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In November 2001, the mall was renamed Phoenix Spectrum Mall, [4] and Grossman Company Properties began a $10 million renovation project. The mall changed its focus to discount stores, starting with the demolition of The Broadway and replacement by Walmart (originally built as a discount store, later expanded into a Supercenter) in 1994. [5]
Downtown Phoenix at night. Over twenty-five high-rise buildings ranging up to 40 stories tall pierce the skyline. Three of the five tallest skyscrapers in the state of Arizona are in Downtown Phoenix. Chase Tower, at 40 stories and a height of 483 feet (147 m), is the tallest. U.S. Bank Center's 31 floors and 407 feet (124 m) tall is number two.
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Metrocenter was a regional enclosed shopping mall in northwest Phoenix, Arizona.It was bounded by Interstate 17, 31st, Dunlap and Peoria Avenues.Before its closure, the three most recently open anchor stores were Harkins Theatres, Walmart Supercenter, and Dillard's Clearance Center; three additional vacant anchor stores included former Sears, JCPenney, and Macy's locations.
Arizona Center was designed by The Rouse Company (on its festival marketplace model, which worked to great success in other cities) and opened in the fall of 1990 to great fanfare and high expectations, as it was considered one of the original components of the ongoing downtown revitalization efforts in Phoenix taking place since the early 1990s.
In 1976, Boston Store built a newer and larger store in the mall; their previous location was sold to J. C. Penney, which relocated from a smaller store in downtown Glendale. [8] The mall continued to hold its own for 20 years, even as new shopping options including Metrocenter and Westridge Mall opened on the west side.
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By 1988, Wal-Mart was the most profitable retailer in the United States, [7] though it did not outsell K-Mart and Sears in terms of value of items purchased until late 1990 or early 1991. By 1988, Walmart was operating in 27 states, having expanded into Arizona, Michigan, Ohio, West Virginia, New Jersey, and Wyoming.
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