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38-455: The mall opened in 1997, under the management of Simon Property Group . With the 2009 closures of Fortunoff, Steve and Barry's , and Circuit City , three large anchor stores had become vacant. The drop of foot traffic by the loss of the anchors has caused other stores – the three aforementioned sub-anchor chains, plus Saks Off 5th , & Forever 21 – and the entire food court – including McDonald's , Starbucks , and Ranch 1 – to pull out from

76-637: A $ 2.5 billion equity investment in GGP including a $ 1 billion investment by Paulson & Co. In May 2010, Simon withdrew from the bidding for GGP after GGP favored transactions with Brookfield Asset Management . In May 2010, Simon acquired Prime Retail 's Prime Outlets-Puerto Rico in Barceloneta, Puerto Rico In August 2010, Simon acquired an additional 21 outlet malls, including locations in Williamsburg, Virginia , San Marcos, Texas and Hagerstown, Maryland for

114-758: A 45,000-square-foot Eataly location opened in the Boston Prudential Center , replacing an existing food court after extensive renovations. In October 2017, Eataly Century City location opened at the newly remodeled $ 1-billion Westfield Century City Mall in Los Angeles County. Covering 67,000 square feet, Eataly L.A. surpassed Eataly Chicago to become the largest Eataly in the United States. On February 17, 2018, Eataly opened its 40th location in Stockholm, Sweden. The operation occupies 32,300 square feet in

152-696: A closed vermouth factory in the Lingotto district of Turin . Easily accessible via the Lingotto metro station , the establishment has been described by The New York Times as a "megastore" that "combines elements of a bustling European open market, a Whole-Foods-style supermarket, a high-end food court and a New Age learning center." Farinetti planned early on that additional stores would open elsewhere in Italy and in New York City . The first Eataly location in Manhattan

190-729: A former movie theater in the heart of Stockholm's shopping district. In April 2019, Eataly opened its first location in Paris, France. It is located in the center of the French capital in the Marais neighborough, between the Place des Émeutes-de-Stonewall (Stonewall Riots square) and the rue Sainte-Croix-de-la-Bretonnerie, in Le Marais ( 4th arrondissement ). The autumn of 2019 saw Guerra depart Eataly for an executive leadership position at LVMH . Guerra's replacement

228-406: A steady abandonment by its remaining tenants (outside of its restaurants, which maintained their standalone customers). On August 9, 2012, it was announced that the property was to go up for auction by the end of the month; by then, the mall was under 50% occupancy. The opening of the nearby Gallery at Westbury Plaza in late 2012 prompted Nordstrom Rack, Old Navy, and Saks Off 5th to move away, leaving

266-639: A subsidiary of the Hong Kong-listed LESSO Group – purchased the mall for $ 92 million. On October 21, 2017, it was announced that the Mall at the Source would be redeveloped into a decoration hub for Lesso Home, which was originally scheduled to open in the fall of 2018, but has been delayed. A few retailers, The Cheesecake Factory , Dave & Buster's , and a Fortunoff outdoor furniture and jewelry store remain open during renovations. Roosevelt Raceway bought

304-607: A total of $ 2.3 billion. Several months later, Simon made a $ 4.5 billion bid for Capital Shopping Centres Group plc in December. However, the offer was rejected and withdrawn in January 2011. In September 2011, Simon acquired Southdale Center in Edina, Minnesota . In August 2013, Toronto Premium Outlets opened in Halton Hills , Ontario , Canada. In October 2014, Premium Outlets Montreal ,

342-434: Is a chain of large format/footprint Italian marketplaces ( food halls ) comprising a variety of restaurants, food and beverage counters, bakery, retail items, and a cooking school. Eataly was founded by Oscar Farinetti , an entrepreneur formerly involved in the consumer electronics business, and collaborates with Slow Food . In January 2007, Italian businessman Oscar Farinetti opened the first location of Eataly, converting

