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Big sale at Kings Plaza — whole mall changes hands for $751 million!

Brooklyn Daily
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The biggest sale at the Kings Plaza Shopping Center this week was the mall itself.

The owner of a popular and busy mall in Queens has scooped up the Kings Plaza Shopping Center on Flatbush Avenue and Avenue U for a whopping $751 million.

The Macerich Company, which already owns the Queens Center Mall — one of the busiest and most profitable in the country — will close on the deal with Vornado Realty Trust for the Mill Basin mall, where tenants pay nearly twice the national average in rent.

And some neighborhood stakeholders say they’re looking forward to a change in management.

“I’m really excited about it,” said Community Board 18 district manager Dorothy Turano. “Vornado was not a good neighbor. We’re hoping Macerich will be more responsible and neighborhood friendly.”

The soon-to-be former ownership created waves when it jacked up the price of parking at the mall to $3 a spot, a move that Turano said resulted in motorists circling the neighborhood looking for free parking on the street.

Turano added that other Flatbush Avenue businesses even needed to bring on staff to manage the overflow of cars seeking free spaces in their lots.

“Raymour and Flanigan had to hire a parking attendant to keep everyone going to Kings Plaza out,” she said.

Representatives of Macerich could not be reached for comment, but the Queens Center Mall — which is also a transit hub that many drivers use as a park-and-ride — charges for parking, with $7 early-bird specials for drivers who arrive between 5 am and 9 am and leave by 9 pm. Hourly parking ranges from $3 per hour to $20 for more than six hours.

Kings Plaza was built by Macy’s and opened in 1970 as the city’s first indoor shopping center with 79 stores. It increased to 125 retail outlets a year later, including the stores Buster Brown, the Singer Sewing Center, Bun N’Burger, and the Orange Bowl.

Macy’s sold the mall in 1985 to the now-defunct Alexander’s, also a Vornado entity. The shopping center underwent a $50 million renovation in the late 1990s, at which time Sears moved into a part of the Alexander’s space. The remainder was occupied by Modell’s sporting goods on the first floor and Old Navy on the second floor.

Today, Kings Plaza includes 150 stores and restaurants, including the Brooklyn Cyclones official team store, and the world’s first Sbarro pizza outlet.

Reach reporter Colin MIxson at cmixson@cnglocal.com or by calling (718) 260-4514.

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Reader Feedback

Bob from Gerritsen Beach says:
Kings Plaza should be banned on principle alone.
As a long time neighbor that watched the building erected in 1970 with promises of offering space to neighborhood stores first to appease the community. Not long after, they pushed out the small businesses and brought in national outlets with their exorbitant prices and cheap merchandise. Next they introduced, first ever, $.50 parking fee and promised heightened security. The security lasted about a month and then back to business as usual. Today we have three dollar parking, virtually no security except that the toll booths where the money is. If the new owners are sincere in building a bridge to the community they should remove the parking fees immediately.
Oct. 27, 2012, 10:45 pm
Debbie from Mill basin says:
This mall Sucks and dangerous
Jan. 11, 8:02 am
Amanda from Marine Park says:
Extremely dangerous mall. They turned it into a —— hole. You couldn't pay me to step foot in that place. Tear it down.
Jan. 11, 5:50 pm
Haywood jablomi from Mill basin says:
Mall it's more like a zoo. Very dangerous! Get rid of it.
Jan. 11, 6:13 pm
Dirtyharry11234 from Mill Basin says:
Convict Central. Tear it down. Ban Dollar Vans. Problem solved !!!
Jan. 11, 6:21 pm
Trish from Brooklyn says:
Would rather travel to the island to shop than go to this place.
Jan. 11, 9:41 pm
Joe from Old Mill Basin says:
Maybe REAL security should be hired since obviously tearing it down is not an option here. Professionally trained officers to control any issues that arise. Lowering the parking fee is a must as well. No one else charges, it's ridiculous. It really does have some great stores and it looks better than ever. It's unfortunate you can't change the customers though.
Jan. 11, 9:52 pm
michael from dyker heights says:
I grew up near that dump it killed the neighborhood. They should burn it to the ground.
Jan. 11, 10:35 pm
Emma from Marine park says:
That mall is dangerous dirty and gross ... hope they close it down ..area would be a better safe place .
Jan. 11, 10:47 pm
joan from Marine park says:
If they can't knock it down Then maybe they should not let young adults from the age of 12 to 18 in the mall with out there parents.I was in there before Christmas with my 19 year old granddaughter and they had the mall on lock down that is a disgrace the we can't shop because of this problem and it continues.the securite is a joke.
Jan. 11, 11:19 pm
Nicole Rossi from Facebook says:
Do you know Danny?
Jan. 11, 11:42 pm
carolyn aydt from gerritsen beach says:
I go to the mall alot. It isn't as bad as people make it sound. They have improved the mall recently. We need shopping here in Brooklyn and to say tear it down is crazy.
Jan. 12, 3:41 am
Mark from Sheepshead Bay says:
I worked at the Dime Savings Bank of New York at the first floor Flatbush Avenue entrance back in 1980. I was 17 years old and would take the bus there every afternoon and work until the branch closed, sometimes as late as 9 PM, and would then go home alone by the bus.

