Misplaced Pages

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70-534: The center, which was built as the Bergen Mall , opened in 1957 as one of several regional large-scale outdoor shopping centers rolled out nationwide, and was the largest of its kind at the time of its opening. It is the second-oldest mall in New Jersey. The mall offers a gross leasable area (GLA) of 917,129 sq ft (85,204.1 m). The mall is located at the junction of Route 4 and Forest Avenue, and includes

140-454: A Century 21 store. The Bergen Mall was the target of a lawsuit by nuclear-freeze advocates who challenged the mall's restrictions on distribution of literature to shoppers. On October 12, 1984, Bergen County Superior Court judge Paul R. Huot ruled that the organization should be allowed to distribute literature anywhere and anytime in a shopping mall, noting that "the Bergen Mall has assumed

210-423: A 135,000 sq ft (12,500 m) Ohrbach's location opened on August 17, 1967. In July 1972, the owners of the Bergen Mall announced that they would begin converting the facility from an outdoor shopping plaza with a vast number of stores to an enclosed structure with all of these stores operating under one roof; the new mall would be anchored by Stern's at one end of the enclosed structure and Ohrbach's at

280-555: A Macy's to give them a second location in Paramus. Six years later, they made a similar decision to retire the Stern's brand and the Bergen Mall flagship joined most of its other sibling stores and was rebranded as Macy's. Federated did not keep the store open much longer, however, electing to liquidate it in 2005 and focus on their other two Paramus locations. Shortly after, the Macy's was converted into

350-421: A building or part of it. The ways of defining "floor area" depend on what factors of the building should or should not be included, such as external walls, internal walls, corridors, lift shafts, stairs, etc. Generally there are three major differences in measuring floor area. Gross floor area (GFA) in real estate is the total floor area inside the building envelope, including the external walls, and excluding

420-451: A building, except otherwise exempted, and uncovered areas for commercial uses are deemed the gross floor area of the building for purposes of plot ratio control and development charge. The gross floor area is the total area of the covered floor space measured between the centre line of party walls, including the thickness of external walls but excluding voids. Accessibility and usability are not criteria for exclusion from GFA. 3.2 URA reserves

490-566: A commercial property. Specifically, gross leasable area is the total floor area designed for tenant occupancy and exclusive use, including any basements , mezzanines , or upper floors. It is typically expressed in square metres (although in some places such as the United States, Canada and the United Kingdom, the square foot is used). It is measured from the center line of joint partitions and from outside wall faces. That is, gross leasable area

560-561: A concept called "My Macy's", in which the buyers and planners all look at what the local consumer base is looking for in their local Macy's store. This will help bring a better sense of branding, sizing, and marketing to each Macy's store nationwide. Macy's Inc. decided to close the Bloomingdale's at the Mall of America in Minnesota . Since 1994, Bloomingdale's had been one of the 4 anchor stores of

630-430: A department store holding company for F&R Lazarus & Company (including its Cincinnati division, then known as Shillito's ), Abraham & Straus , and William Filene's Sons of Boston. In 1930, Bloomingdale Brothers of New York joined. In the mid-1930s, a modern merchandising standard was set when Fred Lazarus Jr. arranged garments in groups of a single size with a range of style, color and price, basing

700-539: A deterioration in the company's operating and credit metrics. The domain macysinc.com attracted at least 3 million visitors annually by 2008, according to a Compete.com survey. On Wednesday, February 6, 2008, Terry Lundgren announced the localization strategy and the company's plan to shed 2,550 jobs. This new localization strategy is known as "My Macy's." Employees of the Macy's North headquarters office in Minneapolis ,

770-693: A five-story parking garage, will be provided. New additions in 2009 include Target (Opened March 7, 2009), a Wetzel's Pretzels , Subway , Baskin-Robbins , Dunkin' Donuts , Verizon Wireless, an AT&T store, and a Whole Foods (which opened on August 19, 2009 and signed a lease for 77,000 sq ft (7,200 m).), Filene's Basement (opened October 28, 2007, since closed and replaced by Home Goods which opened in October 2013.), Lowe's , Nike Factory Store (opened March 7, 2009), Bobby Flay 's Bobby's Burger Palace (opened March 31, 2009), and Nordstrom Rack (Opened March 12, 2009). A Grand Opening Celebration

