Coral Ridge Mall is an enclosed super-regional shopping mall located just south of Interstate 80 in Coralville, Iowa . The mall's primary trade area includes Iowa City , Cedar Rapids , and other parts of eastern Iowa . It is owned and managed by Brookfield Properties , which acquired the original developer of the mall, General Growth Properties, in 2018.
21-1012: The mall has a total floor area of 1,187,097 square feet (110,285 m), with a gross leasable area of 979,415 square feet (90,991 m). It also features a 1,000-seat food court with Wi-Fi internet access, a large "antique" carousel , a children's play area, and an NHL regulation-sized ice rink. While the ice rink is primarily used for public skating, the University of Iowa Hawkeyes hockey team plays most of its home games there. The mall's anchor stores are PetSmart , Marshalls , Barnes & Noble , Dillard's , Ashley HomeStore , Marcus Cinema , The Iowa Children's Museum, Best Buy , Target , H&M , Scheels All Sports , JCPenney , Old Navy , Shoe Dept. Encore , Five Below , Ulta Beauty , HomeGoods , and Planet Fitness . Coral Ridge Mall opened on July 29, 1998, with 100% of its floor space leased. It attracted one million visitors in its first 30 days and continues to attract roughly 10 million visitors
42-809: A 2000 report by Iowa State University economics professor Kenneth Stone stated that 18 eastern Iowa counties lost over $ 120 million in retail sales to Johnson County in Coral Ridge's first year. In addition, despite the overall increase in taxable sales, general merchandise and apparel sales in Iowa City declined between 1997 and 2007. Several malls in eastern Iowa, including Old Capitol Mall in downtown Iowa City and Westdale Mall in Cedar Rapids, saw an increased number of store closings after Coral Ridge Mall opened. Most of Coral Ridge Mall's anchors, except for Younkers and Dillard's, relocated from other shopping centers in
63-451: 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
84-566: 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
105-631: A year. It also spawned additional retail development at the interchange of I-80 and Iowa Highway 965 , now known as Coral Ridge Avenue. Big-box stores such as Kohl's , Lowe's , Dressbarn (closed in 2019) and a Wal-Mart Supercenter (currently branded as simply Walmart) have opened in the years following Coral Ridge's opening. In 2013, Sears closed. In July 2016, the former Sears was demolished to make way for six new stores. In April 2017, Coral Ridge announced HomeGoods , Marshalls , PetSmart and Ulta Beauty opens in September. On April 18, 2018, it
126-412: 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 the separation of refuse to the satisfaction of
147-425: Is the area (measured in square metres or square feet ) taken up by 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
168-538: 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. Tax increment financing Too Many Requests If you report this error to
189-650: 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
210-547: The Iowa City area; Younkers ran two stores in Johnson County before closing its Old Capitol Mall store in January 2005. By 2008, Old Capitol Mall and Sycamore Mall in Iowa City would rebound to 95 percent occupancy under local ownership while downtown Iowa City merchants began to focus on specialty retail. Coral Ridge Mall was built in a tax increment financing district. The Des Moines Register reported on August 13, 2006, that
231-412: The building envelope, including the external walls, and excluding 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
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#1732858369110252-643: 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
273-433: The city of Coralville was using the $ 7 million in property taxes generated by the mall to pay off long-term debts on a new hotel and convention center instead of using it for local services. On September 3, 2003, during routine structural checks, officials discovered someone had been secretly growing marijuana near the mall's ceiling. No plants themselves were found but growing lights, gardening pots, and seeds were found in
294-458: 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 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
315-418: The food court area. She was transported to University of Iowa Hospitals and Clinics where she died a short time later. An eyewitness, who worked at a kiosk in the mall, said the shooter was a mall security guard who had allegedly been fired for harassing the victim earlier in the day. Gross leasable area In architecture , construction , and real estate , floor area , floor space , or floorspace
336-422: 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 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
357-648: The mall. In February 2023, Planet Fitness opened as a new junior anchor, taking over 5 store spaces. The mall currently has 11 junior anchors right now. When Coral Ridge Mall was planned, Iowa City business owners were concerned that the mall would take business away from them. While taxable sales in Coralville increased from $ 171.2 million in 1998 to $ 314.6 million in 1999, sales in Iowa City increased from $ 701.1 million to $ 733.3 million in that same period. By 2006 taxable sales in Coralville would grow to $ 549.7 million while sales in Iowa City grew to $ 901.4 million. However,
378-683: 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
399-454: 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
420-515: The roof space above one of the tenants. The amount of marijuana that had been grown could not be determined. The perpetrator faced an additional five years to their prison sentence due to the proximity of the Iowa Children's Museum in Coral Ridge Mall. On June 12, 2015, at approximately 7:30PM, a 20-year-old woman who worked at the Iowa Children's Museum was shot at her place of employment near
441-679: Was announced that Younkers will close, as the parent, Bon-Ton Stores , is going out of business. On August 29, 2018, Younkers closed its doors permanently. The mall has four anchors remaining. In March 2019, Five Below opens. In November 2019, Ashley HomeStore opens in former Younkers . In January 2020, Pier 1 , which is by the mall, closed. On February 21, 2020, Tuesday Morning opens, which closed in April 2023. In May 2020, Forever 21 closed permanently and Scheels expanded to that space along with 6 more store spaces. In April 2021, H&M officially opened their second Iowa location in
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