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Greenleaf at Cheltenham

From Wikipedia - Reading time: 7 min
Greenleaf at Cheltenham
Former Cheltenham Mall, looking Northeast
Map
LocationCheltenham Township, Pennsylvania, U.S.
Coordinates40°04′21″N 75°09′15″W / 40.072398°N 75.154059°W / 40.072398; -75.154059
Address2385 Cheltenham Avenue
Philadelphia, PA 19150
Opening date1959 (as Cheltenham Square Mall)[1]
April 20, 2018 (as Greenleaf at Cheltenham)[2]
DeveloperEdward J. DeBartolo Corporation
ManagementMetro Commercial
OwnerMetro Commercial
No. of stores and services20
No. of anchor tenants4
Total retail floor area774,470 square feet (71,951 m2)[3]
No. of floors1
ParkingParking lot
Public transit accessBus transport SEPTA bus: 6, 16, 22, 80, H, XH
WebsiteGreenleaf at Cheltenham

Greenleaf at Cheltenham, formerly the Cheltenham Square Mall, is an outdoor shopping center and former enclosed shopping mall, which is situated on Cheltenham Avenue between Ogontz Avenue (PA 309) and Washington Lane on the border of Philadelphia and Cheltenham Township, Pennsylvania. It draws most of its customers from Northwest Philadelphia.

Greenleaf at Cheltenham is anchored by Target, ShopRite, Burlington, and The Home Depot and contains smaller stores and restaurants such as Marshalls, LA Fitness, Old Navy, Panda Express, Mad Rag, KicksUSA, Oak Street Health, and Chipotle Mexican Grill.[3]

History

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Cheltenham Square Mall, formerly the Cheltenham Shopping Center, opened in 1959[1] and was enclosed in 1981.[4] Developed by the Edward J. DeBartolo Corporation, it originally featured a Gimbels as the main anchor store. As part of the 1981 enclosure project, Clover was added as a second anchor.[5]

It had 634,052 sq ft (58,900 m2) of retail space. The mall was taken over by New York City based Thor Equities when Simon Property Group sold the mall in 2005 for $71.5 million.[4][6]

Gimbels was an original anchor and closed in 1986. The lower level of the store became a ShopRite grocery store in 1995, and the upper level was slated to become a Bradlees discount store a year later. However, Bradlees never opened due to bankruptcy, so their space instead became Burlington Coat Factory (now known as Burlington). Also in 1997, the Clover store closed and was replaced by Value City.[7]

In December 2005, Cheltenham Mall was acquired by Thor Equities for $71.5 million from Simon Property Group.[8] In 2009, Target replaced the United Artists Theatre and moved in as an anchor.[8]

In summer 2014, the mall was foreclosed and put up for sale. Sun Equity Partners purchased the mall for $30 million in January 2015.[6][9] The mall underwent renovations and opened new stores[10] as an outdoor shopping center starting in 2018. The property was renamed Greenleaf at Cheltenham after redevelopment.[3]

On April 20, 2018, a grand opening was held for the Greenleaf at Cheltenham shopping center.[2]

References

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  1. ^ a b "A road well traveled Chelthenham Avenue's two vintage shopping centers shake off the dust and reinvent themselves". Philadelphia Daily News. February 13, 1995. Retrieved May 4, 2011.
  2. ^ a b Staff (April 20, 2018). "Greenleaf at Cheltenham celebrates grand opening". MONTCO.Today. Retrieved November 20, 2018.
  3. ^ a b c "Greenleaf at Cheltenham". Metro Commercial. Archived from the original on February 3, 2021. Retrieved November 20, 2018.
  4. ^ a b Holcomb, Henry J. (November 23, 2005). "Cheltenham Square Mall acquired". The Philadelphia Inquirer. Archived from the original on February 24, 2014. Retrieved February 5, 2014.
  5. ^ Bridgett M. Davis (January 14, 1988). "Making over a shopping mall". The Philadelphia Inquirer. pp. 6B, 12B. Retrieved August 26, 2020.
  6. ^ a b Kostelini, Natalie (January 27, 2015). "Cheltenham Square Mall sells for $30M". Philadelphia Business Journal. Retrieved February 15, 2015.
  7. ^ Rose DeWolf (February 18, 1997). "Burlington Coats coming to Cheltenham". Philadelphia Daily News. p. 21. Retrieved August 26, 2020.
  8. ^ a b WRITER, Suzette Parmley, STAFF. "Cheltenham Mall tries radical reinvention: Opening up the roof". www.inquirer.com. Retrieved 2021-05-24.{{cite web}}: CS1 maint: multiple names: authors list (link)
  9. ^ "Natixis Originates $55M Redevelopment Loan for Philadelphia Retail Asset". Commercial Property Executive. 2017-07-11. Retrieved 2021-05-24.
  10. ^ Parks, Jessica. "'Warmer' look, new name for Cheltenham Mall". The Philadelphia Inquirer. Retrieved 2021-05-24.
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