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840-448: A high-profile battle, with Macy's (at that time not part of Federated, but a rival), also submitting competitive bids of over $ 6 billion. Nonetheless, in April 1988, Federated gave in and agreed to a $ 6.6 billion takeover by Campeau. It was the largest merger in corporate history, barring the oil sector. Macy's paid Campeau $ 1.1 billion to acquire the 20-store Bullock's / Bullocks Wilshire and

910-463: A separate shopping strip, south of Route 4 connected to the rest of the property via a pedestrian bridge. The mall has over the years included community spaces, including a chapel, theater for live dramas, post office, auditorium, ice rink, bowling alley, a children's amusement ride area, and the Bergen Museum of Art & Science . The Bergen Mall was designed by John Graham of New York City. The mall

980-610: A very exciting future for Macy's and Bloomingdale's" said Terry J. Lundgren , chairman, president and chief executive officer. Macy's also got rid of its division structure and integrated its functions into one organization. Macy's central buying, merchandise planning, stores senior management and marketing functions merged to its New York City corporate office (formerly Macy's East ). Corporate-related business functions, such as finance and human resources, will be primarily in Cincinnati. To buy with local consumers in mind, Macy's developed

1050-443: Is an American holding company of department stores . Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus , Lazarus , Filene's , and Shillito's . Bloomingdale's joined Federated Department Stores the next year. Throughout its early history, frequent acquisitions and divestitures saw the company operate a number of nameplates. In 1994, Federated took over Macy's ,

1120-445: Is subject to Bergen County's blue laws , which requires the mall to be closed on Sundays, except for some restaurants and other non-clothing establishments. The mall was first planned in 1955 by Allied Stores to have 100 stores and 8,600 parking spaces in a 1.5 million ft mall that would include a 300,000 sq ft (28,000 m) Stern's store and two other 150,000 sq ft (14,000 m) department stores as part of

1190-546: Is the area for which tenants pay rent, and thus the area that produces income for the property owner. For a property with only one tenant, the measurements gross floor area (GFA) and gross leasable area (GLA) are essentially equal. The Building Owners and Managers Association has established a standard with American National Standards Institute , ANSI/BOMA Z65.1-1996 for measuring floor area and calculating gross leasable area and loss factor. Macy%27s, Inc. Macy's, Inc. (previously Federated Department Stores, Inc. )

1260-406: The Macy's masthead and a few to the Bloomingdale's name. One of the consequences of this rebranding is that several malls have two Macy's stores. In downtown Boston, Federated liquidated an acquired Filene's because it already had a Macy's (formerly a Jordan Marsh) across the street. The two stores have a combined floorspace of more than 1,400,000 square feet (130,000 m ), more than two-thirds

1330-729: The old store's venerable name. Macy's, Inc. owns the department store chains Bloomingdale's and Macy's , and beauty store chain Bluemercury , all of which operate flagship stores in Manhattan . As of October 2022 , it operates 722 locations in the United States , Guam , and Puerto Rico . The company was the world's largest fashion goods retailer and the 36th-largest retailer overall in 2010. Macy's, Inc. has been headquartered within Macy's Herald Square in New York City since 2020, and

1400-401: The 25-store specialty apparel chain I. Magnin . Two years later, Federated filed for bankruptcy after Campeau failed to refinance the debt of Federated and Allied Stores Corp. In 1992, Campeau was ousted and Federated emerged from bankruptcy as a new public company, Federated Stores, Inc. , dropping the word "Department" from the previous company. As part of the reorganization, Federated sold

1470-492: The Americas on Sixth Avenue in Manhattan . Bergen Mall was also the first stop on MCA Records 's "The Beautiful You: Celebrating The Good Life Shopping Mall Tour '87" starring teen pop sensation Tiffany as an alternative way to promote her debut album. In 1987, the mall was acquired by Simon Property Group , who in turn would later sell the mall to Vornado Realty Trust in 2003. Vornado would proceed with plans to convert

