Inlet Square Mall is a 434,482 square feet (40,364.7 m2) single-level regional shopping center in Murrells Inlet, South Carolina, United States. Its anchor stores include Belk, Bath & Body Works, Planet Fitness, and Books-A-Million, with three vacant anchors last occupied by Kmart, JCPenney, and Stein Mart.
After the opening of a Walmart Supercenter in nearby Garden City, Kmart closed in late April 2014. On January 7, 2015, it was announced that the one of the mall's two main anchor stores, JCPenney, would be closing in March of that year. A Planet Fitness opened in place of the former Ladies Choice fitness center in May 2015. The mall's Stein Mart location closed in September 2015 to relocate it to the South Strand Commons shopping center in Myrtle Beach, which opened in October 2015.
Video Inlet Square Mall
History
Inlet Square was built in 1980 by CBL Properties. It was the area's largest mall, slightly larger than the now demolished Myrtle Square Mall. It held the title of the Grand Strand's largest mall until 1986, when Myrtle Beach Mall was opened. Even still, Inlet Square proved to be quite profitable. The mall was bought in the early 2000s. It was originally going to be redesigned similarly to the successful Broadway at the Beach. With those plans falling through, a $4.5 million remodeling project began in 2007. This was te first renovation in the mall's history, and had been much needed since the massive 1,300,000 square foot Coastal Grand Mall opened in 2004. The renovations weren't complete until 2011 due to financial hardships and loss of foot traffic. During this time, the mall lost most of its long time tenants, including the 12-screen Regal Cinemas, in 2010. In 2011, Franks Cinebowl and Grill opened a new complex in the former Regal Cinemas, bringing new life to the mall. In 2014, the mall lost Kmart, which opened with the original mall in 1980, and also gained a Planet Fitness location in the former Ladies Choice location. In 2015, the mall was hit with two more tenant losses, with the closures of JC Penney and Stein Mart.This leaves Belk, Planet Fitness, Bath & Body Works, and Books-A-Million as the only anchor tenants left in the mall.
On October 13, 2013, it was reported that the owners of Inlet Square Mall, Murrells Retail Associates was suing Frank Theaters for failing to make lease payments on time on several occasions It was reported that the theater chain owes the mall $201,363 in unpaid rent and is asking a judge to accelerate nearly $24 million worth of payments which is due under a 20-year lease agreement that was signed in 2011. The Frank Theaters and CineBowl that was located in the Inlet Square closed suddenly at midnight on May 14, 2016 suddenly with no notice to the public after being business for five years in business
Maps Inlet Square Mall
Reconstruction
F + F Development began reconstruction on the mall in 2012 in an attempt to make it similar to the popular outdoor shopping center Broadway at the Beach. The construction caused F + F Development to go into bankruptcy, and Urban Retail Properties purchased the mall in late 2014.
Anchors
- Belk
- Bath & Body Works
- Books-A-Million
- Planet Fitness
Former anchors
- Big Kmart
- JCPenney
- Stein Mart
- Frank Theatres
References
External links
- Inlet Square Mall
- Deadmalls
Source of article : Wikipedia
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