The Federated group was formed and led by Fred Lazarus, Jr., whose namesake company was the dominant retail store in Columbus. was organized in Columbus, Ohio, in 1929 as a holding company for founding members F&R Lazarus & Company, its subsidiary Shillito ’s, and Abraham & Straus department stores.
emerged from bankruptcy in February 1992.įederated Department Stores, Inc. The reorganized Federated Department Stores, Inc. The heavily leveraged merger caused the new group to file for Chapter 11 bankruptcy in 1990. and Allied Stores Corporation were acquired and merged by the Campeau Corporation. The current combination of stores was formed in the late 1980s, when Federated Department Stores, Inc. Retail divisions in the group include: Abraham & Straus/Jordan Marsh, Bloomingdale ’s, The Bon Marche, Burdines, Lazarus, Rich ’s/Goldsmith ’s, and Stern ’s. is one of America ’s largest operators of premier retail chains, with over 220 department stores in 26 states. 6 The purchase gave LGR and its sister company, Plaza Properties, control of the entire 88-acre mall site, which it had proposed demolishing and replacing with new mixed-use development.Federated Department Stores, Inc. In April 2019, the former Sears anchor was acquired by LGR Weston for $3.15 million. Sears closed its Westland store in September 2017, leaving the mall entirely empty of tenants. 2 The projected demolition cost would be $3.3 million. Plans were announced in March 2012 to demolish the mall, sans Sears and Staples, for a new mixed-use development styled after Easton Town Centre. In September 2011, Sears closed the entrance to the concourse. 5 After signing a contract with Cigna and Plaza, Menards put plans for the new store on hold in December 2008 due to the economic recession. A new shopping center, anchored by home improvement chain Menards, Sears and Staples, was announced. Redevelopment plans for Westland began shortly after. The store closed in 2007, leaving Sears as the remaining anchor.
Lazarus, a founding partner in Federated Department Stores, was rebranded Lazarus-Macy’s in 2003 and Macy’s on March 6, 2005. Penny left Westland for Tuttle Crossing in 2005. 5 Kashani, a shopping mall developer from Toledo, Ohio, acquired the mall in 2003 and attempted to reposition Westland Mall as a lower-tier shopping center, with used bookstores, arts and crafts dealers and a karate school, among others. 4 Plaza Properties co-owned some of the out-parcels, including a Bob Evans restaurant. Jacobs defaulted on loans relating to Westland in 2001 leading Cigna Investments to take over ownership.
Westland Mall began bleeding inline tenants when the Mall at Tuttle Crossing opened nearby in 1997. It was renovated into a Staple’s with no concourse access and Footaction USA that faced the interior. Woolworth’s closed in January 1994 during the chain’s restructuring process that resulted in the elimination of its 400 stores. In 1993, the Lazarus store was extensively remodeled. 3 The upper floor of Sears was closed to customers and converted into office space for their in-house credit card, Discover, in the late 1980’s. Van Duze and fountains that reacted to the weather. The new mall was adorned with several outdoor sculptures by Cleveland artist Clarence E.
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