Galleria Dallas

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Galleria Dallas
Ice rink in the Galleria Dallas (3478241581).jpg
Ice rink in the Galleria Dallas
Galleria Dallas
Location Dallas, Texas
Coordinates 32°55′48.00″N96°49′10″W / 32.9300000°N 96.81944°W / 32.9300000; -96.81944
Address13350 Dallas Parkway
Opening date1982;41 years ago (1982)
Developer Hines Interests Limited Partnership
ManagementTrademark Property Co.
OwnerUBS Realty Investors LLC (UBS AG)
Architect HOK
No. of stores and services210+
No. of anchor tenants 2
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 floors4 (including ice level)
Parking10,000+ spaces [2]
Website www.galleriadallas.com OOjs UI icon edit-ltr-progressive.svg

The Galleria Dallas is a shopping mall and mixed-use development located at the intersection of Interstate 635 and the Dallas North Tollway in the North Dallas neighborhood of Dallas, Texas, United States. It was originally developed by Hines Interests Limited Partnership in 1982. It was modeled after a similar Hines development, the Houston Galleria, which opened in 1970. Both malls have ice rinks and a glass vaulted ceiling that is modeled after the historic Galleria Vittorio Emanuele II in Milan, Italy. The mall features Macy's and Nordstrom.

Contents

The mall also houses The Westin Galleria, The cost of constructing Galleria Dallas was at least $400 million ($1.16 billion, adjusted) when opened in 1982, ranking it as one of the most expensive construction projects for that year, following Walt Disney World's Epcot Center. [3]

There are over 210 stores and restaurants, including an ice rink and the Westin Galleria Hotel. The property is owned by an investment consortium advised by UBS Realty Investors LLC, a subsidiary of UBS AG of Zurich, Switzerland, and is managed by Trademark Property Co.

History

In 1982, the mall, originally named Dallas Galleria, opened, with anchor tenants Marshall Field's, Gump's, and Saks Fifth Avenue as well as the 432-room Westin and a General Cinema Corporation multiplex theater. By 1985, the mall was expanded and a Macy's location was opened. On September 7, 1985, the mall was the location of WFAA-TV Channel 8's Sump'n Else bandstand program's 20th Anniversary live reunion special hosted by Ron Chapman and Ralph Baker Jr. with special appearances by "The Little Group" dancers and Kenny and the Kasuals, and was also simulcast live on KVIL.

In 1991, Gump's announced it would close both of its Galleria locations in Houston and Dallas. In November 1995, the mall underwent a 75,000 square feet (7,000 m2) expansion. In March 1996, Nordstrom opened as the anchor tenant of its new wing. In 1997, Marshall Field's sold all of its Texas locations, including the location at the mall. [4] Saks Fifth Avenue purchased, renovated, and relocated its store to a new space in 1999, while the original location at the mall was later converted into a Gap Inc. megastore housing Banana Republic on the first level, Gap on the second level, and Old Navy on the third level. In October of 2000, the General Cinema theater closed. In 2002, Hines Interests sold the mall to UBS Realty Investors LLC of Hartford, Connecticut, for $300 million. [5] By 2003, a major renovation began and the mall's name was changed to "Galleria Dallas."

In April 2005, UBS Realty Investors LLC acquired the Westin Galleria Hotel, which is attached to the mall, from Hines Interests for $95 million. [6]

In April 2009, General Growth Properties, the management company of the mall, declared bankruptcy. In June, Simon Property Group obtained management rights effective August 1. [7]

In August 2011, a man committed suicide by jumping from the third floor of the mall and landing on the ice rink. [8]

On March 22, 2012, H&M opened on the second floor across from Saks Fifth Avenue.

On June 15, 2013, Saks Incorporated officially closed its Saks Fifth Avenue store in Dallas, which was soon renovated and replaced in 2014 by Belk. [9] [10]

In April 2018, the AC Hotel and Residence Inn Dallas opened near the mall. [11]

In May 2018, Trademark Property Co. was hired to manage, lease, and replan the mall. [12]

On January 23, 2020, it was announced that Belk, the only location in the state of Texas, would shutter on March 21, 2020. The previous Belk outpost is in the planning stages to be developed for mixed use. [13]

See also

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References

  1. ↑ "Property Details". Hines Interests Limited Partnership.
  2. ↑ "Galleria Dallas". Galleria Dallas.
  3. ↑ Rodrigue, George (November 1981). "Anatomy of a Super MallL". D Magazine. Retrieved 18 September 2021.
  4. ↑ "Retailing". Los Angeles Times . August 29, 1996.
  5. ↑ Halkias, Maria (May 15, 2018). "Galleria Dallas isn't waiting around for Valley View owners to get moving". The Dallas Morning News .
  6. ↑ Brown, Steve (April 8, 2005). "UBS Realty Investors Acquires the 432-room Westin Galleria Hotel in North Dallas for $95 million". The Dallas Morning News .
  7. ↑ "Simon Adds Leasing, Management, and Marketing Duties at Two Centers" (Press release). Simon Property Group. June 24, 2009.
  8. ↑ "Dallas police say Colorado man who died in 50-foot fall from top floor of Galleria likely committed suicide". The Dallas Morning News . August 10, 2011.
  9. ↑ Halkias, Maria (January 29, 2013). "Galleria Dallas is losing Saks and gaining Belk". The Dallas Morning News .
  10. ↑ Halkias, Maria (March 22, 2014). "Belk opening in Galleria Dallas". The Dallas Morning News .
  11. ↑ Kezar, Korri (May 15, 2018). "Fort Worth real estate agency to build the future of the Galleria Dallas". American City Business Journals .
  12. ↑ Kimbel-Sannit, Arren (June 29, 2018). "As real estate gets pricey, Dallas hotel operators find a new way". The Dallas Morning News .
  13. ↑ "Galleria Dallas is losing a department store anchor". 23 January 2020.
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