Vista ridge mall closing time

Lost your password? Music Music See all. January 12, January 13, January 6, December 27, December 7, January 7, December 10, Culture See all. January 10, Trending Now Week Month. Taylor Frantum January 30, It's ready for an investment. It needs a boost. Fort Worth-based Woodmont Co. What was sold is the , square feet of the mall's common areas and the store space other than the anchors. Each department store owns its building and some of the parking lot.

The two-level, 1. The same partnership purchased J. Penney's Plano headquarters in January. Ware's purchase of Collin Creek, built in on the southwest corner of 15th Street and North Central Expressway, is expected to close soon.

That mall was marketed by real estate brokerage firm Avison Young. Vista Ridge, a classic s mall, still has its four department store anchors, Dillard's, J. Penney, Macy's and Sears, and a Cinemark Theater. Most malls that end up back with a lender have lost one or two anchor stores. It's also at a major intersection 22 miles north of Dallas in a fast-growing area of Denton County. But with the multiplying rooftops came more retail to compete with the mall that got there first, a common scenario across America's suburbia.

Flower Mound, Lewisville and Highland Village have added almost 5 million square feet of retail space in the last 15 years, doubling that area's retail space, according to a report from Dallas-based Weitzman. During that time, online shopping has accelerated posting annual gains in the double digits.

The city's coffers and the mall's struggles together illustrate the shift to online shopping. Vista Ridge Mall is now the second-largest generator of sales taxes in Lewisville, after being No. That's why Lewisville and other area cities have been actively going after online fulfillment centers of national retailers. The city will help the new owners "with making connections and spreading opportunities to others," Kunke said. Unlike some cities, Lewisville doesn't have revenue dedicated to economic development.

Over the years, the mall's sales taxes dipped as new competition opened.