November 11, 2003 - Posted at 1:01 p.m. CDT
MEMPHIS, TN - The Mall of Memphis is closing down in just over a month.
The one million, 200-thousand square foot mall will shut down at 6 p.m. on Christmas Eve.
Mall management notified the remaining dozen tenants yesterday.
Real estate broker Gary Myers says the Mall of Memphis was the first retail location in the city to show the power of the interstate system on shopping. The facility opened 22 years ago, and was considered by most Mid-South and Region 8 residents to be the premiere shopping facility in the Mid-South.
But, over the years, competition has emerged, including the popular Wolfchase Galleria in east Memphis.
The mall also lost its anchor tenants, J.C. Penney and Dillard's.
Crime also increased in the area and a store manager at the mall was murdered during a robbery attempt. The mall also became a popular hang-out for gang members, and was even considered by many in Memphis to be "gang turf."