Mills Corporation

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## Mills Corporation

### Founded

1967; 53 years ago (as Western Development Corporation)1985 (as Mills Corporation)

### Headquarters

5425 Wisconsin Avenue, Chevy Chase, MD 20815

### Products

Shopping Malls
 Entertainment

### Subsidiaries

21st Century Retail
Landmark Mills
 The Block
Xanadu

**The Mills Corporation** (**The Mills**) is a publicly-traded real estate investment trust headquartered in Chevy Chase, Maryland, United States. The company developed, owns, and operates major super-regional shopping malls. The company built 18 "Landmark" centers in which the malls were named after "Mills", like "Vaughan Mills," or "St. Louis Mills"; and also over 20 "21st Century Retail" regional malls that they started operating in 2002, like Del Amo Fashion Center and Southdale Center. Most Mills facilities have a large movie theater from 10–30 screens, a large food court (sometimes two), and a least two restaurants. Their facilities were normally built in colorful modern/abstract architectural designs, but in recent years have been renovated to more conventional designs with mainly neutral colors.

## Company History

The company started in 1967 as the Western Development Corporation, and its first mall was Potomac Mills in the Washington, D.C. metropolitan area in 1985. Then from 1989–1991, Franklin, Sawgrass, & Gurnee Mills opened each of those years, respectively. In 1994 the company converted to REIT status and changed its name to "The Mills Corporation".

In 1996, with new CEO Lawrence Siegel, The Mills built Ontario Mills near Los Angeles, which was the company's first mall built abstractly and with a full oval racetrack design which followed into the rest of the company's built malls. Since opening Ontario Mills until 2005 with Pittsburgh Mills, The Mills built and opened at least one or two landmark malls each year.

In 2002, The Mills acquired six regular retail malls including the ailing Forest Fair Mall (became Cincinnati Mills from 2004–2009, now known as The Mills at Forest Fair) and a nine mall portfolio in 2004, including former Taubman Centers, like Columbus City Center in order to redevelop & expanded to be more affordable centers. Also, the company also expanded to Europe with the opening of Madrid Xanadu in Spain.

The success of Madrid Xanadu prompted The Mills to embark on the $1 billion+ Meadowlands Xanadu complex in 2004, which was first planned as "Meadowlands Mills," but the project has caused numerous delays and cost the company financially.

In November 2004, Vaughan Mills was the first Mills Landmark built in Canada, and continued its international success with the acquisition of the St. Enoch Centre in Scotland and was offered to build a center in Rome, Italy.

After their last built mall was opened, Galleria at Pittsburgh Mills in July 2005, the company was investigated by the Securities & Exchange Commission for its financial problems.

In 2012, The Mills acquired Carousel Center in Syracuse, New York giving the mall a complete redevelopment project and new name, "DestiNY USA". It was one of The Mills' most ambitious project along with the Meadowlands Xanadu project. While part of the Landmark Mills for a brief time, the Mills announced in late 2020 that two of its malls would secede from the Landmark Mills portfolio and into "The Dream" project.

In 2015, Glichmer Property Trust was acquired by the Mills Corporation. In 2018, The Mills Corporation acquired Kohan Retail Investment Group. In Late 2019, The Mills Corporation announced a merger with the Canadian real estate partner Ivanhoé Cambridge, the final company being The Mills Corporation.

In Mid-2020, The Mills had a conference where they announced the creation of the Dreams projects around the globe. Within the same conference, they announced the disassociation of the Xanadu branding most of their malls, and instead, will go to their entertainment division, which would be renamed later that year.

## Properties

See also: Mills Corporation/Properties

The majority of the Mills Corporation's malls are kind of a mix of a regular and an outlet mall.