The last time that I went to the mall I felt that I needed a personal security guard to protect me just to see a movie.
Jan. 12, 5:12 am
Ryan says:
Boy with comments like these the new mall owners have quite a job on their hand.I think charging to park at the mall is outrageous and very bad for business.A good start would be all cars entering the garage get a ticket.The first 2 hours are free.After 2 hours you would have to pay a nominal fee.
Jan. 12, 6:48 am
M. from Flatbuah says:
Mall of animals huh?!?! I wonder which shoppers you are referring to? In any case anything to make the mall safer and a better shopping experience to keep money in Brooklyn would be appreciated. How about being positive folks.
Jan. 12, 7:43 am
G from Flatbush says:
This mall has turned to ——. Tear it down.
Jan. 12, 9:42 am
LH from Marine park says:
The mall is not nearly as bad as everyone is making it sound I shop there on weekdays quite frequently and it's fine and it actually looks better than it has in years. Brooklynites need a place to shop too it's not practical just to drive to Jersey or Staten Island every time you need to go to the mall maybe if they hire professional security And kept under age kids out without parental escorts there would not be any trouble there!
Jan. 12, 10:10 am
Patricia from Breezy point says:
I worked in Alexander's years ago. I never had a problem in kings plaza. If kids and parents did what they were supposed to do problems wouldn't arise. I have never been harassed never had my car broken into and always bought what I needed and left. Security is an issue in any mall u go to. U have punks in every mall. So watch ure surroundings and keep your children with u as u normally do and enjoy your life. If ure kids are older make sure they are behaving and aren't the punks in the mall and all will be fine.
Jan. 12, 10:16 am
Jay from Mid wood says:
Knock it down and build condos on the land.
Jan. 12, 10:40 am
Phil from Dyker Heights says:
I will not shop at a mall that charges a fee to park...PERIOD!!!!
Jan. 12, 10:53 am
Michael Ryan from Marine Park says:
I think I would feel safer in rikers island
Jan. 12, 11:29 am
Nicole Rossi from Facebook says:
Danny?
Jan. 12, 11:37 am
Bob from Crown heights says:
kimgs plaza is not that bad, don't get me wrong I only shop there for quick and convinent things but that's cause they don't have a lot to offer.......they need new stores , better security and most of all better security......they're on their way to a better future.
Jan. 12, 12:07 pm
Elizabeth from Brooklyn says:
hike up the parking to $10 out in pricier stores. Maybe that will make it safer.
Jan. 12, 12:22 pm

Comments closed.

CNG: Community Newspaper Group