Acquisition By Simon
The mall's largest renovation began in 1998, the same year that Simon acquired the mall, which currently owns 49.1% of it. An additional wing was built, extending through and beyond the shuttered Woolworth space. This expansion brought 40 new stores, as well as anchor stores Best Buy, Marshalls (which formerly had a store behind the mall) and a two-story Barnes & Noble (which formerly had a smaller store in the K-Mart plaza directly across the street). A larger food court, with over 10 vendors, seating for approximately 500 people, central cathedral skylight and a carousel, was also added at the time. Other projects included doubling the size of Sears (to nearly 140,000 square feet (13,000 m2) in total) and constructing a 12-screen, stadium seating cinema complex (the only one of its kind in Barnstable County). The old cinemas behind the mall were demolished for parking space.
In 2005, the May Department Store chain, which included Filene's, was acquired by Federated Department Stores, who owned Macy's. Consequently, in 2006, Federated converted the Filene's store into a Macy's women's/accessory store (in addition to their "main" store, the former Jordan Marsh). As a result, Cape Cod Mall is one the few malls to incorporate a second Macy's store following the acquisition of May Department Stores by Federated, enabling Macy's to offer approximately 225,000 square feet (21,000 m2) of total floor space, on par with many of the larger Macy's stores nationwide. The other malls to incorporate a second Macy's (following the closure of its Filene's (or Lord & Taylor) store) is Fox Run Mall in Newington, New Hampshire and Northshore Mall in Peabody, Massachusetts.
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