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1540-686: The Federated Department Stores corporate umbrella for the first time since 1988. Federated announced plans to sell 80 store locations in 2006, having pledged in its settlement to sell most of them as viable businesses, with preference being given to a group of thirteen competitors. This number could fluctuate pursuant to Federated's negotiations with various mall landlords and its final decision regarding using former Macy locations for its luxury Bloomingdale's operation. On January 12, 2006, Federated announced its plans to divest May Company's Lord & Taylor division (48 stores in 12 states) by

1610-796: The Lower Level (LL) and Lincoln Tech occupies the 3rd floor (3). On November 30, 2006, the Paramus Planning Board approved a series of changes that would bring the mall up to 1,500,000 sq ft (140,000 m) at a cost of $ 171 million. The mall was renamed to Bergen Town Center, and was planned to include 872,000 sq ft (81,000 m) of renovated mall retail space and a 167,000 sq ft (15,500 m) freestanding big-box store across Forest Avenue in Maywood, Lowe's which opened in January 2011. A total of 4,339 parking spaces, including

1680-557: The Macy's Northwest headquarters office in Seattle , and the Macy's Midwest headquarters office in St. Louis were given pink slips , as Macy's pared its seven regional centers to four. About 40 new jobs were to be created in May as part of the restructuring. By 2009, the company expected to save $ 100 million (equivalent to $ 142 million in 2024) a year from the cuts. On February 2, 2009, Macy's announced

1750-506: The Ralphs chain to a group of owners led by Edward J. DeBartolo Corporation . Also in 1992, Macy's declared bankruptcy; Federated acquired it two years later, in 1994. The name of the once-main-rival of Federated, Macy's, would soon become the consumer-facing identity of most of Federated's stores. In 1995 Federated bought Broadway Stores, Inc. and its California-based Emporium-Capwell , Weinstock's and The Broadway chains. Macy's changed

1820-643: The built and natural environment no. 1 and no. 2. Since such facilities granted extra floor area to develop and usually included in the GFA/ selling area the developer sold to end-user, which made end-user confused, government planned to abolish the exclusion of green features and use alternative way to encourage green features. For the total floor area, HK use the term "site coverage". GFA in Singapore, defined by Urban Redevelopment Authority as of March 2014 is: 3 Definition of gross floor area 3.1 All covered floor areas of

1890-476: The buyout was the bridal and formal unit of May, consisting of David's Bridal and After Hours Formalwear . Federated would also assume $ 6 billion (equivalent to $ 9.36 billion in 2024) of May's debt, bringing total consideration to $ 17 billion (equivalent to $ 26.5 billion in 2024). The deal would create the nation's largest department store chain with over 1,000 stores and $ 30 billion (equivalent to $ 46.8 billion in 2024) in annual sales. To help finance

1960-420: The company revised its plans for the new name, opting to eventually become Macy's, Inc. Federated shareholders approved the revised proposal during the company's annual meeting on May 18, 2007. The name took effect on June 1, 2007. The reasoning for the proposed name change—according to Terry Lundgren , Federated's chairman, president, and chief executive officer—hinges on the large-scale conversions throughout

2030-720: The company toward the Macy's nameplate. "Today, we are a brand-driven company focused on Macy's and Bloomingdale's, not a federation of department stores," Lundgren said in the company's press release heralding the proposed name. Upon the change to Macy's Inc., Federated's stock ticker symbol on the New York Stock Exchange changed from "FD" to "M", making the new Macy's Inc. one of a handful of single-letter ticker symbol companies. In April 2008, Moody's Investors Service said that it might downgrade Macy's Inc. bonds to just above junk status. That same month, Fitch Ratings downgraded their bond credit rating to BBB− from BBB, noting

2100-414: The company's Steinbach chain. The store was converted to Value City in 1997 and later closed and demolished in the mid-2000s. In the early 1990s the mall was repositioned as a value-oriented center that included a Marshalls , Gap Outlet, and a Saks Off 5th outlet. Across the street from the main mall is a little strip mall that was part of the mall property. It is located across from Forest Avenue and

2170-622: The deal, Federated agreed to sell its combined proprietary credit card business (but still administered by FACS Group, a subsidiary of Federated) to Citigroup. The merger was completed on August 30, 2005, after an assurance agreement was reached with the Attorneys General of New York , California , Massachusetts , Maryland , and Pennsylvania . As a result of the merger, Federated also in the process reacquired two of their former department store chains Foley's & Filene's (Which Federated originally sold to May Company), putting them back under

