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Tuesday, October 9, 2018

Mall of Monroe on the market for $14.95M - The Blade
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The Mall of Monroe, formerly known as Frenchtown Square Mall, is an enclosed shopping mall in Frenchtown Charter Township, Michigan, just outside the city of Monroe, Michigan. Opened in 1988, the mall features more than thirty tenants, including a movie theater and Pat Catan's as its lone anchor store. The mall is managed by Cafaro Company of Youngstown, Ohio.


Video The Mall of Monroe



History

Frenchtown Square Mall opened in 1988 on M-125 (Monroe Street) north of Monroe, in Frenchtown Charter Township. Its original anchor stores included the first Phar-Mor discount pharmacy in Michigan, as well as JCPenney, Sears, Hills, and Elder-Beerman. Hills closed in 1993 and was replaced with Target, while the closure of Phar-Mor in 1995 made way for an Elder-Beerman home store, as well as an OfficeMax which did not open out into the mall. Old Navy was eventually added as well.

OfficeMax closed in the early 2000s. JCPenney closed in 2004 and was replaced two years later by Steve & Barry's. The mall's Regal Cinemas movie theater complex was closed in August 2007, but re-opened three months later under the management of Phoenix Theatres. Steve & Barry's closed in late 2008, as did Old Navy. Sears announced the closure of the Mall of Monroe store in late 2011.

Cafaro announced $2 million renovation plans for the mall in 2009. Among the renovation plans, the former Old Navy was replaced with a clothing store called Wear District, and the mall was renamed The Mall of Monroe. Also, both Elder-Beerman stores were re-branded as Carson's. rue21 and an expo center opened in 2013, the latter replacing the former JCPenney/Steve & Barry's. Planet Fitness replaced the vacant OfficeMax in 2014. The expo center was closed in 2014 and replaced with a Pat Catan's craft store, which moved from an existing location in Monroe. Target announced in late 2014 that it would close the Mall of Monroe store in early 2015. For the Halloween season, Spirit Halloween took up the former Sears and Halloween City took up the former Target. In late 2015, Family & Friends Funland opened in the former Old Navy. In 2016, Phoenix Theatres added 4 screens, eliminating the food court.

Bon-Ton announced on April 17, 2018 that they will be closing doors and begin liquidating all 267 stores after two liquidators, Great American Group and Tiger Capital Group, won an auction for the company. The bid was estimated to be worth $775.5 million. This includes all remaining Carson's stores after 164 years of operation. According to national retail reporter Mitch Nolen, stores will close within 10 to 12 weeks which will leave The Mall of Monroe with Pat Catan's as the only anchor left.


Maps The Mall of Monroe



Frenchtown Square Partnership v. Lemstone, Inc.

In 2003, the mall partnership sued Lemstone Books, a Christian bookstore chain, which had closed its store at the mall six months before the termination of its lease. In those six months, the chain did not pay rent. Lemstone had also claimed that another gift store in the mall had caused declining sales at the Frenchtown Square store.


The Mall of Monroe Balloon Drop - YouTube
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References


Kyle Kubik on Twitter:
src: pbs.twimg.com


External links

  • Official website

Source of article : Wikipedia