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Paramus Park
Paramus Park is a shopping mall located in Paramus, New Jersey, United States. It opened in 1974, is owned by Brookfield Properties, and has a gross leasable area (GLA) of 770,941 sq ft (71,622.8 m2).
Paramus Park is located on a plot of land between the northbound lanes of Route 17 and the southbound lanes of the Garden State Parkway, approximately 2 miles (3.2 km) from the interchanges of both highways with Route 4. It is accessible from the northbound Garden State Parkway at exit 163 and at exit 165 in both directions. An entrance to the southbound lanes is located in the mall's rear parking lot. Access off of NJ 17 is available on two access roads. The Sears Drive entrance is only available from the northbound lanes but southbound drivers are able to access A&S Drive via an exit and an overpass constructed specifically for the mall.[citation needed]
At 767,000 square feet (71,300 m2) and with about 100 stores, Paramus Park, compared to the larger Garden State Plaza (which is three times its size), is a more regional, destination-oriented mall, with a higher-than-average sales per square foot, estimated by industry experts to be between $400 and $500 per square foot ($4,300 and $5,400/m2) or more. In addition to attracting upscale shoppers and tenants, its smaller stores, lower congestion and location along the Garden State Parkway in an affluent area attracted shoppers responding to the Great Recession of 2007-2009, according to a 2011 NorthJersey.com report. By 2016, estimates were that the mall had tenants for 97 percent of the stores and was bringing in $430 per square foot ($4,600/m2) in sales.
The four major malls in the borough—Garden State Plaza (opened in 1957), Bergen Town Center (also 1957), Fashion Center (opened in 1967) and Paramus Park—account for a major portion of the $6 billion in annual retail sales generated in Paramus, more than any other ZIP Code in the United States. Paramus Park gets 6 million visitors annually to its 107 stores. Located in Bergen County, the mall is subject both to the state Blue laws that apply to the entire county by referendum and the borough's stricter ordinance, which require them to be closed on Sundays. Stew Leonard's, Club Pilates, Atlantic Health System Urgent Care and Glitter and Glam Spa are the only businesses open on Sundays.
Paramus Park was initially one of three enclosed malls in Paramus at the time of its construction. The Fashion Center, which is located near Paramus Park along Route 17, was the first built specifically as a strictly-indoor facility and opened in 1967. The Bergen Mall, located on Route 4 and built in 1957, became the second when the former outdoor mall was enclosed in 1973. (At the time Garden State Plaza, built in 1957, was still an outdoor mall; it completed its conversion to an enclosed mall in 1984.) Paramus Park remains one of three indoor malls in Paramus; the Fashion Center and The Shoppes on IV, the latter constructed after Paramus Park was built, were converted into outdoor shopping plazas.
The genesis of the mall dates back to efforts by A&S in mid-1966 to identify a site for a location in Bergen County. From 1969 to 1971, Federated Department Stores and The Rouse Company, which had been selected to develop the mall, acquired land for the mall itself, as well as to create a bridge connecting the site to Route 17.
The mall opened on March 14, 1974, with a 300,000 sq ft (28,000 m2) Abraham & Straus (since turned into a Macy's store) and Sears (which did not open until August) as anchors and space for 120 specialty stores. The Paramus High School Marching Band played at the grand opening. The mall's second-floor food court was an innovation, and is now credited as the first successful shopping mall food court. A Fortunoff opened at the store in 1977.
The mall is shaped as a four-legged zigzag, with an anchor store at each end and the mezzanine-level food court encircling an atrium which featured 6,000 US gallons (23,000 L; 5,000 imp gal) of water flowing each minute over a 30-foot (9.1 m) terraced waterfall surrounded by vegetation and punctuated by a pair of escalators; claimed to be the nation's second largest, tens of thousands of coins were tossed into the artificial waterfall, with nearly $3,500 collected in the mall's first year. In its first 25 years, some 12 million coins had been collected from the waterfall, with an average of $400 per month donated from the proceeds to charitable organizations in the area.