Bergen Town Center - Misplaced Pages Continue

2240-504: The elimination of 7,000 jobs, or 4% of its workforce, and slashed its dividend as it looked to lower expenses as part of a major restructuring. Cincinnati -based Macy's Inc. stated that the workforce reduction included positions in offices, stores, and other locations, and the cuts include some unfilled jobs. "Reducing our workforce is an unfortunate outcome of the current economic environment, and I am frustrated that so many of our people will be unable to move forward with us as we proceed into

2310-600: The end of 2006 after utilizing prime and conflicting real estate by closing and converting several locations. On June 22, 2006, Macy's announced that NRDC Equity Partners , LLC would purchase Lord & Taylor for US$ 1.2 billion (equivalent to $ 1.81 billion in 2024), and completed the sale in October 2006. On September 9, 2006, the former May Company store names Famous-Barr , Filene's , Foley's , Hecht's , The Jones Store , Kaufmann's , L. S. Ayres , Marshall Field's , Meier & Frank , Robinsons-May , and Strawbridge's disappeared as Federated switched most of them to

2380-412: The face of rising costs and dwindling audiences, and was converted to retail space in 1986. 40°54′58″N 74°03′17″W  /  40.916187°N 74.054729°W  / 40.916187; -74.054729 Gross leasable area In architecture , construction , and real estate , floor area , floor space , or floorspace is the area (measured in square metres or square feet ) taken up by

2450-531: The features and characteristics of the traditional town center for the citizens who reside in Paramus and surrounding Bergen County towns." The Carmelite Chapel of St. Therese was located in the basement section called "The Village" since 1970, modeled after the Carmelite location in the basement of Northshore Mall , which opened in 1960. It moved to the upper level in 2007 when the center was redesigned. The chapel had masses daily from Monday-Saturday. However, since

2520-537: The holiday evening, and remained open for 24 hours straight until the close of business on Friday, which is usually about 10 p.m. As of February 2014 , Macy's Inc. is valued at US$ 28 billion. In September 2015, Macy's announced it would close 40 stores, 5% of its total stores in early 2016. It also announced plans to open 6 additional Macy's Backstage locations. From 2010 to 2015, Macy's had closed 52 stores and opened 12. In February 2020, Macy's announced that their headquarters in downtown Cincinnati will be closing in

2590-466: The hyphenated names were changed to simply Macy's, a rebranding process referred internally to as Project Star. The department store chain Stern's , a division of Federated, ceased operations in 2001 and most of its stores became Macy's stores. Federated began selling goods online in 1998, rather later than most contemporary large retailers; Federated ran a private bank, FDS Bank, which issued and maintained

2660-431: The initial design. Allied's chairman B. Earl Puckett announced The Bergen Mall as the largest of ten proposed centers, stating that there were 25 cities that could support such centers and that no more than 50 malls of this type would be built nationwide. The mall opened on November 14, 1957 with great fanfare, as Dave Garroway , host of The Today Show served as master of ceremonies. Bergen Mall got its second anchor when

2730-746: The last remaining family member with an official role at the company. ) In 1945, Federated moved its corporate offices to Cincinnati . The latter half of the 20th century saw the company expand nationwide, adding Rike Kumler of Dayton, Ohio (merged into Shillito's in the 1980s to become Shillito-Rike's); Burdines of Miami, Florida; Rich's of Atlanta, Georgia; Foley's of Houston, Texas; Sanger Brothers and A. Harris, both of Dallas, Texas (which were merged to form Sanger-Harris ); Boston Store of Milwaukee, Wisconsin; MainStreet of Chicago, Illinois; Bullock's , of Los Angeles; I. Magnin , of San Francisco, California; Gold Circle ; and Richway Discount Department Stores of Worthington, Ohio. Federated entered

2800-490: The majority of its own consumer credit card portfolio, was one of the last credit card banks to begin to allow its cardholders to access account information online (around 2004). In 1998, Federated settled an SEC investigation for $ 14.46 million (equivalent to $ 27 million in 2024) due to unethical debt-collection practices. Federated routinely forced credit card holders/debtors to sign an agreement that legally bound them to repay their outstanding balances instead of having

