Galleria Dallas
 | |
| Location | Dallas, Texas, USA |
|---|---|
| Opening date | 1982 |
| Developer | Hines Interests Limited Partnership |
| Management | Simon Property Group |
| Owner | UBS Realty Investors LLC (UBS AG) |
| Architect | HOK |
| No. of stores and services | 200+ |
| No. of anchor tenants | 9 |
| Total retail floor area | total: 1,700,000 sq ft (158,000 m2)* retail: 1,400,000 sq ft (130,000 m2)*[1] |
| No. of floors | 4 (including ice level) |
| Parking | 10,000+ spaces[2] |
| Website | www.galleriadallas.com |
The Galleria Dallas, an upscale shopping mall and mixed-use development located in north Dallas, Texas (USA), was developed by long time owner Hines Interests in 1982. The mall is modeled after a similar Hines development, the Houston Galleria, which opened in 1970. Both Galleria malls have an ice skating rink and a glass vaulted ceiling that is modeled after the historic Galleria Vittorio Emanuele II in Milan, Italy.
Today there are over 200 stores and restaurants including an ice rink and The Westin Galleria Hotel. The Dallas Galleria is located at the intersection of Interstate 635 and the Dallas North Tollway. The property is currently owned by an investment consortium advised by UBS Realty Investors LLC, a subsidiary of UBS AG of Zurich, Switzerland and was managed by General Growth Properties of Chicago, Illinois. Due to the bankruptcy of General Growth, Indianapolis-based Simon Property Group (who also owns North East Mall in Hurst, Texas) assumed management of the mall, starting August 23, 2009.
History
 |
- 1982 - Hines Interests opens The Dallas Galleria with anchors Marshall Field's and Saks Fifth Avenue as well as a 432-room Westin Hotel.
- 1985 - The mall is expanded and Macy's opens.
- September 7, 1985 - The mall is the location of WFAA-TV Channel 8's Sump'n Else bandstand program's 20th Anniversary Episode hosted by Ron Chapman, Ralph Baker Jr and The Little Group dancers.
- 1995 - The mall opens a 75,000 square feet (7,000 m2) expansion in November.
- 1996 - In March. Nordstrom opens as anchor of the mall's new wing.
- 1997 - Marshall Field's sells its Texas locations. The Dallas Galleria location is purchased by Saks Fifth Avenue.
- 1999 - Saks Fifth Avenue renovates and moves into the original Marshall Field's location. The original Saks location is converted to a Gap, Inc. megastore housing Banana Republic (first level), Gap (second level), and Old Navy (third level).
- 2002 - Hines Interests sells the Dallas Galleria to UBS Realty Investors LLC of Hartford, CT, for an estimated US$300 million.
- 2003 - A major renovation of the mall is begun, with the mall's name changed from "Dallas Galleria" to "Galleria Dallas."[3]
- 2005 - UBS Realty Investors LLC acquires the Westin Galleria Hotel from Hines Interests for $95 million.[4]
- 2009 - General Growth Properties, the mall's management company, went bankrupt in April 2009. In June, Simon Property Group obtained management rights & their tenure started August 1.[5]
- 2011 - A man commits suicide by jumping from the third floor of the mall, landing in the ice skating rink.
- 2012 - H&M opens on the second floor across from the former Saks Fifth Avenue on March 22, 2012.
- 2013 - It was revealed that Saks Incorporated will shutter its Dallas store. The anchor operated until June 15, 2013 and will be replaced by Charlotte-based Belk, a mid-range department store chain. Belk's opening date is yet to appear, but before opening, the building will go through renovations.[6]
- 2014 - Belk is planned to open in the former Saks Fifth Avenue.
Major anchors
- Macy's — 260,000 sq ft (24,150 m2) (opened in 1985)
- Nordstrom — 214,485 sq ft (19,930 m2) (opened in 1996)
- Belk — (replaced Saks Fifth Avenue; opening in 2014)
- Forever 21
- H&M (opened on March 22, 2012)
- Old Navy
- Banana Republic
- Gap
Former tenants
- Marshall Field's (left the Texas market in 1997; the owner of the chain was then sold to Federated Department Stores on September 9, 2006)
- Saks Fifth Avenue — 116,000 sq ft (10,780 m2) (opened in 1997; shuttered on June 15, 2013)
See also
References
- ^ Property details, Hines, Retrieved on 9 September 2006.
- ^ Visitor & Guest Services, Galleria Dallas, Retrieved on 9 September 2006.
- ^ A grander Galleria, International Council of Shopping Centers, November 2003.
- ^ UBS Realty Investors Acquires the 432-room Westin Galleria Hotel in North Dallas for $95 million, The Dallas Morning News, 8 April 2005.
- ^ [1]
- ^ http://www.dallasnews.com/business/retail/20130129-galleria-dallas-is-losing-saks-and-gaining-belk.ece