Cohoes Commons
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 | |
| Location | Cohoes, New York |
|---|---|
| Opening date | August 1, 1987 |
| Developer | Zandri Construction Co. of Cohoes |
| Owner | National Enterprises |
| No. of stores and services | 16 |
| No. of anchor tenants | 1 |
| Total retail floor area | 120,000 sq ft (11,000 m2) |
| No. of floors | 2 |
Cohoes Commons was a small, urban enclosed shopping mall in Cohoes, New York, mostly focusing on upscale fashion outlet stores. The building is primarily an office complex at this time. It is located on Mohawk Street.
Plans for development of the mall were announced in Summer, 1986. A mall would be built as an addition to the existing Cohoes Specialty Stores, which would serve as the anchor. The plan was to build 56,000 square feet (5,200 m2) of additional retail space in a two-story building. The intent was to feature stores not found in the larger, suburban malls in the New York Capital Region. Ground breaking was scheduled for October 1, 1986.[1] The cost of the mall was $4 million. Construction was done by Zandri Construction Co. of Cohoes.[2] It was claimed that people came to Cohoes Specialty Stores and wanted to see other shops in close proximity.[3]
Opening
The mall was scheduled to open on August 1, 1987. Total retail space was 75,000 square feet (7,000 m2) in addition to its anchor.[3]
Concerns by the community
At the time, Cohoes had a downtown with businesses catering to cost-conscious customers. It was felt among the community in that area, that the kinds of traffic coming to the mall would not spill over into the business area. Parking concerns were also cited because this mall did not have acres of parking spaces like the typical suburban mall.[4]
Initial success
By 1989, New York State Route 787, an arterial expanding I-787, had been completed, connecting Cohoes with the interstate. This brought more people into the area. It was noted that busloads of people were arriving in Cohoes on Saturdays, prompting consideration of a Harmony Mall in the old Harmony Mills No. 2 building. This building had served as a knitting mill in 1866.[5]
Ownership
The Cohoes Specialty Stores chain owned 50% of the Cohoes Commons building. When Burlington Coat Factory purchased the chain in 1989, they took the 50% ownership in the building.[6][7]
By 1993, the partnership that operated the mall (including Cohoes Fashions, then owned by Burlington Coat Factory, as a limited partner) was the Mohawk Group based in Manhattan.[8] In 1987, Mohawk Group purchased the mall from Cohoes Specialty Stores, Ltd. The mortgage holder in 1993 was First International Bank of California. The bank filed foreclosure papers by mid-1993 due to failure to pay the $44,000 monthly payment.[9]
By the end of 1995, the mall was transferred to National Enterprises of California from the Mohawk Group to avoid foreclosure.[9]
Cohoes Too
As a result of the mall being built, Cohoes Specialty Stores opened Cohoes Too, which sold clearance items from all stores in the Cohoes Specialty Stores chain, across the street in the building formerly housed by Dansk. Dansk moved into the mall as an original tenant.[10]