2870-523: The mall is closed on Sundays, the chapel was closed and did not provide Sunday masses. The chapel also housed a gift shop which was located next to the chapel entrance. The chapel held its final mass on March 1, 2017 before closing its doors for good. The mall's water feature was a dandelion fountain, a replica of the El Alamein Fountain in Sydney and the twin fountains at the entrance of 1345 Avenue of

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2940-543: The mall to make way for Ruth's Chris Steak House , which opened in November 2018. It was also announced that the current bridge that connects the mall and the other shops on the other side would be replaced. The former Midas Tire shop is also expected with a new restaurant that is yet to be determined. The work on the Parking Deck near Marshalls and Saks OFF 5th and the bridge are all expected to be complete by September 2018. In

3010-410: The mall's format to include high-profile stores, and made changes to the looks of the mall. In one of the first changes planned for the mall, Century 21 opened on August 10, 2006, taking 67,500 sq ft (6,270 m) of space in the old Stern's/Macy's building. Century 21 occupies the middle two floors of the four-story building (1&2), while Home Goods/Bloomingdale's-The Outlet Store occupy

3080-404: The mall, and will be replaced with a $ 30 million renovation with four new foreign clothing stores. On October 14, 2013, Macy's Inc. announced the decision to open most of their stores for the first time on Thanksgiving Day 2013, breaking a long-standing tradition of 155 years, and joined the ranks of retailers who created Gray Thursday the year before. Its doors opened at 8 p.m. (local time) on

3150-683: The maximum GFA (excluding the non-accountable above) to develop. However it may be further reduced by the effect of plot ratio, maximum site coverage, maximum permitted height of building and Outline Zoning Plan. Moreover, roof and other uncovered area is exclude in Permitted GFA but usually had restricted use as opening space, corridor or emergence escaping area. Since 2001, to encourage the incorporation of green features in building developments, further facilities could be excluded/disregard in GFA. and defined at Joint Practice Notes on protection and improvement of

3220-571: The nameplate of these three chains and Bullock's to Macy's, or in some cases, turned locations into Bloomingdales. In 2003, Federated changed the nameplates of almost all their remaining non-Macy's stores – the lone exception was Bloomingdales – to include the Macy's name, a rebranding internally dubbed Project Hyphen. For example, Seattle -based The Bon Marché became Bon-Macy's; Goldsmith's in Tennessee became Goldsmith's-Macy's; Lazarus, Burdines, and Rich's also added "-Macy's" to their name. A year later,

3290-417: The near future with all corporate operations relocating to New York City. This news came after a gradual pulling out of the Cincinnati area with a couple of area store closures and the retirement of a top executive. In November 2021, Macy's announced the launch of its digital marketplace, which set to debut in the second half of 2022. Macy's will partner with AlixPartners and Mirakl . In November 2023, it

3360-522: The old department store chain originally founded in 1858 by American entrepreneur Rowland Hussey Macy . Despite Federated's long history of preserving regional nameplates, its acquisition of the May Department Stores Company in 2005 marked the end of those nameplates. By the following year, both the Macy's and Bloomingdale's brands had replaced them nationwide. Ultimately, Federated itself was renamed Macy's, Inc. in 2007, an acknowledgment of

3430-615: The other. This was part of a general trend underway at the time where large-scale outdoor centers, like the Bergen Mall, had been for its first fifteen years and Garden State Plaza , which had been commissioned by R.H. Macy and Company and opened in 1957, was at the time, were no longer as popular while massive indoor facilities, like the Fashion Center (which opened in 1967) in Paramus and Willowbrook Mall (which opened in 1968) in Wayne, were becoming more and more popular. On September 15, 1973,

3500-511: The position of having three different properties being anchors at the three major Paramus malls. In addition to Stern's and the A&;S store co-anchoring Paramus Park , the acquisition gave Federated control of the Macy's store at Westfield Garden State Plaza . In 1995, the year after acquiring Macy's, Federated decided to discontinue their A&S brand and converted the Paramus Park location to

