Английская Википедия:Homart Development Company
Шаблон:Short description Homart Development Company, a Chicago-based subsidiary of Sears, was one of the largest builders of shopping centers and malls in the United States from 1959 to 1995.
Company history
As retail development in the United States shifted away from downtowns with the growth of suburbia after World War II, some major department stores such as Sears moved into the business of developing malls in which to place new anchor tenant locations.[1] Homart Development Company was founded in 1959 for the purpose of building regional shopping malls for Sears.[2] The "Homart" brand name had been used by Sears for many years before the development company was founded.[3]
Seminary South Shopping Center in Fort Worth was their first project.[4][5]
By 1971, Homart was operating nine regional shopping locations, and had numerous others in development.[6] It became the nation's second largest mall developer,[7] and by 1992 it was reported that Homart had developed 80 malls with over Шаблон:Convert of retail space.[8] By 1994, it was also operating 36 of those developed malls.[9]
In November 1994, Sears announced that it planned to sell off Homart as part of a restructuring.[10] General Growth Properties completed an acquisition of Homart in late 1995 in a transaction valued at $1.85 billion, then one of the biggest real estate deals in history.[11][12][13] Homart also owned a number of office buildings which were also sold in 1995.[14]
Management
Sears executive Emory Williams was the first president of Homart. Warren G. Skoning was appointed president in 1967,[15] and elected as chairman in 1974.[16] Also serving as vice-president of real estate development for Sears, Skoning was involved in the development of the Sears Tower.[17][18][19] W.E. Lewis was named president in 1974 when Skoning became chair.[16]
Edwin Homer, former president of Chrysler Realty, joined as president in 1980, later became chair and CEO, and served until his retirement in 1984.[20][21][22] Homer diversified Homart's portfolio by developing office properties and community centers, in addition to malls, and also sold some of Homart's malls to generate additional profit for Sears.[21]
In 1985, Michael J. Gregoire was named president and COO, and he also became chairman in 1987.[23][24]
Notable projects
Notable shopping centers developed by Homart include:
References
Шаблон:Reflist Шаблон:General Growth Properties Шаблон:Sears Holdings Corporation
- ↑ White, John R. & Gray, Kevin D. Shopping Centers and Other Retail Properties: Investment, Development, Financing, and Management p.61-62 (1996) (Шаблон:ISBN)
- ↑ Suchman, Diane R. Managing a Development Company (Urban Land Institute 1987)("Homart was established in 1959 for the purpose of developing regional shopping malls.")
- ↑ Шаблон:Cite news (1945 Sears advertisement includes "Homart" products)
- ↑ Шаблон:Cite magazine("Seminary South was the first shopping center developed by Homart Development")
- ↑ Шаблон:Cite magazine
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news("Sears also said today that it would sell its Homart Development Company, a real estate development firm. ")
- ↑ Шаблон:Cite news("General Growth made a number of high-profile acquisitions of shopping malls in every part of the country. Some of General Growth's biggest included: the $1.85 billion acquisition of Homart Development Co. from Sears Roebuck in 1995, said to be one of the largest real estate transactions in history at the time")
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ 16,0 16,1 Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Pridmore, Jay. Sears Tower: A Building Book from the Chicago Architecture Foundation p.17 (Pomegranate 2002)(Шаблон:ISBN)
- ↑ Шаблон:Cite news("Mr. Skoning was co-chairman of the building committee for Sears Tower and had much of the responsibility for the construction of the mammoth skyscraper...")
- ↑ Шаблон:Cite news
- ↑ 21,0 21,1 Шаблон:Cite news
- ↑ Kowinski, William Severini. The Malling of America (2000 ed.) (Шаблон:ISBN)(Kowinski incorrectly identifies Homer as "Ernest," but notes his appearance at an ICSC conference in the early 1980s: "There was affable Ernest Homer, head of Homart, the developing arm of Sears — the largest retailer and biggest advertiser in the country — who handed out a business card that was also bigger than anyone else's.")
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ 27,0 27,1 27,2 27,3 Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news("Woodfield Mall, the world's largest shopping center, opened last week in Schaumburg, 25 miles northwest of Chicago")
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news ("In Central Florida, Homart developed Altamonte Mall and is building the West Oaks Mall")
- ↑ Шаблон:Cite news
- ↑ 38,0 38,1 Шаблон:Cite news("Homart has developed Burnsville Center, the Eden Prairie Mall and the Maplewood Mall, as well as power centers throughout the nation")
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news("Eden Prairie Center opened in 1976 and was substantially remodeled in 1989.")
- ↑ 42,0 42,1 http://burnsvillehistory.org/cpg/albums/userpics/10003/Homart_Report_1977_sept.pdf Шаблон:Bare URL PDF
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite news("Homart teamed up with DeBartolo again for Lakeland Square Mall, which opened in 1988.")
- ↑ ^ Jump up to: a b "Vista Ridge Mall celebrates grand opening in Lewisville". Dallas Morning News. 1989-10-05. "Vista Ridge Mall, a joint venture by Homart Development Co., Herring Marathon Group Inc. and JCP Realty Inc., celebrated its grand opening Wednesday in Lewisville. Located on Stemmons freeway, Vista Ridge was completed under a two-phase development with national and local stores, restaurants, a 12-cinema complex and upon completion, six major department stores. The shopping center is currently anchored by Sears Roebuck and Co. and Dillards Department Stores."
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite journal
- ↑ Шаблон:Cite news("This year alone, Homart will open the 1 million-square-foot Woodlands Mall in Woodland, Texas...")
- ↑ Kutchin, Joseph W. How Mitchell Energy & Development Corp. Got Its Start and How It Grew: An Oral History and Narrative Overview (2001) p.542-47 (Шаблон:ISBN)