History
The mall was originally developed by General Growth Properties, opening in 1982. The original anchors were Lazarus, J.C. Penney, Ben Snyder's, and deJong's. General Growth sold the mall as part of a larger portfolio of 19 center to a passive institutional investor, Equitable Life Assurance Society in 1984. General Growth retained the management agreement for over the next decade.
Snyder's was acquired by Hess's in 1987 and assumed the Hess's nameplate in 1988. Hess's ran into financial difficulties a few years later, shuttering this store in 1993. The Famous-Barr division of May Company bought the closed anchor, demolished it and opened a new store on the same site in 1996. After the mall was acquired by a partnership of Simon Property Group and Macerich in 1998, it was expanded to provide a larger food court area. Simon assumed management at this time. In 2005 the vacant deJong's location was converted into various specialty stores.
Lazarus briefly adopted the Lazarus-Macy's moniker in 2003 before dropping the legacy Lazarus name in early 2005, becoming simply Macy's. After the Federated and May Company department store merger in 2005, the Famous-Barr site was closed in 2006 and sold to Dillard's. The latest center mall anchor renovated and opened in 2007. In late 2011 Simon and Macerich terminated their decade plus long multi-state partnership and distributed the remaining 11 properties, with Macerich receiving Eastland Mall and assuming management rights in January 2012.
Read more about this topic: Eastland Mall (Evansville, Indiana)
Famous quotes containing the word history:
“Both place and time were changed, and I dwelt nearer to those parts of the universe and to those eras in history which had most attracted me.”
—Henry David Thoreau (1817–1862)
“A great proportion of the inhabitants of the Cape are always thus abroad about their teaming on some ocean highway or other, and the history of one of their ordinary trips would cast the Argonautic expedition into the shade.”
—Henry David Thoreau (1817–1862)
“... the history of the race, from infancy through its stages of barbarism, heathenism, civilization, and Christianity, is a process of suffering, as the lower principles of humanity are gradually subjected to the higher.”
—Catherine E. Beecher (1800–1878)