Mall at The Source
in Westbury, United StatesCategory: Attraction
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1504 Old Country Rd, Westbury, NY 11590, USA Print route »
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Lesso Home @Westbury is a planned mixed-use development center located in Westbury, New York, United States, on Old Country Road and Merchants Concourse (Ellison Avenue), currently managed and owned by Lesso Mall Development Long Island Inc. The center is being built inside the mostly dead The Mall At The Source, which was named for its former anchor store Fortunoff (which used the phrase "The Source" in advertising for the chain), which the mall was built around and which closed in June 2009.With the closure of Fortunoff, Steve and Barry's (which closed in early 2009), and Circuit City (which closed in March 2009), three large anchor stores have become vacant. The drop of foot traffic by the loss of the anchors has caused other stores — the three aforementioned subanchor chains, plus Saks Off 5th, & Forever 21 — and the entire food court — including McDonald's, Starbucks, Ranch 1 — to pull out from the mall. Simon Property Group and unnamed co-owners of the Mall at the Source defaulted on a $124 million balloon interest-only mortgage in March 2009. It was purchased by a European pension fund in August 2012 and auctioned. In November 2016, it was announced that the Mall at the Source will be sold and could be demolished to make way for a new mixed use development.In May 2017, Lesso Mall Development Long Island Inc. (a subsidiary of the Hong Kong listed LESSO Group) purchased the mall for $92 million. On October 21, 2017, it was announced that the Mall At The Source would be redeveloped into a Decor Hub for Lesso Home scheduled for an opening in Summer 2018. A few retailers, The Cheesecake Factory P. F. Chang's China Bistro, Dave & Buster's, a Pets4Luv foundation tenant, and a Fortunoff Outdoor Furniture and Jewelery Store will remain open during renovations.
