Colonie Center

Colonie Center is a shopping mall located in Roessleville, New York, a suburb of Albany, at the intersection of Central Avenue, Wolf Road, and Interstate 87. Opening in 1966, it was the first enclosed shopping mall in New York's Capital Region. The two-story mall has an area of about 1,300,000 square feet (120,000 m2) and 110 stores as well as a food court. Colonie Center was owned by Feldman Mall Properties until 2009, when it was sold to Heitman Value Partners.[2] In April 2013, Heitman sold the mall to KKR & Co. L.P., partnered with Colonie Pacific.[3] The mall anchors are Boscov's, Christmas Tree Shops, Macy's, Regal Cinemas, and Whole Foods Market. There's also a vacant spot last occupied by Sears, which closed in September 2017 with no current occupier of its former space. Another previous anchor included Steinbach. The L.L. Bean store in Colonie Center is the second busiest L.L. Bean store in the country, generating $12.4 million in annual sales. Outside of New York City, the Macy's store in Colonie Center is the highest revenue-producing Macy's store in the region with an annual revenue of $50 million. The Whole Foods Market generates $24.6 million in annual revenue.[4] The mall is located near the busiest intersection in the capitol region.[5]

Colonie Center
LocationRoessleville, New York, United States
Coordinates42°42′36″N 73°48′58″W
Opening dateNovember 1, 1966[1]
DeveloperHomart Development Company
OwnerKKR & Co. L.P.
Colonie Pacific
No. of stores and services110
No. of anchor tenants7 (6 open, 1 vacant)
Total retail floor area1,300,000 sq ft (120,000 m2)
No. of floors2 (3 in Boscov's, Macy's, and Regal Cinemas)
Public transit access CDTA bus: 1, 117, 125, 190, 355, 905
Websiteshopatcoloniecenter.com

In 2015, Sears Holdings spun off 235 of its properties, including the Sears at Colonie Center, into Seritage Growth Properties.[6] Portions of the former auto center became BJ's Restaurants and Ethan Allen.

On October 5, 2020, Cineworld announced it would close all Regal, Cineworld, and Picturehouse Cinemas locations in the US, UK, and Ireland indefinitely, beginning October 8.

See also

References
  1. "Grand Opening Set For Colonie Center". Schenectady Gazette. October 31, 1966. Retrieved March 11, 2010.
  2. "Feldman sells stake in Colonie Center for $4.1M". June 4, 2009.
  3. DeMasi, Michael (April 9, 2013). "Colonie Center sold to KKR global real estate investment firm". Albany Business Review. Retrieved October 30, 2013.
  4. Rulison, Larry (January 3, 2019). "Colonie Center is up for sale". www.timesunion.com. Retrieved January 4, 2019.
  5. "Busiest Intersections in Albany area". www.bizjournals.com. Albany Business Review. October 13, 2017. Retrieved January 4, 2019.
  6. "At Colonie Center | Seritage". seritage.com.
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