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Paramus Park
Paramus Park is a shopping mall located in Paramus, New Jersey, United States. It opened in 1974, is owned by Brookfield Properties, and has a gross leasable area (GLA) of 770,941 sq ft (71,622.8 m2).
Paramus Park is located on a plot of land between the northbound lanes of Route 17 and the southbound lanes of the Garden State Parkway, approximately 2 miles (3.2 km) from the interchanges of both highways with Route 4. It is accessible from the northbound Garden State Parkway at exit 163 and at exit 165 in both directions. An entrance to the southbound lanes is located in the mall's rear parking lot. Access off of NJ 17 is available on two access roads. The Sears Drive entrance is only available from the northbound lanes but southbound drivers are able to access A&S Drive via an exit and an overpass constructed specifically for the mall.[citation needed]
At 767,000 square feet (71,300 m2) and with about 100 stores, Paramus Park, compared to the larger Garden State Plaza (which is three times its size), is a more regional, destination-oriented mall, with a higher-than-average sales per square foot, estimated by industry experts to be between $400 and $500 per square foot ($4,300 and $5,400/m2) or more. In addition to attracting upscale shoppers and tenants, its smaller stores, lower congestion and location along the Garden State Parkway in an affluent area attracted shoppers responding to the Great Recession of 2007-2009, according to a 2011 NorthJersey.com report. By 2016, estimates were that the mall had tenants for 97 percent of the stores and was bringing in $430 per square foot ($4,600/m2) in sales.
The four major malls in the borough—Garden State Plaza (opened in 1957), Bergen Town Center (also 1957), Fashion Center (opened in 1967) and Paramus Park—account for a major portion of the $6 billion in annual retail sales generated in Paramus, more than any other ZIP Code in the United States. Paramus Park gets 6 million visitors annually to its 107 stores. Located in Bergen County, the mall is subject both to the state Blue laws that apply to the entire county by referendum and the borough's stricter ordinance, which require them to be closed on Sundays. Stew Leonard's, Club Pilates, Atlantic Health System Urgent Care and Glitter and Glam Spa are the only businesses open on Sundays.
Paramus Park was initially one of three enclosed malls in Paramus at the time of its construction. The Fashion Center, which is located near Paramus Park along Route 17, was the first built specifically as a strictly-indoor facility and opened in 1967. The Bergen Mall, located on Route 4 and built in 1957, became the second when the former outdoor mall was enclosed in 1973. (At the time Garden State Plaza, built in 1957, was still an outdoor mall; it completed its conversion to an enclosed mall in 1984.) Paramus Park remains one of three indoor malls in Paramus; the Fashion Center and The Shoppes on IV, the latter constructed after Paramus Park was built, were converted into outdoor shopping plazas.
The genesis of the mall dates back to efforts by A&S in mid-1966 to identify a site for a location in Bergen County. From 1969 to 1971, Federated Department Stores and The Rouse Company, which had been selected to develop the mall, acquired land for the mall itself, as well as to create a bridge connecting the site to Route 17.
The mall opened on March 14, 1974, with a 300,000 sq ft (28,000 m2) Abraham & Straus (since turned into a Macy's store) and Sears (which did not open until August) as anchors and space for 120 specialty stores. The Paramus High School Marching Band played at the grand opening. The mall's second-floor food court was an innovation, and is now credited as the first successful shopping mall food court. A Fortunoff opened at the store in 1977.
The mall is shaped as a four-legged zigzag, with an anchor store at each end and the mezzanine-level food court encircling an atrium which featured 6,000 US gallons (23,000 L; 5,000 imp gal) of water flowing each minute over a 30-foot (9.1 m) terraced waterfall surrounded by vegetation and punctuated by a pair of escalators; claimed to be the nation's second largest, tens of thousands of coins were tossed into the artificial waterfall, with nearly $3,500 collected in the mall's first year. In its first 25 years, some 12 million coins had been collected from the waterfall, with an average of $400 per month donated from the proceeds to charitable organizations in the area.