Kentucky Oaks Mall

Kentucky Oaks Mall is an enclosed super-regional shopping mall in Paducah, Kentucky, United States. The mall was developed by the Cafaro Company, which owns and manages it. Consisting of more than 100 stores, Kentucky Oaks Mall features Burlington, Best Buy, Dick's Sporting Goods, two locations of Dillard's, HomeGoods, J. C. Penney, and Ross Dress for Less as its anchor stores. Other major tenants of the mall include H&M, Five Below, and Shoe Dept. Encore.

Kentucky Oaks Mall
Entrance to Kentucky Oaks Mall, May 2012
LocationPaducah, Kentucky, United States
Address5101 Hinkleville Road
Opening date1982
DeveloperCafaro Company
ManagementCafaro Company
No. of stores and services100
No. of anchor tenants9 (8 open, 1 vacant)
Total retail floor area1,300,000 square feet (120,000 m2) (GLA)[1]
No. of floors1

History

Kentucky Oaks Mall first opened in 1982 on U.S. Route 60 (Hinkleville Road) just west of Interstate 24. At the time, it had JCPenney, Sears, Ben Snyder's (later Hess's, now Dillard's), and Meis (which became Elder-Beerman in 1989) as its anchors.[2] Venture added its first Kentucky location to the mall in 1989.[3] The Venture store closed in 1998 and became Shopko in May 1999.[4] In 2000, it was rumored that the mall would be sold to CBL & Associates Properties.[5] Shopko remained in the mall for only two years, closing in 2001 along with several other stores, most of which were former Venture stores as well.[4] Several other big-box stores were added on the mall's periphery in the early 2000s, including a Walmart Supercenter and a prototype store for The Home Depot.[6]

By 2003, K's Merchandise Mart had opened in the space vacated by Shopko.[7] Best Buy and Old Navy were both added in mid-2004,[8] with the former supplanting a former Ruby Tuesday restaurant.[9]

K's Merchandise closed on November 7, 2006 with the chain's bankruptcy. The K's items were then liquidated by HPG Enterprises,[10] which was closed only one month later after a judge forced it to close due to deceptive advertising.[11] Despite the loss of this anchor store, the mall continued to gain tenants in 2006, including Hollister Co. and New York & Company.[12] In November 2010, Dick's Sporting Goods opened in the space formerly occupied by K's Merchandise.

In 2015, Sears Holdings spun off 235 of its properties, including the Sears at Kentucky Oaks Mall, into Sertiage Growth Properties.[13]

On December 27, 2016, Sears announced that its store would be closing as part of a plan to close 30 stores nationwide. The store closed on March 19, 2017.[14] Elder-Beerman also closed in 2018 as parent company The Bon-Ton filed for bankruptcy.[15] Cafaro Company announced in late 2018 a plan to redevelop the former Sears property for Burlington, Ross Dress for Less, and other smaller stores, and the former Elder-Beerman for Five Below and HomeGoods.[16] As part of this redevelopment, H&M was also added to the mall.[17]

References
  1. "Kentucky Oaks Mall". International Council of Shopping Centers. Archived from the original on 2011-06-06. Retrieved 2009-09-28.
  2. Walker, Joe (2002-11-04). "Paducah, Ky.-area retail centers celebrate 20th anniversary". The Paducah Sun. Retrieved 2009-09-28.
  3. "Paducah gets discount store". Kentucky New Era. 31 July 1989. Retrieved 28 May 2010.
  4. Walker, Joe (2001-02-01). "Shopko to close doors in Paducah". The Paducah Sun. Retrieved 2009-09-28.
  5. Walker, Joe (2000-07-10). "Majority Owners Unsure About Mall's Possible Sale to Chattanooga, Tn. Firm". The Paducah Sun. Retrieved 2009-09-28.
  6. Walker, Joe (2002-04-11). "Manager Prepares to Open Prototype Home Depot Store in Hometown Paducah, Ky". The Paducah Sun. Retrieved 2009-09-28.
  7. Walker, Joe (2006-09-07). "K's Merchandise decline in sales brings closing plan: Seventy jobs will end when the Paducah store closes". The Paducah Sun. Retrieved 2009-09-28.
  8. "Opening for business". Chain Store Age. 2004-05-01. Retrieved 2009-09-28.
  9. Walker, Joe (2004-08-14). "Best Buy's opening in Paducah, Ky., draws hundreds". The Paducah Sun. Retrieved 2009-09-28.
  10. Walker, Joe (2006-11-16). "Discounter opening at old K's: HPG Enterprises employs about 40 people from the previous Kentucky Oaks tenant". The Paducah Sun. Retrieved 2009-09-28.
  11. "Judge orders K's liquidator closed". The Paducah Sun. 2006-12-09. Retrieved 2009-09-28.
  12. Walker, Joe (2006-07-16). "Changing landscape: Kentucky Oaks Mall occupancy remains strong even as merchants move to strip centers". The Paducah Sun. Retrieved 2009-09-28.
  13. http://www.seritage.com/retail/property/5101-hinkleville-rd/3312538/landing
  14. http://www.wpsdlocal6.com/2016/12/27/paducah-sears-store-to-close-next-year/
  15. http://www.paducahsun.com/news/local/kentucky-oaks-mall-losing-elder-beerman/article_e1cb9c9d-6d47-5bb1-b860-bcea9e6302b4.html
  16. https://photonews247.com/2018/08/gabes-homegoods-kentucky-oaks-mall-paducah/
  17. https://www.wpsdlocal6.com/2018/05/25/kentucky-oaks-mall-undergo-redevelopment/


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