Real Estate

Rhode Island Mall interior closing May 22

Posted 3/24/11

(Updated, 3:50 p.m.)

WARWICK – The interior of the Rhode Island Mall will close May 22, the city confirmed Thursday.

The firm that manages the mall's interior area has notified the inside stores they must leave, said Sue Baker, a spokeswoman for Mayor Scott Avedisian. A woman who answered the phone Thursday morning at the management firm, Neville Commercial and Investment Real Estate, said the firm had no comment and hung up.

The city has offered to help the few stores that remain in the two-level mall find new locations, Baker said. The anchor stores – Kohl’s, Sears and Wal-Mart – are expected to remain open.

The mall, opened in 1967 as the Midland Mall, has been largely empty for years. Last summer the R.I. Division of Motor Vehicles closed its office at the mall, costing the interior of the shopping center its primary source of foot traffic.

In 2005, the mall was transferred to GLL Rhode Island Mall LP, a German pension fund. A representative from Eastern Real Estate LLC, which manages the property for the fund, declined to comment.

The Stop & Shop Supermarket Co. owns a master lease on the inside of the mall, spokeswoman Suzi Robinson told Providence Business News Thursday afternoon. She said the supermarket chain was “looking at different options” for the inside of the mall, but nothing had been decided.

When Stop & Shop secured its lease in 2003, analysts said the company might have just been trying to keep Wal-Mart from expanding into the space and opening its own supermarket.

Article update includes Stop & Shop confirming its lease.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News