380-681: Is an American real estate investment trust that invests in shopping malls , outlet centers , and community/ lifestyle centers . It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana . Worldwide, it owns interests in 232 properties as of 2021. Simon Property Group dates to 1960, when brothers Melvin Simon and Herbert Simon began developing strip malls in Indianapolis, Indiana. In December 1993, they took their interests public as Simon Property Group in

418-582: Is expected to open in 2025 at the Eaton Centre . The name Eataly was coined by Celestino Ciocca, a brand strategy consultant who has worked for Texas Instruments as well as Ernst & Young . He first registered Eataly as a domain name on February 23, 2000, and as a trademark in June 2000. Ciocca sold (by his family company) all his rights to the name to Natale Farinetti on February 3, 2004, by public deed repertorio n° 96538 – raccolta n° 11510 . Other than

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456-824: Is the upper tip of the L, a long hall that includes the Food Court and the former Saks Off 5th. The 1st floor has a Dave & Buster's , the only tenant left in the court. It also contained the former Circuit City . Like the Off 5th Saks Court, the Fortunoff Court is a long hall, ending with the former Fortunoff. It also has the 2nd floor entrance to the former Ayhan's Shish Kebab and The Cheesecake Factory . The court also used to contain Gymboree Play & Music , Famous Footwear , Golf Galaxy , and Men's Wearhouse & Tux . Simon Property Group Simon Property Group, Inc.

494-612: The COVID-19 pandemic . At the time, it was the largest mall owner in the United States. In August 2020, the company discussed repurposing large stores into warehouses and fulfillment centers for Amazon . Also in August 2020, in partnership with Authentic Brands, the company acquired Brooks Brothers and Lucky Brand Jeans . In December 2020, the company acquired Taubman Centers for $ 3.4 billion. It also acquired J.C. Penney in partnership with Brookfield Asset Management . In April 2022, it

532-758: The Italy-USA Foundation in 2013. On December 16, 2014, Eataly opened the first store at Zorlu Center in Istanbul. On May 19, 2015, Eataly opened its first store in the southern hemisphere in São Paulo . On November 26, 2015, Eataly opened in Munich , making it the first location in Germany . 2016 saw Andrea Guerra become CEO of Eataly. Guerra previously served as the CEO of eyewear giant Luxottica from 2004 to 2014. In June 2016, it

570-500: The Mills Corporation . Two years later, Simon tried to buy malls owned by General Growth Properties . In February 2010, Simon placed a bid acquire General Growth, which was in bankruptcy protection. However, the bid was rejected by GGP. A GGP shareholder filed suit (Young v. Bucksbaum) against the company's board of directors for rejecting Simon's bid, alleging breach of fiduciary duty. In April 2010, Simon offered to make

608-592: The company acquired 12 malls from IBM 's pension plan for $ 974.5 million. One year after these acquisitions, the company acquired Corporate Property Investors and was renamed Simon Property Group. The company also acquired an ownership interest in Groupe BEG, S.A., operator of shopping centers in Europe. In 1999, the company acquired 14 shopping centers from New England Development for $ 725 million. In 2002, in partnership with Westfield Group and The Rouse Company ,

646-488: The company acquired 13 properties from Rodamco North America including Copley Place , Houston Galleria , and SouthPark Mall . In the following year, Simon acquired a majority interest The Kravco Company, owner of the King of Prussia , for $ 300 million. The company entered the outlet mall business in 2004 with the acquisition of Chelsea Property Group Inc. for $ 3.5 billion. In April 2007, Simon and Farallon Capital acquired

684-480: The company offered $ 23.3 billion for Macerich ; however the offer was rejected and withdrawn in April 2015. In September 2016, in partnership with Authentic Brands Group and GGP Inc. , the company acquired Aéropostale . In February 2020, in partnership with Authentic Brands Group, the company acquired Forever 21 . On March 18, 2020, the company announced the closure of its U.S. shopping malls until March 29, due to

722-590: The current boundary of Transverse Drive from Roosevelt Raceway in the early 1980s. In the late 1980s, Alan Fortunoff planned to construct the Long Island Galleria shopping mall, one comparable to the size of the massive Roosevelt Field Mall a few miles away but with different stores. It was to be built by the Westfield Group and include Neiman Marcus and Nordstrom as anchor stores. Community pressure over congestion concerns forced Fortunoff to scale back

