This page uses content from Wikipedia and is licensed under CC BY-SA.

Rego Center

Rego Center
Rego center phase I-1.jpg
Rego Center Phase 1
LocationRego Park, Queens
Coordinates40°43′59″N 73°51′47″W / 40.73306°N 73.86306°W / 40.73306; -73.86306
Address96-05 Queens Boulevard, Queens, NY 11374
Opening dateMarch 3, 2010; 9 years ago (2010-03-03)
DeveloperVornado Realty Trust
ManagementUrban Edge Properties
OwnerVornado Realty Trust
ArchitectEhrenkrantz Eckstut & Kuhn Architects
No. of anchor tenants5
Total retail floor area270,000 square feet (25,000 m2) (Phase I)
950,000 square feet (88,000 m2) (Phase II)
No. of floors4
Parking1400[1]
Public transit accessNew York City Subway: 63rd Drive–Rego Park "M" train"R" train
New York City Bus: Q59
MTA Bus: Q38, Q60, Q72
WebsiteRego Center

Rego Center is a shopping mall bordered by Long Island Expressway, Junction Boulevard, Queens Boulevard, 63rd Drive, and 99th Street in Rego Park, Queens, New York. The mall was built on the grounds of the former "Fairyland" amusement park.

History

Phase 2

The property was originally Alexander's, a New York City department store. Caldor had bought up the location and was in the processes of opening their store in the fall of 1995 but those plans were stalled when the chain filed for bankruptcy that year. [2]

Phase II of the mall, which is an annex to the already open Phase I, opened on March 3, 2010[3] with 950,000 square feet (88,000 m2) of retail space.[4] Costco with 145,000 square feet (13,500 m2), Century 21 with 135,000 square feet (12,500 m2), and T.J. Maxx have opened.[5] Retailers also include Bed Bath and Beyond, IKEA (coming soon), Marshalls, Old Navy and Burlington Coat Factory in Phase I.[4] An Aldi supermarket also opened on level 1 in February 2011.[6][7] The nearest competitor malls are Queens Center and Queens Place Mall.

As of February 2015, Vornado Realty Trust, the mall's owner, is developing a 24-story, 314-unit residential tower named The Alexander on top of the mall's phase II, due to a surge in young professionals moving into the area. About 20% of the units are studio apartments, with the rest being one- and two-bedroom apartments.[8]

On January 4, 2017, it was announced that Sears would be closing as part of a plan to close 150 stores nationwide. The store closed in April 2017.[9] A year later, in March 2018, Toys "R" Us announced that it would close all of its US stores, including the location at Rego Center.[10]. The site was then occupied by a toy store called Toy City, operated by Party City.

In January 2019, Kohl’s announced that its store at Rego Center would be closing along with 3 other stores nationwide. The store closed on April 13, 2019.

In September 2019, Ikea announced plans to convert the former Sears into its third New York City location.[11]

Withdrawals

The Home Depot withdrew from the rental deal with Vornado in late 2008 due to drop in profit.[12] The space vacated by Home Depot was replaced by Costco. This is Costco's fifth location in New York City and second in Queens.

In 2005, Walmart had been dropped as a potential tenant, as an early part of its bid to open a store within New York City. Opposition by various groups killed the plan.[13]

Layout

The following layout of retail space is taken from Vornado's Property website.[14]

References

  1. ^ Gustafson, Anna (December 17, 2009). "Rego Center spurs worries - NYPOST.com". New York Post. Retrieved October 7, 2010.
  2. ^ SERANT, CLAIRE. "CALDOR BANKRUPTCY JITTERS". nydailynews.com.
  3. ^ Kadinsky, Sergey (March 4, 2010). "Rego Center II anchors open to fanfare". Queens Chronicle. Retrieved March 15, 2010.[permanent dead link]
  4. ^ a b Vornado Realty Trust, Rego Center, NY-Vornado Retail, archived from the original on July 9, 2011, retrieved March 15, 2010
  5. ^ "Bank of China Lends $253M to Vornado REIT to Refi Rego Park Mall in Queens". Commercial Observer. December 28, 2018.
  6. ^ "Aldi opens first outlet in NYC - News - Inside This Issue - Mass Market Retailers :: The Global Newspaper For Supermarket, Drug, Discount Chains". Mass Market Retailers. March 7, 2011. Archived from the original on March 21, 2012. Retrieved August 13, 2011.
  7. ^ By Lisa Fickenscher (May 26, 2010). "Grocer Aldi heads to Rego Park shopping center | Crain's New York Business". Crainsnewyork.com. Retrieved August 13, 2011.
  8. ^ Laterman, Kaya (February 5, 2015). "New Residences, Proposed QueensWay Advance in Rego Park, Queens". Wall Street Journal. Retrieved August 18, 2015.
  9. ^ "Sears To Close Rego Park Location Amid Falling Sales". DNAinfo New York. Archived from the original on January 12, 2019. Retrieved January 12, 2019.
  10. ^ Pozarycki, Robert (March 12, 2018). "Reported bankruptcy demise would spell the end of Toys R Us and its six remaining Queens stores". QNS.com. Retrieved January 16, 2019.
  11. ^ "Next Stop For IKEA… Queens, NY". Yahoo Finance. September 24, 2019.
  12. ^ Fogarty, Lisa (April 16, 2009). "Retailer Reconsidering Rego Park Mall Site". Queens Tribune. Archived from the original on April 8, 2010. Retrieved March 15, 2010.
  13. ^ Greenhouse, Steven (February 24, 2005). "Wal-Mart Drops Plans for Its First Store in New York City". The New York Times.
  14. ^ Official website

External links