### Landmark Mills (AKA "The Mills"; the property group's flagship chain)

* USA (1985-present)
	+ Potomac Mills (1985-present) - DC Area
	+ Franklin Mills (1989-present) - Philadelphia
	+ Sawgrass Mills (1990-present) - Ft. Lauderdale
	+ Gurnee Mills (1991-present) - Chicago
	+ Ontario Mills (1996-present) - LA Area
	+ Grapevine Mills (1997-present) - DFW
	+ Arizona Mills (1997-present) - Phoenix
	+ Concord Mills (1999-present) - Charlotte
	+ Katy Mills (1999-present) - Houston
	+ Opry Mills (2000-present) - Nashville
	+ Arundel Mills (2000-present) - Baltimore
	+ Sugarloaf Mills (2001-present) - Atlanta
	+ Colorado Mills (2002-present) - Denver
	+ Great Mall of the Bay Area (1994-present) - San Jose (Acquired in 2003)
	+ Great Mall of the Great Plains (1997-present) - Olathe (Acquired in 2003)
	+ St. Louis Mills (2003-present) - St. Louis
	+ The Mills at Forest Fair (1988-present) - Cincinnati (Acquired in 2003, to secede from the portfolio)
	+ Pittsburgh Mills (2005-present) - Pittsburgh
	+ The Mills at Marketplace (1982-present) - Rochester (Acquired in 2010)
	+ Laredo Mills (2012-present) - Laredo
	+ Independence Mills (2014-present) - Boston
	+ The Mills at Jersey Gardens (1999-present) - NYC/Newark (Acquired in 2015)
	+ DestiNY USA - The Mills (1990-present) - Syracuse (Acquired 2012; Added in 2017, to secede from the portfolio)
* Canada (2004-present) - All Canadian Mills co-owned & operated by Ivanhoé Cambridge
	+ Vaughan Mills (2004-present) - Toronto
	+ CrossIron Mills (2009-present) - Calgary
	+ Tsawwassen Mills (2016-present) - Vancouver
	+ Quebec Mills Project (cancelled) - Montreal

### 21st Century Retail & Entertainment

* Broward Mall (Plantation, FL; 1978-present) - Acquired 2003
* Del Amo Fashion Center (Torrance, CA;) - Acquired 2003
* Dover Mall (Dover, DE;) - Acquired 2003
* [./https://usastorefanon.fandom.com/wiki/Eastern\_Hills\_Mall Eastern Hills Mall] () - Acquired 2012
* [./https://usastorefanon.fandom.com/wiki/The\_Esplanade The Esplanade] (Kenner, LA;) - Acquired 2003
* Galleria at White Plains (White Plains, NY;) - Acquired 2003
* Northpark Mall (Ridgeland, MS;) - Acquired 2003
* [./https://usastorefanon.fandom.com/wiki/The\_Shops\_at\_Riverside The Shops at Riverside] (Bergen, NJ;) - Acquired 2003
* Southdale Center (Edina, MN;) - Acquired 2003
* Southridge Mall (Milwaukee, WI;) - Acquired 2003
* Westland Mall (Hialeah, FL; 1971-present) - Acquired 2003

