.[16]

Shortly after the 2010 sale, Sears announced it would be closing its location at the mall. It would close on or around April 3, 2011, but must cleared out by April 20.[17] Pinnacle Recycling purchased the Sears building in June 2012.

On January 25, 2011, the JCPenney 'Outlet' store announced it would be closing due to the chain's nationwide pullout of the outlet store concept. The store announced it would close in 2011 or early 2012.[18] On October 19, 2011 SB Capital Group purchased all JCPenney Outlet Stores with plans to rename them and continue to operate them, including the Rolling Acres store, which was renamed JC's 5 Star Outlet.[19]

Former JCPenney Outlet building, January 2014

In October 2013, JCPenney announced that it would be closing all 'Outlet' stores, including the Rolling Acres Mall location.[19][20]

On December 31, 2013, it closed, leaving the entire mall vacant.[21]

A sheriff's sale was set to be held in October 2014, but was called off because of a filed bankruptcy on the part of Premier. The city attempted another sheriff's sale in March 2015 but it was again delayed to June 16, 2015 by an incorrect dismissal of the previous bankruptcy case.[22] On June 16 the mall was once again pulled from sheriff's sale at the last second by a second bankruptcy filing by the owner.[23] Subsequent sheriff's sales on August 6 and October 6 also failed at the last minute by bankruptcy filings.[24] An agreement was reached in November 2015 to force the sale of the mall while legally barring Premier from filing for bankruptcy until two months after sales proceedings ended.

After subsequent sheriff's sales failed in summer of 2016, the mall was foreclosed by Summit County Ohio on June 26, 2016. This transferred ownership to City of Akron who, the council said they would seek to work with a developer and that the buildings would be demolished.[25][26] The five former department store buildings are still owned by other companies. In September 2016, JCPenney gave its building to the city of Akron.[21]

As of October 28, 2016, demolition of the mall has begun. It is expected to take three months to complete the process.[27]

Non-retail use of properties

In 2011, the former Target was still in use as a Storage of America facility.[28] The former Sears hosts the Pinnacle Paper Recycling Company, and the Dillard's hosts Old Main Storage, a private storage company.[29]

Storage of America (former Target) at Rolling Acres Mall in March 2014

Former anchors

Sears: 1975–2011

JCPenney: 1976–1999, JCPenney Outlet: 1999–2011, JC's 5 Star Outlet: 2011–2013

Montgomery Ward: 1977–1986, Higbee's: 1986–1992, Dillard's: 1992–1997, Dillard's Clearance Center: 1997–2006

O'Neil's: 1978–1989, May Company Ohio: 1989–1993, Kaufmann's: 1993–2006, Macy's: 2006–2008

