The Centre at Golden Ring

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Golden Ring Mall, formerly owned by Simon Properties, was a shopping mall located in Eastern Baltimore County, Maryland. It is located at Route 40 and Interstate 695, and opened in 1974 and would later face competition from White Marsh Mall, Hunt Valley Mall, and Eastpoint Mall. It has now been revitalised, and is known as The Centre at Golden Ring

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[edit] History

The Mall had three anchors: Hecht's (known as The Hecht Company at the time), Montgomery Ward, and Stewart's (a local Baltimore area Department Store). When they closed their doors in the early 80s, Caldor took over the lease space. Golden Ring's demise began in the early 1990s, when Hutzler's at White Marsh Mall closed. Hecht's opened a new location in White Marsh's former Hutzler's space in 1992. Later, due to lagging sales, the Hecht's at Golden Ring closed. In 2001, the other two remaining anchors, Caldor closed in 1999 and Montgomery Ward, filed for bankruptcy in 2000, and closing in 2001 leaving the mall anchorless. Simon closed the mall in late 2001.

In early 2002, Simon Properties sold the failing mall to Petrie Ventures Inc. and Heritage Development Co. of Chagrin Falls, Ohio, for $14 million[1].

[edit] The Centre at Golden Ring

The new owners brought by about the successful revitalisation of the mall, which has daily traffic estimated at 150,000 cars. In 2002, the two-level Golden Ring mall was demolished, and the space reconfigured. The site is now occupied by an open-air shopping center called "The Centre at Golden Ring"[2].

Retail space has been downsized from 700,000 square feet to 480,000 square feet (45,000 m²). New property agents were brought in to put together a good tenant roster, which offered products and services that better matched the demographics of the area[1]

Wal-Mart (157,500 sq ft.), Home Depot (138,000 sq ft.) and Sam's Club (131,500 sq ft.) now serve as anchors[3]. Leases for the final phase of the project were quickly signed with a variety of retailers and restaurants including Petco, Mattress Warehouse, GameStop and Panera Bread.

[edit] References

  1. ^ a b Revitalization of Golden Ring Mall predicted to be an economic, Chet Dembeck, The Daily Record, Oct 21, 2003
  2. ^ Southeast Snapshot, Baltimore Retail Market, Thomas Fidler Jr., Southeast Real Estate Business, December 2004
  3. ^ The Centre at Golden Ring Petrie Ross Property Ventures, Accessed April 27, 2007

[edit] Links


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Shopping Malls in Maryland
Indoor malls
Annapolis Mall • Arundel Mills • Beltway Plaza Mall • Centre at Salisbury • City Place Mall • Country Club Mall • Eastpoint Mall • Francis Scott Key Mall • Frederick Towne Mall • The Gallery • Harborplace • Harford Mall • Iverson Mall • Lakeforest Mall • Laurel Mall • The Mall in Columbia • The Mall at Prince George's • Marley Station • Mondawmin Mall • Owings Mills Mall • Reisterstown Road Plaza • Savage Mill • Security Square Mall • The Shops at Kenilworth • TownMall of Westminster • Valley Mall • Westfield Montgomery • Wheaton Plaza • White Flint Mall • White Marsh Mall
Outlet malls
Arundel Mills • Ocean City Factory Outlet • Prime Outlets Hagerstown • Prime Outlets Queenstown
Town centers
Bethesda Row • The Boulevard at the Capital Centre • Bowie Town Center • The Centre at Forestville • The Centre at Hagerstown • Hunt Valley Town Centre • Kentlands Square Shopping Center • St. Charles Towne Center • Towson Town Center • White Marsh Town Center
Defunct malls
Chatham Mall • Golden Ring Mall • Harundale Mall • Hunt Valley Mall • Jumpers Hole Mall • Landover Mall • Parole Plaza • Rockville Mall • Salisbury Mall • Severna Park Mall • Tollgate Mall • Westview Mall