### "The Dreams"

* American Dreams
	+ American Dream Miami (Miami, FL) - currently in development (to open in 2022)
	+ Atlantic City project (Atlantic City, NJ) - announced; pending development
	+ Burbank project (Burbank, CA) - announced; pending development
	+ CORE Las Vegas (Las Vegas, NV) - pending acquisition; pending development
	+ Desti**ny** USA (Syracuse, NY; 1990-present) - Syracuse, NY (Acquired 2012; Added in 2017)
	+ Forest Fair (Cincinnati, OH; 1988-present)
	+ Hawaiian Dream (Hawaii, US) - announced; pending development
	+ Meadowlands Xanadu (East Rutherford, New Jersey; 2010-present)
	+ Memphis project (Memphis, TN) - announced; pending development
	+ **Mi**lestone USA (Detroit, MI) currently in development (to open in 2022)
	+ Silver Spring project (Silver Spring, MD) - announced; pending development
	+ Staten Island project (Staten Island, NY) - announced; pending development
	+ Tampa project (Tampa, FL) - announced; pending development
* Chinese Dreams
	+ Beijing project (Beijing, CN) - announced; pending development
	+ Mall of China (Dalian, Liaoning) - announced; pending development
	+ Shanghai project (Shanghai, CN) - announced; pending development
	+ South China Mall (Dongguan, Guangdong; 2005-present) - pending acquisition; pending development
	+ Triple Five Wenzhou Mall (Wenzhou, Zhejiang) - announced; pending development
	+ Zhuhai project (Zhuhai, Guangdong) - announced; pending development
* Canadian Dreams
	+ CORE Calgary (Calgary, AB; ) - pending acquisition
	+ Metropolis at Metrotown (Burnaby, BC; ) - pending acquisition
	+ Niagara Falls project (Niagara Falls, ON; ) - announced; pending development
	+ West Edmonton Mall (Edmonton, AB; ) - pending acquisition
* Destuche Dreams
	+ Munich project (Munich, Bavaria) - announced; pending development
	+ Oberhausen project (Oberhausen, NRW) - announced; pending development Korean Dreams
	+ Changwon project (Changwon, South Korea) - announced; pending development
	+ Incheon project (Incheon, South Korea) - announced; pending development
* Arabian Dreams
	+ Dubai project (Dubai, UAE) - announced; pending development
* Japanese Dreams
	+ Osaka project (Osaka, JP) - announced; pending development
* English Dreams
	+ Holbeck project (Holbeck, Leeds, England) - announced; pending development
* Russian Dreams
	+ St. Petersburg project (St. Petersburg, Russia) - announced; pending development
* Spanish Dreams
	+ Madrid Xanadu (2003-present)
* Australian Dreams
	+ Sydney project (Moore Park, NSW) - announced; pending development

### Ironworks

* Stonebridge at Potomac - An Ironworks Property (2008-present) - Added to Ironworks in 2018
* [./https://usastorefanon.fandom.com/wiki/The\_Knitting\_Mills\_-\_An\_Ironworks\_Property The Knitting Mills - An Ironworks Property] - (2019-present) - Acquired 2018
* [./https://usastorefanon.fandom.com/wiki/Pocono\_Commons\_-\_An\_Ironworks\_Property Pocono Commons - An Ironworks Property] (1990-present) - Acquired 2018
* [./https://usastorefanon.fandom.com/wiki/Park\_370\_-\_An\_Ironworks\_Property Park 370 - An Ironworks Property] (2010-present) - Acquired 2018
* [./https://usastorefanon.fandom.com/wiki/Navy\_Yard\_-\_An\_Ironworks\_Property Navy Yard - An Ironworks Property] (2008-present) - Acquired 2018
* [./https://usastorefanon.fandom.com/wiki/The\_Waterfront\_-\_An\_Ironworks\_Property The Waterfront - An Ironworks Property] (2004-present) - Acquired 2018
* Ironworks Willingboro (2019-present) - Acquired 2018
* Ironworks Christiana (Opening 2021)

### The Block

* The Block at Orange (1998-present)
* Broadway at the Beach - The Block (1995-present) - Acquired 2006
* The Block at the Source (1997-present) - Acquired 2009
* The Block at Jazzland (2017-present)

## Xanadu Entertainment (formerly Landmark Entertainment from 2007-2020)

### WOA - The Worlds of Adventure

* Darien Lake
* Elitch Gardens
* Geauga Lake (co-owned by Six Flags)
* Great Adventure (co-owned by Six Flags)
* Jazzland Resort
* Opryland USA (co-owned by Gaylord Entertainment)

**Shopping Malls**
*The Block*: The Block at Orange | The Block at the Source | Broadway at the Beach - The Block
*The Dreams*: Madrid Xanadu | Meadowlands Xanadu | Desti**ny** USA

**Landmark Entertainment**
*Landmark Retailing*: Nickelodeon Store | Paramount Store | Club Libby Lu
*Former Ventures*: NFL GridIron Grill