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Newburgh Mall is a regional shopping center located on NY 300 in the Town of Newburgh, New York, near where Interstate 87 (the New York State Thruway) intersects with Interstate 84. It was opened in 1980 by Kravco property management (later Kravco Simon), which owns King of Prussia Mall outside Philadelphia. The mall has 46 stores.
Furniture store American Freight is set to close all of its 328 locations in dozens of states as a part of Chapter 11 bankruptcy proceedings by its parent company, Franchise Group Inc.
The first American Freight store was founded by Steve Belford in Lima, Ohio in 1994 as American Freight Furniture & Mattress. [21] By 2014, the company was operating 95 stores in 18 states, and October that year was acquired by an affiliate of private equity firm The Jordan Company of New York. [22]
On December 21, 1998, Levitz announced it would close 27 stores and lay off 25% of its workforce. The company downsized its warehouse system from 65 to 17 sites. [4] The furniture market underwent a prolonged nationwide downturn after the September 11 attacks, and was hurt again in late 2007 by the 2007 subprime mortgage financial crisis. [5]
The Montgomery–Grand–Liberty Streets historic district was the first of two to be designated in the city of Newburgh, New York, United States.It runs along the three named north-south streets in the northeast quadrant of the city and includes 250 buildings in its 1,010 acres (4.1 km 2).
Located 60 miles (97 km) north of New York City, and 90 miles (140 km) south of Albany on the Hudson River within the Hudson Valley Area, the city of Newburgh is located near Stewart International Airport, one of the primary airports for Downstate New York. The Newburgh area was first settled in the early 18th century by the Germans and British.
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