What happened to the Hilltop Mall?
What happened to the Hilltop Mall?
Hilltop Mall in Richmond, Calif., is dead. The shopping palace — once home to a Macy’s, an ice-skating rink and a movie theater — has struggled for years and a Walmart is all that remains. San Francisco-based Prologis, among the world’s largest industrial property owners, purchased Hilltop for $117 million this week.
When did Macy’s hilltop close?
2021: Sale to Prologis On January 5, 2021, it was announced that that Macy’s would be closing in April 2021 as part of a plan to close 46 stores nationwide. After Macy’s closed in March 2021, Walmart became the only traditional anchor store left.
When did Hilltop Mall open?
September 1976
Hilltop Mall/Opened
Who bought Hilltop Mall?
Aviva Investors
Posted in: LBG Real Estate Companies and Aviva Investors today announced the purchase of Hilltop Mall, a 1,100,000-square-foot regional mall in the East Bay city of Richmond, Calif.
Who owns the Shops at Hilltop?
Prologis
Hilltop Mall/Owners
How much did Hilltop Mall sell for?
The San Francisco-based group is considered the largest industrial and real estate company in the world. “The sales price was $117 million and that would produce about $3.5 million in real estate transfer taxes for the city of Richmond,” Mayor Butt said.
When was Hillsdale built?
In December 1954, Hillsdale Shopping Center opened as an open-air center, featuring Sears (completed in 1949) and the first suburban branch store of Macy’s San Francisco, later adding Emporium in 1962. Sculptures by Benny Bufano were commissioned for the mall in the 1950s. By 1970, Hillsdale had more than 150 stores.
When was Hillsdale Mall built?
1954
Hillsdale Shopping Center/Opened
What will happen to richrichmond’s Hilltop Mall?
Richmond’s Hilltop Mall, already a ghost town, is about to get even emptier. Mayor Tom Butt announced Tuesday that Macy’s will be closing permanently. It’s part of a 45-store closure across the nation for the struggling department store chain.
Why is Macy’s closing in Richmond?
RICHMOND (CBS SF) — The Macy’s store at the ailing Hilltop Mall in Richmond will close in March, the chain said Monday in a letter to city and county officials. The closure, which follows the loss of the JC Penney and Sears stores, leaves Walmart as the lone major tenant at the 45-year-old shopping center.
Is Macy’s a department store?
Macy’s, established in 1858, is the Great American Department Store—an iconic retailing brand over 740 stores operating coast-to-coast and online. Macy’s offers a first-class selection of top fashion brands including Ralph Lauren, Calvin Klein, Clinique, Estée Lauder & Levi’s®.
Is Macy’s closing stores in the Bay Area?
Once a giant among department stores, Macy’s presence is dwindling in the Bay Area and beyond. On Tuesday, the chain announced it will close 45 stores over the course of this year as part of its three-year closure strategy. By the end of 2023, Macy’s expects to have closed 125 stores nationwide.
