Latham Circle Mall
A former enclosed shopping mall in Latham, New York, that was redeveloped into an open-air retail plaza.
Last updated August 25, 2026
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Overview
Latham Circle Mall was a shopping center beside Latham Circle, the intersection of U.S. Route 9 and New York State Route 2 in Latham, New York. Its commercial history began in 1957, when the property opened as the open-air Latham Corners Shopping Center. The site was anchored by JCPenney from its opening, giving the complex a long-running department-store presence in the Latham market. In 1977, the center underwent a major conversion into a fully enclosed, temperature-controlled mall. The enclosed facility included JCPenney, Woolworth, and Boston Store as principal anchors. A further expansion in 1988 added a Caldor department store, a replacement JCPenney building, a second level, and a ten-screen cinema. These changes reflected the prevailing regional-mall model of the period, in which department stores and indoor entertainment were intended to draw customers from a broad suburban area. The property later experienced a sequence of anchor departures and replacements. A fire affected the two-level Boston Store space in the late 1980s; after remodeling, the location was occupied by Burlington Coat Factory in the early 1990s. Woolworth left in 1995 and was replaced by Stein Mart in 1998. Stein Mart closed in 2001, and the space was subsequently used by Gold's Gym, which relocated away from the property in 2005. Caldor closed in early 1999 after the chain entered liquidation, and its wing was demolished in 2003. A Lowe's store was developed on part of that area, although it operated separately from the enclosed mall structure. By the mid-2000s, the center had lost many tenants and was increasingly characterized as a declining or “dead” mall. A proposed 2007 renovation would have refaced the building and added tenants, but it was not completed. The property faced foreclosure and was reported to carry approximately $21 million in debt. In 2009, the lender LR6-A Latham L.L.C., affiliated with Realty Financial Partners, acquired the property at auction. Subsequent redevelopment efforts sought to replace most or all of the enclosed mall with a more contemporary retail format. CB Richard Ellis began leasing work in 2011, and a later proposal by Grossman Development Group was branded the Shoppes at Latham Circle. The plans contemplated retaining selected large-format retailers while introducing restaurants, grocery-related uses, and smaller stores. Regal Cinemas ultimately withdrew, Burlington closed in 2012, and demolition of the mall began in March 2013. JCPenney, the original and final long-term mall anchor, closed its location around January 2014. The remaining mall structures were subsequently removed or replaced as redevelopment proceeded. The successor retail plaza eventually included Walmart Supercenter, Bob’s Discount Furniture, Burlington Coat Factory in a new or returning location, GameStop, Moe’s, Jersey Mike’s Subs, a pizza restaurant, and other commercial tenants. Latham Circle Mall therefore survives primarily as a historical name associated with a former suburban mall site rather than as an operating shopping center.
History
Latham Circle Mall originated in 1957 as Latham Corners Shopping Center, an open-air retail plaza located beside Latham Circle in Latham, New York. JCPenney was part of the original development and remained associated with the property for more than five decades. In 1977, the center was converted into an enclosed and climate-controlled mall, bringing together JCPenney, Woolworth, and Boston Store as major anchors. The mall expanded in 1988. The project added Caldor, constructed a replacement JCPenney store, created a second level, and introduced a ten-screen movie theater. The Boston Store space was affected by a fire in the late 1980s and was later remodeled for Burlington Coat Factory. Woolworth closed in 1995, and Stein Mart occupied the former space from 1998 until 2001. Gold's Gym subsequently used the location before moving elsewhere in 2005. Caldor closed in early 1999 when the chain went out of business. Its wing was demolished in 2003 to make room for Lowe's, which operated as a separate large-format retail use rather than as an integrated tenant of the enclosed mall. Other stores continued to leave during the 2000s, and the property developed a reputation as a declining or dead mall. A comprehensive renovation announced in 2007 was intended to modernize the exterior and attract new tenants, but the plan did not proceed. The property later entered foreclosure proceedings and was reported to have approximately $21 million in debt. In September 2009, LR6-A Latham L.L.C., connected with the Massachusetts-based real estate investment firm Realty Financial Partners, acquired the property at auction. Leasing responsibility shifted to CB Richard Ellis in 2011. Its redevelopment concept proposed reducing or removing the indoor mall format and combining retained anchors with shops, restaurants, and grocery-oriented uses. In 2012, Grossman Development Group advanced a related proposal called the Shoppes at Latham Circle. The plan initially contemplated keeping JCPenney, Lowe's, and Regal Cinemas, but Regal later withdrew. Burlington closed in May 2012, and the enclosed mall began demolition in March 2013. Dick's Sporting Goods was identified as an early tenant for the replacement project. JCPenney closed around January 4, 2014. A later revision called for the remaining mall portion associated with JCPenney and the former cinema to be replaced by additional retail space; Bob's Discount Furniture and LA Fitness were among the proposed uses. Walmart announced in April 2014 that it would build a Supercenter at the new plaza. By 2018, the redeveloped property was reported to include Walmart Supercenter, Bob's Discount Furniture, Burlington Coat Factory, GameStop, Moe's, a pizza restaurant, and Jersey Mike's Subs. The original enclosed shopping mall is therefore defunct, with its site repurposed as a contemporary open-air retail plaza.
