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After the closing and demolition of Columbus Square Mall in the early 2000s, Peachtree Mall is the only enclosed shopping center in the city. Peachtree Mall is one of two major shopping areas in Columbus, the other being Columbus Park Crossing. The mall's anchor stores are At Home, Dillard's, Macy’s, and JCPenney.
When the two anchor stores left in 1984 and 1995, the mall was unable to attract replacements. Management tried in 1995 to increase foot traffic. After Davison's/Macy's left the mall, that anchor building's upper floor was converted to a 16 screen movie theater, while the lower floor remained vacant except for a newly built stairwell leading ...
The International Council of Shopping Centers makes the presence of anchors one of the main defining characteristics of the two largest categories of centres, the regional center with 400,000 to 800,000 square feet (74,000 m 2) in gross leasable area, and the superregional center with more than 800,000 square feet (74,000 m 2) of space.
Columbus Park Crossing features a variety of national retailers, restaurants, and specialty local stories, as well as a movie theatre. Planning for the shopping center began in 2000, and required the Columbus City Council to rezone the land, which was then restricted to residential use, to allow commercial development.
The mall features five anchor stores, Saks Fifth Avenue, Von Maur, Macy's, JCPenney, and a combination of Dick's Sporting Goods/Public Lands, as well as an outdoor promenade which includes Dave & Buster's and Barnes & Noble. The mall is part of the much larger 1,200 acre POLARIS Centers of Commerce real estate development in northern Columbus.
The Mall was almost identical to Gwinnett Place Mall. The Macy's store was the first in Atlanta not to have originally been part of the Atlanta-based Davison's chain, which became Macy's during its opening. The largest mall in the state when it opened, a fourth anchor, Mervyn's, joined the mall later in 1986, along with another at Gwinnett ...
The mall was challenged by the openings of the Mall of Georgia in 1999 and Sugarloaf Mills in 2001, and lost a large part of its customer base. The mall also failed to attract any new anchor stores for several years. In 2008, Gwinnett Technical College opened an International Education Center in the mall, where students take foreign language ...
After JCPenney closed in October 2020, Belk became the only remaining anchor store. In early 2022, an Athens construction syndicate proposed a mixed-use development for the site of the mall, which would include more than 1,000 residential apartments and almost 100,000 square feet (9,300 m 2 ) of new retail and restaurant space. [ 11 ]