Summary
The Grove at Shrewsbury is an upscale lifestyle center located on Route 35 in Shrewsbury, New Jersey, United States, 1 mile (1.6 km) south of downtown Red Bank. The center opened in 1988 and has a gross leasable area of 150,000 sq ft (14,000 m2).[1][2][3][4][5] A lifestyle center is a shopping center or mixed-use commercial development that combines the traditional retail functions of a shopping mall but with leisure amenities oriented towards upscale consumers. The Grove at Shrewsbury was developed and is managed by Metrovation.
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| Location | Shrewsbury, New Jersey, USA |
|---|---|
| Coordinates | 40°19′55″N 74°03′40″W / 40.3319°N 74.0612°W |
| Opening date | 1988 |
| Developer | Metrovation |
| Management | Metrovation |
| Owner | Metrovation |
| No. of stores and services | 40 |
| No. of anchor tenants | 5: Brooks Brothers, Anthropologie, J. Crew, Williams Sonoma and Banana Republic |
| Total retail floor area | 150,000 sq ft (14,000 m2) |
| No. of floors | 1 |
| Parking | Parking lot |
| Public transit access |   NJ Transit bus: 831, 832 |
| Website | www.thegroveatshrewsbury.com |
The center contains 40 stores and is anchored by Brooks Brothers, Anthropologie, Williams Sonoma, J. Crew and Banana Republic.[6]
History edit
The Grove at Shrewsbury, New Jersey's first lifestyle center, opened in March 1989. The first major store was Epstein's. By August, 37 of the 40 units were occupied.[7] Epstein's would later close; Sealfon's, another upscale, regional New Jersey department store, opened in its place in 1994.[8] That store also went out of business. The space was eventually subdivided and in its place opened a flagship Brooks Brothers and Anthropologie, Monmouth County's first.
Peloton opened a store in 2021.[9]
Victoria's Secret and Pink closed in 2020.[10] Eddie Bauer closed in January 2019.[11]
References edit
- ^ "Properties East". Metrovation. Archived from the original on 2008-05-26. Retrieved 2008-06-15..
- ^ Columbus, Gina. "Outdoor shopping malls sparkle with style at the Shore". Asbury Park Press. Retrieved 2022-02-08.
- ^ Works, Amy (2017-09-26). "HFF Secures $43.6M Refinancing for The Grove at Shrewsbury in Northern New Jersey". REBusinessOnline. Retrieved 2022-02-08.
- ^ White, John R.; Gray, Kevin D. (1996-03-15). Shopping Centers and Other Retail Properties: Investment, Development, Financing, and Management. John Wiley & Sons. ISBN 978-0-471-04002-6.
- ^ Goodspeed, Diane (2006). Happy Tails Across New Jersey: Things to See and Do with Your Dog. Rutgers University Press. ISBN 978-0-8135-3848-8.
- ^ Loan 7: The Grove at Shrewsbury, Securities and Exchange Commission. Accessed December 10, 2023. "As of July 1, 2017, The Grove at Shrewsbury Property was 98.6% occupied by 34 tenants, none of which occupy more than 8.8% of the net rentable area. The largest tenants are Brooks Brothers, occupying 13,000 SF, Anthropologie, occupying 12,000 SF, Pottery Barn, occupying 11,235 SF, The Gap, Inc., occupying 10,859 SF and Banana Republic, occupying 8,000 SF."
- ^ "Mall exceeding its expectations". Asbury Park Press. 1989-08-26. p. 5. Retrieved 2022-02-20.
- ^ "Epstein's Grove store changing owners". Asbury Park Press. 1994-04-12. p. 10. Retrieved 2022-02-20.
- ^ Willis, David P. "Peloton coming to the Grove at Shrewsbury, and that's not all". Asbury Park Press. Retrieved 2022-02-08.
- ^ NJ.com, Nicolette Accardi | NJ Advance Media for (2020-08-12). "Victoria's Secret, PINK stores in Shrewsbury have permanently closed". nj. Retrieved 2022-02-08.
- ^ Willis, David P. (2019-01-05). "Eddie Bauer pulling out of The Grove in Shrewsbury". Asbury Park Press. Retrieved 2022-02-08.
External links edit
- Official website
- "Properties managed", Metrovation