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The Mall at the Source

The Mall at the Source
The-mall-at-the-source.png
Location Westbury, New York, United States
Opening date September 5, 1997
Developer Simon Property Group, Fortunoff
Management Newmark Grubb Knight Frank
Owner Lenders
(Fortunoff space, currently vacant, is owned by Hudson's Bay Trading Company)
No. of stores and services 44
No. of anchor tenants 1
No. of floors 2

The Mall at the Source (also known as The Source Mall or simply The Source) is a shopping mall located in Westbury, New York, United States, on Old Country Road and Merchants Concourse (Ellison Avenue), currently managed by Newmark Grubb Knight Frank and owned by lenders. Until August 2012, the mall was managed and co-owned by Simon Property Group. Its last stores included an Old Navy, an H&M, and a David's Bridal. It currently only has a couple upscale restaurants — The Cheesecake Factory and P. F. Chang's China Bistro — a Dave & Buster's, a Lord and Taylor outlet, a Fortunoff's outdoor furniture outlet, a Gymboree Play & Music, a few discount retailers, an rescue animal shelter, and small standalone kiosks. The mall was named for its former anchor store Fortunoff (which used the phrase "The Source" in advertising for the chain), which the mall was built around and which closed in June 2009.

With the closure of Fortunoff, Steve and Barry's (which closed in early 2009), and Circuit City (which closed in March 2009), three large anchor stores have become vacant. The drop of foot traffic by the loss of the anchors has caused other stores — the three aforementioned subanchor chains, plus Saks Off 5th, & Forever 21 — and the entire food court — including McDonald's, Starbucks, Ranch 1 — to pull out from the mall. Simon Property Group and unnamed co-owners of the Mall at the Source defaulted on a $124 million balloon interest-only mortgage in March 2009. It was purchased by a European pension fund in August 2012 and auctioned. In November 2016, it was announced that the Mall at the Source will be sold and could be demolished to make way for a new mixed use development.


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