3570-410: The purposes of regulations 19, 20, 21 and 22, the gross floor area of a building shall be the area contained within the external walls of the building measured at each floor level (including any floor below the level of the ground), together with the area of each balcony in the building, which shall be calculated from the overall dimensions of the balcony (including the thickness of the sides thereof), and

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3640-511: The renovated mall held its grand reopening. Unlike its other regional counterparts, however, the Bergen Mall did not make attempts to modernize its look as the years wore on and proceeded to look dated. In 1986, the Bergen Mall lost one of its two anchors when Ohrbach's closed its doors following a takeover by the Amcena retail group. Amcena reconfigured the store, as well as the other Ohrbach's stores it opted to keep, and it reopened in 1987 as part of

3710-454: The right to decide on GFA matters based on the specific design of a development proposal on a case-by-case basis. With effect from January 2014, Private enclosed spaces (PES) and private roof terraces (PRT) are counted as part of the bonus GFA capped at 10% above the Master Plan that also includes balconies. Gross leasable area ( GLA ) is the amount of floor space available to be rented in

3780-596: The roof. Definitions of GFA, including which areas are to be counted towards it and which areas aren't, vary around the world. Adding to this confusion is the practice among some developers to use gross leasable area (GLA) and GFA interchangeably, or to use GFA as GLA, even though GLA usually excludes corridors and other public areas inside the development, while both figures include areas occupied by structure, like walls and columns. Hong Kong law Chapter 123F, Building (Planning) Regulations , Regulation 23 sect 3 sub-paragraph (a) defined that: Subject to sub-paragraph (b), for

3850-698: The separation of refuse to the satisfaction of the Building Authority, or for access facilities for telecommunications and broadcasting services, or occupied solely by machinery or equipment for any lift, air-conditioning or heating system or any similar service. (L.N. 406 of 1987; 39 of 2000 s. 7) The non-accountable GFA is further defined in Practice Notes for Authorized Persons, Registered Structural Engineers and Registered Geotechnical Engineers no APP-2. Permitted GFA in Hong Kong land lease agreement generally

3920-407: The size of Macy's New York City flagship store. On November 17, 2006, the bridal and formal unit was sold. David's Bridal and Priscilla of Boston were sold to Leonard Green & Partners . After Hours Formalwear was sold to Men's Wearhouse . On February 27, 2007, Federated announced that its board of directors would ask shareholders to change the company's name to Macy's Group, Inc. By March 28,

3990-479: The space formerly occupied by Filene's Basement. This is their second location in Paramus, the other being on NJ-17 near Ridgewood Ave. H&M will be opening its third Paramus location at Bergen Town Center Holiday 2013. The 27,000 sq. feet two-level store will be larger than the H&;M stores at Westfield Garden State Plaza and Paramus Park and will be located at the center of the mall next to J. Crew Outlet. In 2015, it

4060-591: The summer of 2020, Kirkland’s Furniture closed. On September 10, 2020, it was announced that Century 21 would be closing all stores, including the Bergen Town Center location. The location closed on December 5, 2020. From 1960 to 1982, the mall included the Playhouse on the Mall, a 635-seat theater. The developer, Allied Stores, was persuaded to build the theater by producer (and future novelist) Robert Ludlum , who managed

4130-716: The supermarket industry in 1968 when it acquired the Ralphs chain based in Southern California. In 1982, Federated acquired the Twin Fair, Inc. discount store chain based in Buffalo, New York , and merged it with Gold Circle. In 1983, Federated sold four shopping center properties to JMB Realty . Canadian real estate developer Robert Campeau – who had taken over and dismembered Allied Stores in 1986 – attempted to take over Federated starting in early 1988 which Federated fought off in

4200-646: The technique upon observations made in Paris. As well, Lazarus convinced President Franklin D. Roosevelt that it would help American economy to change the Thanksgiving holiday from the last Thursday of November to the fourth Thursday, thus extending the Christmas shopping season. An act of Congress perpetuated the arrangement in 1941. Black Friday became a nationwide sensation and the most profitable day for Federated. (Robert Lazarus Jr. worked at Federated until he died in 2013,

4270-571: The theater from 1960 to 1970. Productions included a mix of Broadway revivals ( The Best Man , Two for the Seesaw , A Little Night Music ) and pre-Broadway tryouts ( The Typists and the Tiger , The Owl and the Pussycat ), and attracted a variety of movie, television, and Broadway talent. The theater's most successful production was an annual stop by Ann Corio 's This Was Burlesque revue. The theater closed in

