Last Update: March 19 @ 7:09 PM
retail
Providence Place, Galleria to cut hours
Changes follow bankruptcy filing by owner General Growth
PBN FILE PHOTO / VICTORIA AROCHO
PROVIDENCE PLACE WILL CUT HOURS starting this weekend. It is one of more than 200 malls owned or operated by Chicago-based General Growth Properties Inc. (NYSE: GGP), which filed for bankruptcy protection earlier this month.


Providence Place mall and the Silver City Galleria in Taunton will reduce their hours of operation beginning this weekend as the two shopping centers’ bankrupt owner continues its restructuring.

Starting Friday, the malls will be open from 10 a.m. to 9 p.m. Monday through Saturday. Previously, the malls had remained open until 9:30 p.m.

In addition, the malls will be open for two fewer hours on Sundays, operating from noon to 6 p.m. Previously, Providence Place had been open from 11 a.m. to 7 p.m. on Sundays while the Galleria had been open from 11 a.m. to 6 p.m.

The changes will not impact the malls’ anchor tenants, restaurants and theaters.

The malls’ owner, General Growth Properties Inc., filed for bankruptcy protection on April 16. General Growth’s bankruptcy filing included the subsidiary that controls Providence Place.

An employee at the Swansea Mall, which General Growth manages but does not own, said hours of operations were not scheduled to be reduced there.

It is unclear if the reduced hours are a seasonal change or a response to the troubled finances of the malls’ parent company. A spokeswoman for General Growth was not immediately available to comment. Local analysts have said they expect the bankruptcy to have little impact on Providence Place.

In an unrelated development, Providence Place’s longtime general manager, Craig Gorris, has left for a new position in Maine. Will Malone has replaced Gorris as the mall’s chief, his assistant said.

General Growth Properties Inc. (NYSE: GGP) – owner of Providence Place and the Silver City Galleria in Taunton and manager of the Swansea Mall – is a publicly traded real estate investment trust (REIT). GGP’s portfolio includes about 200 million square feet of retail space and more than 24,000 stores, as well as stakes in various master-planned community developments and commercial office buildings. Additional information is available at www.ggp.com.

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