Target: 1995–2006

References

  1. ↑ Byard, Katie. "Enjoy your mall while you shop 'til you drop." Akron Beacon Journal. 27 August 1987: E7.
  2. ↑ Hoiles, Robert. "Mall Balks at Pay Hike." Akron Beacon Journal. 1 February 1991: B1.
  3. ↑ McMahan, Kim; Katherine Spitz (1991-03-10). "' GUNSHOT' SOUND PANICS SCORES AT MALL". Akron Beacon Journal. p. E16.
  4. ↑ Ethridge, Mary (1996-03-31). "ROLLING ACRES PUTS SECURITY ON DISPLAY \ MALL PROMOTES SAFETY AS IT WORKS TO CHANGE ITS IMAGE". Akron Beacon Journal. p. E1.
  5. 1 2 3 4 "Rolling Acres Cinema in Akron, OH". Cinema Treasures. Retrieved 2013-07-02.
  6. 1 2 3 4 5 Harper, John (May 18, 2015). "How Akron's Rolling Acres Mall rotted away (timeline)". Cleveland.com. Retrieved September 4, 2016.
  7. ↑ Alacrastone.com
  8. ↑ http://www.ohio.com/news/top-stories/rolling-acres-august-1975-sears-and-20-other-busi-1.172467
  9. ↑ Randy Roguski (2007-12-28). "Macy's to close three stores in Northeast Ohio". Blog.cleveland.com. Retrieved 2013-07-02.
  10. 1 2 Lin-Fisher, Betty (April 23, 2009). "Akron mall for sale in Internet auction". Akron Beacon Journal. Archived from the original on April 26, 2009. Retrieved September 4, 2016.
  11. ↑ "Rolling Acres Mall sold for $1.7 million". Akron Beacon Journal.
  12. ↑ Harper, John (May 18, 2015). "Akron's Rolling Acres Mall, from destination to dead mall (vintage photos)". Cleveland.com. Retrieved September 4, 2016.
  13. ↑ Lin-Fisher, Betty; MacKinnon, Jim (October 27, 2008). "Lights to go out at Akron mall". Akron Beacon Journal. Archived from the original on June 15, 2011. Retrieved February 18, 2016.
  14. ↑ Lin-Fisher, Betty (May 2, 2009). "No buyers bid for Akron mall". Akron Beacon Journal. Archived from the original on June 15, 2011. Retrieved February 18, 2016.
  15. ↑ Bullard, Stan (December 7, 2012). "Mostly vacant Rolling Acres Mall in Akron changes hands". Crain's Cleveland Business. Retrieved October 4, 2013.
  16. ↑ Lin-Fisher, Betty (September 26, 2013). "County forecloses against owner of former Rolling Acres Mall". Akron Beacon Journal. Archived from the original on January 16, 2016. Retrieved January 19, 2014.
  17. ↑ Lin-Fisher, Betty (January 5, 2011). "Rolling Acres' Sears closing". Akron Beacon Journal. Archived from the original on January 10, 2011. Retrieved September 4, 2016.
  18. ↑ "J.C. Penney Outlet at former Rolling Acres Mall to close". January 24, 2011. Archived from the original on January 26, 2011.
  19. 1 2 Turner, Tracy (2011-10-18). "Akron's Penney outlet is part of sale". The Columbus Dispatch. Archived from the original on August 22, 2016. Retrieved 2013-07-02.}
  20. ↑ Miller, Linda (October 2, 2013). "JC Penney announces closing of outlet stores". NewsOK.com. Retrieved November 1, 2013.
  21. 1 2 Lin-Fisher, Betty (September 3, 2016). "JCPenney donates Rolling Acres building to Akron; city officials still plan to demolish former mall". Retrieved September 4, 2016.
  22. ↑ Lin-Fisher, Betty (March 11, 2015). "Sheriff's sale of vacant Rolling Acres Mall postponed again". Akron Beacon Journal. Archived from the original on December 29, 2015. Retrieved March 11, 2015.
  23. ↑ Armon, Rick (June 16, 2015). "Rolling Acres Mall avoids Summit County sheriff's sale again". Akron Beacon Journal. Archived from the original on January 16, 2016. Retrieved June 16, 2015.
  24. ↑ Lin-Fisher, Betty (October 6, 2015). "Former Rolling Acres Mall pulled from sheriff's sale for fourth time". Akron Beacon Journal. Archived from the original on January 16, 2016. Retrieved October 7, 2015.
  25. ↑ Lin-Fisher, Betty (June 27, 2016). "Long-Vacant Rolling Acres Mall Now Owned by the City of Akron". Akron Beacon Journal. Archived from the original on August 21, 2016. Retrieved September 4, 2016.
  26. ↑ Conn, Jennifer (July 27, 2016). "Akron's Rolling Acres Mall to be demolished". cleveland.com. Retrieved September 29, 2016.
  27. ↑ Lin-Fisher, Betty (October 28, 2016). "Demolition of former Rolling Acres begins". Akron Beacon Journal. Retrieved October 28, 2016.
  28. ↑ Lin-Fisher, Betty (February 4, 2011). "Plans rolling along for ex-stores". Retrieved January 7, 2014.
  29. ↑ Warsmith, Stephanie (January 23, 2012). "Former Sears at Rolling Acres to become recycling center; new treatment facility for women to open". Retrieved January 7, 2014.
This article is issued from Wikipedia - version of the 11/27/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.