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general had been performing well, the enclosed mall failed. Many considered the fundamental concept of an enclosed mall to be somewhat antiquated by the turn of the 21st century and particularly inappropriate in dense urban areas, criticizing developer Belz
Enterprises, a company historically specializing in suburban properties, for its seeming lack of urban expertise.
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By
January 2008, the second floor of the retail area was almost entirely vacant, and Sydnie's Gifts and Walson's Jewelers announced that it was closing. The Muvico theater was scheduled to shut down by the end of March 2008. Belz considered converting the Muvico space into a hotel lobby, a meeting
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Over several years, most of the stores in the indoor mall were closed. A few were replaced by new establishments, such as Encore restaurant, and
Primetime Sports Bar, but those were also unable to gain traction and eventually closed also. While the rest of Peabody Place and the Downtown area in
71:. The Jillian's was a 60,000-square-foot (5,600 m), three-floor entertainment lounge. Tourists visiting Downtown were also not particularly interested in visiting a mall that had stores similar to those available in their hometowns, so that clientele did not materialize either.
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Restaurant closed, and since then the Sports Avenue store sales figures had significantly decreased. The
Jillian's had higher sales in 2007 than in 2006, and Owen Reed, the assistant general manager, said that business was robust especially while games occurred at the
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joined. While it was initially successful, the excitement quickly fizzled out and the enclosed mall proved to be unable to compete with more convenient suburban alternatives in more affluent neighborhoods that were perceived as safer, due to their
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In 2012 the
Economic Development Growth Engine (EDGE) announced that it would establish its headquarters in the Tower at Peabody Place, taking about 4,931 square feet (458.1 m) of space on the 11th floor.
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and while concerts took place in
Downtown Memphis. Reed said "We dictate the volume at this mall. With the exception of the movie theater, we define foot traffic."
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In
February 2012, the mall officially closed to the public, while the untouched interior of the vacant mall was still visible from the street until June 2016.
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space, and 160-170 hotel rooms. In June 2008 the Dan McGuinness Irish pub in the
Peabody Place Retail & Entertainment Center announced it was moving to
172:. The project's new and restored historic buildings include a 15-story modern office tower, two apartment projects, two museums, and numerous restaurants.
193:]. This was replaced with the ServiceMaster name and logo as part of the companies multi-million dollar renovations and can be seen at coordinates
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119:. River City Management opened the Primetime Sports Bar in early 2009. It took over the spot previously held by Jillian's. Earlier in 2009,
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111:, a nearby suburb. In July 2008, Belz announced plans to convert the former Muvico theater into hotel suites. It was not an expansion of
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In late 2005 the Encore
Restaurant and Bar opened at 150 Peabody Place. In November 2006 Muvico closed eight of its screens. Afterwards,
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advertising agency. The area encompasses some two million square feet and is connected by skywalks, corridors and trolley stations.
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An enclosed mall, with 300,000 square feet (28,000 m) of space, was opened in 2001 and was initially anchored by a 22-screen
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Yawn, David. "Peabody Place seen as beacon calling business downtown. (The
Peabody, Memphis, Tennessee) (Office Real Estate)."
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in Peabody Place closed. In September 2009 the Encore Restaurant closed. In August 2010 the Primetime Sports Bar closed.
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announced a relocation of its global headquarters to the former mall space, marking an end to years of vacancy.
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included in its list of "message from the rooftops" (intentional messages to be seen on
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The development was planned for years, and the first building was to appear in 1993.
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Peabody Place covers a dense variety of spaces, ranging from the restored historic
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is a mixed use residential, retail, and office redevelopment project located in
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380:"Primetime Sports Bar at former Jillian's site has closed in Peabody Place"
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314:. Thursday March 29, 2007. Vol. 122, No. 59. Retrieved on June 3, 2013.
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to the nationally recognized and modern street-level offices of the
273:. May 16, 2012. Updated May 17, 2012. Retrieved on June 3, 2013.
