Broadway Mall is a regional shopping mall located on Long Island in Hicksville, New York with a rich and significant history from Presidential candidate visits to history making a first in the retail industry. Originally an open-air shopping center named Mid-Island Shopping Plaza, Broadway Mall is conveniently located with central and easy access to the three major east and west express routes traversing Long Island; Long Island Expressway/I-495 (6-minute north), Northern State Parkway (6-minute north), and Southern State Parkway (11-minute south). Broadway Mall is cinema central with the area only in-mall movie theater, Broadway 12 Multiplex Cinema, with state-of-the-art fully reclining luxury seating. Anchor stores include Macy's, Target, and IKEA.
The Mid Island Shopping Plaza held its Grand Opening on October 25, 1956 on the site of a former boy orphanage and a dairy and vegetable farm operated by the Catholic Church. It cost $40,000,000 to construct and was built to accommodate more than 40,000 shoppers daily. It opened just as the population of Nassau County, Long Island surged and the area became a major suburban population center. "Mid-Island" initially consisted of 10 buildings, including two supermarkets, and 8,000 parking spaces. An underground tunnel allowed trucks to make deliveries directly to mall shops. During atomic bomb drills in the 1950s and 1960s, the tunnel also was used for civilian defense."
On September 28, 1960, Vice President Richard Nixon, then running for President, made a stop at the Mid Island Shopping Plaza, where he gave a campaign speech. The first addition to the shopping center came in the way of the Fox Plaza North and South Cinerama, which was built as a freestanding structure at the north end of the mall. One of America's earliest "shopping mall" twin-plex theaters, it showed its first feature in May 1964. The shopping center was enclosed in 1968, renamed the Broadway Mall in 1989, renovated between 1987 and 1991, and completely redeveloped in 1995.
Gertz, a department store based then in downtown Jamaica Queens, and a unit of the then Allied Stores Corporation planned the center and built a 5-level store to anchor the facility. The Gertz store was reported to be the tallest suburban department store ever built. In the early 1980s, Gertz closed their downtown Jamaica store, and this location became its new flagship store, and the Gertz corporate staff was relocated to the 5th floor of the Broadway Mall location. In mid-1982, allied merged its Gertz division into its Paramus, New Jersey based Stern's division. All former Gertz locations were re-branded as Stern's in early 1983, and a regional corporate staff remained at the Broadway Mall store. The store was then rebranded as Macy's in 2001 when Federated Department Stores folded their Stern's Division.
In 1991, IKEA opened their second store in the New York Metropolitan Area at the mall (The Elizabeth, NJ store opened 1990). Until 2003, the store was not connected to the mall (although only about 20 feet separated the mall from the store). IKEA did, however, maintain a display in the center court where its mall entrance would eventually be. It is currently one of the only IKEA stores that is connected to a mall and has a mall entrance.
In 2005, Vornado Realty Trust purchased Broadway Mall, adding it to their portfolio of shopping centers across the country.
Broadway Mall boasts some of the most popular brands in retail, including H&M, Forever 21, Victoria Secret, Bath & Body Works, Old Navy, Panera Bread, and The Disney Store. In February 2014 Pacific Retail Capital Partners and KKR purchased Broadway Mall and its rich history continues.
Pacific Retail Capital Partners is a fully-integrated, entrepreneurial organization with an unparalleled depth of knowledge in all aspects of retail real estate. Its team of executives and strategic partners draw on decades of experience with major national shopping center owners to deliver top-tier service as an operating partner and provide efficient oversight of the company's own portfolio. Pacific Retail's broad-based talent is versed in multiple disciplines from investment and development, which enables the company to quickly assess market opportunities, to management and leasing which allows it to effectively control costs and maintain the quality of its properties. Based in Southern California, the company operates nationally with a particular emphasis on large regional malls.
Clifton Realty Management, founded by Bill Cappelletti and Steve Cassella, is a fully integrated retail real estate firm specializing in regional malls and lifestyle centers throughout the United States. The firm is an operating partner and leasing agent for Kohlberg Kravis Roberts (KKR) Retail Real Estate Investments, a New York based private equity firm. With over 50 years of combined experience with various major shopping center owners and REITS, Clifton Realty Management provides advisory and consulting, retail leasing, development and tenant coordination services. The firm is currently responsible for over 4 million square feet of retail space in Illinois and New York. To learn more, please visit us at: http://www.cliftonrm.com