- 2018
Redeveloped plaza is operating
[1]The successor retail plaza is reported to contain Walmart Supercenter, Bob's Discount Furniture, Burlington Coat Factory, restaurants, and other stores.
- 2014
JCPenney closes
[1]The long-standing anchor closes around January 4, ending the original mall's remaining major tenancy.
- 2013
Mall demolition begins
[1]Demolition starts as the property is converted into a new retail plaza.
- 2009
Property changes hands through foreclosure auction
[1]LR6-A Latham L.L.C. acquires the distressed property at auction.
- 2003
Caldor wing is demolished
[1]The former Caldor wing is removed for a Lowe's development.
- 1999
Caldor closes
[1]Caldor leaves after the chain ceases operations; its wing is later demolished.
- 1988
Major expansion
[1]The mall adds Caldor, a replacement JCPenney, a second level, and a ten-screen cinema.
- 1977
Conversion to an enclosed mall
[1]The open-air center is transformed into a fully enclosed, temperature-controlled mall.
- 1957
Latham Corners Shopping Center opens
[1]The site opens as an open-air shopping center, with JCPenney among its original major tenants.
Products and positioning
A suburban department-store-anchored shopping center that evolved from an open-air plaza into an enclosed mall and was later replaced by an open-air retail development.
Retail real estate · 1977
Enclosed shopping mall
The principal offering was an enclosed suburban shopping environment containing department stores, specialty retailers, food businesses, and entertainment. After its 1977 conversion, the mall provided climate-controlled indoor circulation and later added a second level and cinema.
Entertainment · 1988
Ten-screen cinema
A ten-screen movie theater was added during the 1988 expansion and was later operated by Regal Cinemas. Regal eventually closed and withdrew from the redevelopment plan before the mall was demolished.
Retail real estate · 2013
Redeveloped open-air retail plaza
The replacement development shifted the property away from the enclosed-mall model toward large-format retail, restaurants, and smaller commercial units. Reported tenants included Walmart Supercenter, Bob's Discount Furniture, Burlington Coat Factory, GameStop, Moe's, Jersey Mike's Subs, and a pizza restaurant.
Brand decisions
2014
Replacement of the remaining mall structureStrategyBackground
JCPenney closed in early 2014, leaving no major tenant tied to the original enclosed mall operation.
Action taken
Grossman revised the redevelopment plan to remove the remaining portion associated with JCPenney and the former cinema and substitute additional retail space.
Aftermath
The site evolved into an open-air plaza anchored by large-format retailers and restaurants.
2012
Shoppes at Latham Circle redevelopmentStrategyBackground
Grossman Development Group proposed a new retail format after the enclosed mall had lost several major tenants.
Action taken
The proposal sought to retain JCPenney and Lowe's, initially preserve Regal Cinemas, and add new retail and service tenants.
Aftermath
Regal withdrew, demolition began in 2013, and later revisions replaced the remaining mall structures with additional retail space.
2011
Shift toward a reduced indoor-mall formatStrategyBackground
Tenant departures and the property's declining performance prompted a new leasing and redevelopment approach.
Action taken
CB Richard Ellis took over leasing and promoted a concept combining retained anchors with shops, restaurants, grocery uses, and substantially less enclosed mall space.
Aftermath
The concept developed into the Shoppes at Latham Circle proposal and ultimately led to demolition of the original mall.
2007
Proposed comprehensive mall renovationStrategyBackground
The aging mall was losing tenants and needed modernization to compete with other retail destinations in the Albany-area market.
Action taken
A plan was reported to reface the building and introduce new tenants.
Aftermath
The renovation did not materialize, and the property later entered foreclosure and redevelopment planning.
Recent events
- 2014
JCPenney closes its Latham Circle location[1]
Other
JCPenney, which had operated at the site since the original 1957 opening, closed its location around January 4, 2014.
- 2014
Walmart announces a new Supercenter for the redeveloped site[1]
Product launch
Walmart announced plans for a Supercenter at the new plaza, intended to replace a nearby discount store at Latham Farms.
- 2013
Demolition begins as mall redevelopment proceeds[1]
Other
Demolition began in March 2013. Dick’s Sporting Goods was announced as an early tenant for the proposed replacement development, while the remaining mall tenancy contracted sharply.
- 2012
Grossman Development Group proposes the Shoppes at Latham Circle[1]
Other
A new redevelopment proposal sought to retain JCPenney and Lowe’s while reshaping the property into a more open retail center. Regal Cinemas later withdrew from the plan.
- 2011
CB Richard Ellis takes over leasing[1]
Other
CB Richard Ellis assumed leasing responsibilities and presented a plan based on a smaller indoor component alongside anchors, shops, restaurants, and grocery uses.
- 2009
Lender acquires Latham Circle Mall at auction[1]
M&A · Bankruptcy
After foreclosure proceedings, LR6-A Latham L.L.C., an affiliate of Realty Financial Partners, bought the mall property at auction.
- 2007
Mall renovation proposal fails to materialize[1]
Other
A reported redevelopment concept called for extensive exterior refacing and new tenants, but the renovation was never carried out.
Sources1 sources
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