760-470: The future of the mall uncertain. On August 28, an auction was held, but was unsuccessful in attracting buyers. Lenders then took ownership of the mall, and Newmark Grubb Knight Frank was hired for management. In 2013, a Lord & Taylor outlet store and the Jewelry Emporium and Mall opened in the former Nordstrom Rack and Off 5th, respectively. However, these stores failed to increase foot traffic at

798-538: The interior stores. The Center Court is the main entrance and includes a carousel and train. Some of the stores in the Center Court included P. F. Chang's China Bistro and Lord & Taylor Outlet . The center court is also where Steve and Barry's was; in its place is a Fortunoff Backyard Store. Nordstrom Rack , Old Navy , and Saks Fifth Avenue Off 5th relocated to the neighboring Gallery at Westbury Plaza. The carousel has since been removed. The Off 5th Saks court

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836-419: The largest initial public offering of a real estate investment trust to date. Simon Property merged with the newly public DeBartolo Realty Corporation, owner of the real estate assets of Edward J. DeBartolo Sr. , in 1996 to form Simon DeBartolo Group. In the following year, the company acquired The Retail Property Trust for $ 1.2 billion in a hostile takeover . Also in 1997, in partnership with Macerich ,

874-483: The long-ailing retail center as a home-furnishings marketplace for design professionals, contractors and retail buyers—with a big food and entertainment component for local shoppers. The Mall at the Source had two floors and is shaped like an L. Because of this, the mall had separate "courts", named after the stores that anchor it (except for Center Court). Each anchor store had its own public entrance but not all have mall entrances; these stores tend to stay open later than

912-480: The majority of its clientele were black. In 2011, the company was sued for allegedly firing a woman because she was pregnant. In the same year, the company agreed to pay $ 125,000 to settle allegations by the Equal Employment Opportunity Commission that Latino janitors working for the company were subjected to daily verbal attacks because of their national origin. Eataly Eataly

950-502: The mall for $ 92 million. On October 21, 2017, it was announced that the Mall at the Source would be redeveloped into a Decor Hub for Lesso Home; redevelopment had been originally scheduled to be completed by the fall of 2018, but has since been delayed. It will include showrooms for many manufactures for home furnishings, decor, walkable markets, etc. The format will be much similar to the Italy-based Eataly . The firm aims to recast

988-546: The mall, and the vacancy rate continued to increase. In 2014, Dick's Sporting Goods closed a substantial portion of its Golf Galaxy stores, including its store in the Mall at the Source. David's Bridal moved to the nearby Roosevelt Raceway Shopping Center in June 2015, leaving the Fortunoff court almost completely vacant. In May 2017, Lesso Mall Development Long Island Inc. (a subsidiary of the Hong Kong listed LESSO Group) purchased

1026-478: The mall. Simon Property Group and unnamed co-owners of the Mall at the Source defaulted on a $ 124 million balloon interest-only mortgage in March 2009. It was purchased by a European pension fund in August 2012 and auctioned. In November 2016, it was announced that the Mall at the Source would be sold and could be demolished to make way for a new mixed use development. In May 2017, Lesso Mall Development Long Island Inc. –

1064-508: The obvious portmanteau of 'Eat' and 'Italy', the 'aly' part of the name is suggestive of an alley, with many food stalls. Mario Batali , previously a minority owner and founder of Eataly, is now no longer attached to the company following his sexual misconduct allegations. Eataly pulled all products bearing his likeness two days after the allegations surfaced in 2017. Americas Asia-Pacific Europe The Eataly store in Las Vegas ' Park MGM

1102-465: The property when it expanded the harness-racing track in the 1940s for additional parking. In the early 1960s, Ohrbach's constructed a department store on leased land at north-east corner of the raceway's property. Fortunoff built its store several years later in 1964, as they followed their customers east from the original Fortunoff location in Brooklyn. Alan Fortunoff bought the entire property north of