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407:"Encore bistro in Peabody Place serving final meal this week"
537:"ServiceMaster to Relocate Headquarters to Downtown Memphis"
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Peabody Place’s Encore Restaurant closes after four years
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183:) a message on the roof of Peabody Place that invites: "
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Yawn, David. "Peabody Place driving Downtown Revival."
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Mixed-use redevelopment project in Memphis, Tennessee
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Paz-Frankel, Einat. "Peabody Place retail in flux."
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Paz-Frankel, Einat. "Peabody Place retail in flux."
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518:Primetime Sports Bar closes doors at Peabody Place
326:"It's 'The End' for Muvico's Peabody Place Cinema"
444:. September 24, 2009. Retrieved on June 3, 2013.
526:. September 8, 2010. Retrieved on June 4, 2013.
882:Buildings and structures in Memphis, Tennessee
601:Shout a message from the rooftops to the world
590:"Red Deluxe Office Space Wins AIA Recognition"
295:. January 13, 2008. Retrieved on June 4, 2013.
218:http://www.belz.com/shopping/peabodyplace.aspx
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220:Web Site of Developer (Belz Enterprises, Inc)
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504:. July 18, 2008. Retrieved on July 4, 2013.
485:. June 12, 2008. Retrieved on June 3, 2013.
287:Hotel rooms moving into Peabody Place space
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254:. May 17, 2012. Retrieved on June 3, 2013.
566:"Peabody Hotel History at Hotel Web Site"
496:Belz makes Peabody Place plans official
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265:EDGE heading to Tower at Peabody Place
246:EDGE to make HQ at Peabody Place Tower
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477:Dan McGuinness leaving Peabody Place
285:Sheffield, Michael and Andy Ashby. "
86:(closer to its main customer base),
156:Tourist attractions nearby include
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26:that covers eight city blocks.
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734:Enclosed super-regional malls
541:mediacenter.servicemaster.com
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365:. Retrieved on June 4, 2013.
324:Beifuss, John (2011-02-04).
151:Red Deluxe Brand Development
147:Center for Southern Folklore
82:moved from Peabody Place to
90:went into liquidation, and
24:Downtown Memphis, Tennessee
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94:closed. In early 2004 the
109:Olive Branch, Mississippi
798:Tanger Outlets Southaven
617:Memphis Business Journal
523:Memphis Business Journal
501:Memphis Business Journal
482:Memphis Business Journal
459:Memphis Business Journal
441:Memphis Business Journal
358:Memphis Business Journal
292:Memphis Business Journal
270:Memphis Business Journal
251:Memphis Business Journal
232:Memphis Business Journal
185:come downtown and play.™
793:Southaven Towne Center
776:Major shopping centers
670:Tower at Peabody Place
788:Shops of Saddle Creek
412:The Commercial Appeal
385:The Commercial Appeal
331:The Commercial Appeal
263:Sheffield, Michael. "
195:35.1411673,-90.052704
92:Napoli Pizza and Subs
84:Germantown, Tennessee
829:Raleigh Springs Mall
755:Enclosed local malls
639:United States portal
620:. August 7–11, 1995.
462:. January 13, 2008.
361:. January 13, 2008.
117:late-2000s recession
858:35.1406°N 90.0527°W
854: /
653:Architecture portal
235:. January 18, 1993.
814:Holiday Plaza Mall
762:Hickory Ridge Mall
741:Wolfchase Galleria
311:Memphis Daily News
863:35.1406; -90.0527
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187:" [
101:FedEx Forum
96:Isaac Hayes
30:Development
876:Categories
849:90°03′10″W
846:35°08′26″N
683:CBRE Group
674:CBRE Group
576:2011-02-14
551:2016-06-05
418:2011-02-14
391:2011-02-14
337:2011-02-14
201:References
162:FedExForum
60:Ann Taylor
177:USA Today
121:Starbucks
52:Jillian's
244:Staff. "
50:cinema,
807:Defunct
719:Memphis
145:to the
164:, the
54:, and
48:Muvico
723:malls
721:area
725:and
168:and
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