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4340-584: The thickness of the external walls of the building. sub-paragraph (b): In determining the gross floor area for the purposes of regulations 20, 21 and 22, the Building Authority may disregard any floor space that he is satisfied is constructed or intended to be used solely for parking motor vehicles, loading or unloading of motor vehicles, or for refuse storage chambers, refuse storage and material recovery chambers, material recovery chambers, refuse storage and material recovery rooms, refuse chutes, refuse hopper rooms and other types of facilities provided to facilitate

4410-679: The unsecured debt discharge via the filing of bankruptcy . Federated failed to file reaffirmation agreements with bankruptcy courts. As a result, the changes in the agreements were not legally binding. In 2001 Federated acquired Liberty House of Hawaii as it emerged from Chapter 11 bankruptcy . It was managed as part of Macy's West and all the store names were changed to Macy's. In 2005, Federated agreed to sell its credit card business to Citigroup . On February 28, 2005, Federated Department Stores announced that it would acquire May Department Stores company for $ 11 billion (equivalent to $ 17.2 billion in 2024) in cash and stock. Also part of

4480-528: Was announced that a Burlington Coat Factory store would go above Marshall's and would occupy space that used to house the Chapel on the mall as well as some mall offices. The mall ceiling between Saks OFF 5th and Marshall's is expected to be raised so that escalators and an elevator are able to reach the store. The Burlington Coat Factory store opened in August 2019. Also, Pei Wei Asian Diner and Potbelly Sandwich closed in

4550-511: Was confirmed that the mall would undergo a $ 130 million 200,000 square foot expansion, which was to include adding an additional level, as well as new tenants. In January 2018, it was announced that the Best Buy location at nearby Westfield Garden State Plaza would close and be relocated to the Outlets at Bergen Town Center property next to the strip mall. It opened on April 14, 2018. In June 2018, it

4620-559: Was connected with an auto and a pedestrian bridge. Chuck E. Cheese's opened in the mini strip mall across the street in 1993. It closed in November 2010 due to the redevelopment plans of that area including the old former Health Spa 2 The Chuck E. Cheese relocated to the Shoppes at IV in 2011. The site of the former Chuck E. Cheese's later became a Red Robin restaurant. Other tenants in the strip mall were Spa 2 (closed 2004; replaced by REI ) and Shop Rite . The Shop Rite store closed in 1998 and

4690-429: Was held on August 25, 2009 to mark the completion of the renovation/expansion. Filene's Basement filed for bankruptcy protection on Monday, May 4, 2009. An affiliate of Men's Wearhouse has won the bidding process, with plans to keep approximately 20 of the chain's stores open. The five-year-old Filene's at Bergen Town Center is one of six stores that closed as part of the transaction. In October 2013, Home Goods opened in

4760-428: Was moved to its current location on Route 4 near the mall. Kirkland's Furniture occupied the former Shop Rite space in the strip mall until 2020. Another major change came to the mall in 2001, and this involved the store it had been built around. In 1992, Stern's owner Allied Stores merged with Federated Department Stores . Two years later, Federated acquired R.H. Macy and Company out of bankruptcy. This gave Federated

4830-773: Was previously headquartered in Cincinnati , Ohio from 1945 until 2020. Federated Department Stores traces its corporate lineage to F&R Lazarus & Company , founded in Columbus, Ohio , in 1851. In the summer of 1929, months before the Wall Street Crash of 1929, Fred Lazarus Jr. met with Walter N. Rothschild from Abraham & Straus of Brooklyn and Edward Filene from Filene's of Boston on Rothschild's yacht in Long Island Sound. The three businessmen agreed to merge their stores and form Federated Department Stores, as

4900-466: Was reported that Arkhouse Management and Brigade Capital Management have offered to buy Macy's Inc. for $ 5.8 billion. Macy's rejected the offer in January 2024 citing the unsolicited offer to be undervalued. The investor group increased their offer to $ 6.6   billion two months later. In February 2024, Macy's announced it would close 150 stores by 2026. The conversion of Marshall Field's in Chicago

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