![]() It was projected that in a total build-out scenario, the mall could support up to 15 anchors and 200 inline retailers. 1 10 It thrived with three anchors, 145 inline tenants, several themed restaurants and nightclubs, and two movie theatres, and boasted an occupancy rate of 93%. 4 20 The mall was rededicated as Cincinnati Mills on August 19, 2004. 2 3 4 10 21 The project was aided by $19 million in tax increment financing for two parking garages. In 2002, the Mills Corporation purchased the Malls at Forest Fair for $69.4 million and began a $70 million renovation project in February 2003. Wonderpark Family Fun Center, an indoor children’s amusement park, opened in September 2001. Saks Off Fifth signed open as an anchor outlet store in August 2000 followed by Burlington Coat Factory in October and Bass Pro Shops in November. 11 Not long after, Showcase Cinemas, a first-run multiplex movie theater, opened on the lower level in the food court, replacing the Time Out game arcade. Parisian closed its anchor store at the mall in June 1998. 11 Gator envisioned Forest Fair as a destination outlet mall 3 7 10 and pledged to invest $10 million into the shopping center over the next three years. 11įFM placed Malls at Forest Fair on the market in February 1995 which was acquired by Gator Forest Park Partners of Miami in 1996 for $18 million. By the end of the year, the occupancy rate had climbed to 75%, and the mall’s prospects seemed brighter. 13 The Festival at Forest Fair, a themed restaurant and bar district, opened in the former Bonwit Teller at the cost of $8 million in August 1993. Seeking to turn around its flagging fortunes, FFM rebranded the mall as Malls at Forest Fair in May 1992 as part of a $25 million project which included dividing the concourses into four retail themes centered around entertainment, fashion, lifestyle, and value. ![]() 11 Occupancy dropped to 56% because of uncertainty in the shopping center’s future. In January 1991, Hooker’s seven lenders took over the mall’s operation as FFM Limited Partnership. Bonwit Teller closed in October 1990, followed by B. Altman and Bonwit Teller, two retailers that Hooker had purchased in mid-1987, also filed for bankruptcy protection. Hooker sought bankruptcy protection in September, claiming debts of $1.7 billion. 11 By June, Forest Fair was put up for sale. Hooker was saddled with debt as construction costs that were estimated at $200 million came in at more than $250 million. Altman, Biggs, Bonwit Teller, Elder-Beerman, and Parisian as anchors and 200 stores. Combined, the new Forest Fair Mall featured 1½-million square feet with B. 11 Complications with leasing delayed the opening of the west “fashion” wing with upscale tenants until March 1989. Hooker in 1986, with the east wing of the mall opening in July 1988 with Bigg’s hypermarket and value-oriented inline tenants. ![]() Cincinnati Mall, formerly known as Forest Fair Mall and Cincinnati Mills, is an ailing shopping center in Fairfield, Ohio.įorest Fair Mall was constructed by L.J.
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