New York City gets its first enclosed mall in 40 years
Publish Date: August 20, 2014
The Mall at Bay Plaza, New York City’s first enclosed fashion mall to open in more than 40 years, officially opened to the public last week. Locally based developer Prestige Properties & Development Co. calls the 780,000-square-foot, three-level center the largest enclosed mall in New York City. Prestige Properties has invested over $300 million in the mall’s construction and development.
The mall includes a new, ground-up 160,000-square-foot Macy’s Inc., which is be the first time the retailer is opening a new location within New York City in 15 years, and an existing JCPenney as the anchor tenants. Tenants include more than 100 retail shops, many of which will operate in the Bronx for the first time. H&M, Ulta, Victoria Secret, Kay Jewelers, the Gap, Aeropostale and many others will open their first locations in the borough. Dining options include Joe’s Crab Shack, Olive Garden and Red Robin, which will officially open in the coming weeks. In addition, 24-hour gym XSport Fitness will soon open its first location in the Bronx at the center.
“I am so happy that The Bronx now has its first enclosed fashion mall ever, and the first built in the New York City area in almost 40 years,” said Bronx Borough President Ruben Diaz Jr., at the opening ceremony. “This mall will bring new jobs and new business to The Bronx and I welcome with open arms a new Macy's to our borough.”
The mall is adjacent to the Bay Plaza Shopping Center, which features an additional 1.2 million square feet of retail space, and has been owned and operated by Prestige Properties since 1988. The entire development will now be folded into the Mall at Bay Plaza – expanding the space to over 2 million square feet. Shalem said Prestige always believed a first-class, suburban-style fashion mall would flourish on the site due to its ideal location, right at the crossroads of The Bronx and New York’s affluent suburban Westchester County. “After much hard work, it is extremely rewarding to have the mall open to the public,” said Sam Shalem, Chairman and CEO of Prestige Properties & Development Co. “It’s humbling to know that we have brought a number of new stores and jobs to the borough.”