1140-824: The second in Canada, opened. In May 2018, Premium Outlet Collection YEG opened at Edmonton International Airport . In May 2014, the company completed the corporate spin-off of Washington Prime Group , headed by Mark Ordan, the final CEO of Mills Corporation . In January 2015, Washington Prime Group acquired Glimcher Realty Trust and was renamed WP Glimcher . As part of the deal, Simon acquired Jersey Gardens in Elizabeth, New Jersey and University Park Village in Fort Worth, Texas , while WP Glimcher acquired Brunswick Square in East Brunswick, New Jersey from Simon. Two months later,

1178-427: The size and scope of the mall. Roughly half of the property was sold to Price Club (now Costco ), which developed their portion to include a Kmart (now Walmart ). The mall was instead built by Simon Property Group , and they continued to manage and co-own the mall until August 2012. The mall was also the first on Long Island to house clothing chains H&M , Old Navy , Nordstrom Rack , and Saks Off 5th . It

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1216-754: Was Nicola Farinetti, son of founder Oscar Farinetti. On November 13, 2019, Eataly opened a 50,000-square-foot store in Toronto , Canada in the Manulife Centre on Bloor Street. In September 2022, the UK investment firm Investindustrial VII LP became Eataly's owner by acquiring a majority 52% of its shares for 200 million euros. On November 2, 2023, Eataly opened its second Toronto location at Sherway Gardens shopping mall with 25,000 square feet of space. On May 30, 2024, it opened its third Toronto location at Shops at Don Mills with 9,800 square feet. A fourth Toronto location

1254-659: Was also added to MSC Divina. On December 2, 2013, Eataly opened a new location at 43 E. Ohio St. in Chicago, on a 63,000-square-foot retail space, making it the largest Eataly in the US. The cost of the Chicago venture is estimated at $ 20 million. On March 18, 2014, Eataly opened its big 5,000 sqm store in Piazza XXV Aprile in Milan. The founder Oscar Farinetti received the America Award of

1292-415: Was also the first to house restaurants including The Cheesecake Factory , Dave & Buster's , P.F. Chang's China Bistro , and Rainforest Cafe (closed on October 19, 2000). The Mall at the Source is also adjacent to many other shopping complexes and restaurants. 2009 saw the shuttering of all three anchor stores — Fortunoff, Steve & Barry's, and Circuit City — crippling foot traffic and resulting in

1330-587: Was announced that Simon and Brookfield are set to offer to buy Kohl's . Simon purchased a 50% stake in Jamestown , a real estate developer, in October 2022. In 2007, the company was sued for banning the use of Segways , which the plaintiff claimed was in violation of the Americans with Disabilities Act . In 2009, the company was sued by a nightclub for racial discrimination for allegedly blocking its main entrance since

1368-684: Was announced that an Eataly location would open in 2018 at the Park MGM casino in Las Vegas (formerly the Monte Carlo). Eataly will fill approximately 40,000 square feet on the southern edge of the resort and The Park-facing side will become the main pedestrian entrance into the Park MGM casino. In July 2016, Eataly announced a Downtown Manhattan location at the World Trade Center . In November 2016,

1406-480: Was established in the Toy Center Building near Madison Square Park . It is over 50,000 square feet (4,600 m ) in size, and opened with a large amount of press coverage on August 31, 2010. Mayor Michael Bloomberg attended the opening, praising Eataly for creating 300 new jobs. Two weeks after opening, there were still lines extending down Fifth Avenue to get into the store. The New York Eataly

1444-662: Was originally planned for a smaller space near Rockefeller Center . The chain has additional locations in Italy and a few in Tokyo . In 2012 Eataly opened in Rome its largest megastore, in the abandoned Air Terminal building near Ostiense Station . There is an Eataly at Rome's Fiumicino airport, and in the Porto Antico area in Genoa . In January 2013, Eataly announced a partnership with MSC Cruises to open two restaurants on MSC Preziosa. Eataly

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