Square One Mall

{{about|the mall in Saugus, Massachusetts|the mall in Mississauga, Ontario|Square One Shopping Centre}}

{{Use mdy dates|date=April 2025}}

{{Use American English|date=February 2025}}

{{Infobox shopping mall

| name = Square One Mall

| image = Inside Square One Mall, Saugus MA.jpg

| caption = Inside Square One Mall

| location =Saugus, Massachusetts

| coordinates = {{coord|42.4608|-71.0273|display=inline,title|region:US-MA_type:landmark}}

| opening_date = {{Start date and age|August 17, 1994}}

| developer= New England Development Corporation

| manager=

| owner = Simon Property Group (56.4%)

| number_of_stores = 125

| number_of_anchors = 5 (4 open, 1 vacant)

| floor_area = {{convert|929,844|sqft|abbr=off|sp=us}}

| floors = 2

| parking = Lighted Lot
Parking Garage

| website = [http://www.simon.com/mall/square-one-mall www.square-one-mall.com]

}}

Square One Mall is a shopping mall located along US Route 1 (Broadway) between Main Street and Essex Street in Saugus, Massachusetts.{{ cite web|title=Square One Mall Information|url=http://www.simon.com/mall/mall_info.aspx?ID=340|publisher=Simon Property Group|access-date=2008-01-30|archive-url=https://web.archive.org/web/20040706004704/http://www.simon.com/mall/mall_info.aspx?ID=340|archive-date=2004-07-06|url-status=dead}} Anchor stores are Macy's, Dick's Sporting Goods, Best Buy and TJ Maxx. Additional stores in the mall include Old Navy, Forever 21, Famous Footwear, and Bath & Body Works.

In 1955, Alan and Milton Green purchased the former town farm property with plans to construct a large shopping center. The New England Shopping Center was completed in 1961 and included a W. T. Grant, Touraine's, and the largest Sears in New England.{{cite news |title=Seven Years of Faith and Perseverance Pay Off for Green Brothers in Saugus: Welcome Mat Out at N.E. Shopping Center |url=https://img.newspapers.com/img/img?user=1258313&id=433711178&clippingId=21944719&width=820&height=1318&crop=86_120_4822_7756&rotation=0 |access-date=29 December 2024 |work=The Boston Globe |date=September 27, 1961}}

In the 1980s, the property was acquired by Stephen R. Karp's New England Development Corporation, which planned on redeveloping the property into a shopping mall. The project was stalled by a lack of financing, but construction began in 1993 after financing was secured from several banks.{{cite news|url=http://www.highbeam.com/doc/1P2-8290231.html|title=Drumroll begins for a big mall...|newspaper=The Boston Globe|date=1994-07-31|access-date=2008-07-19}} The construction of the mall was unique since it incorporated the previously built structure of Sears, signs of this being the difference in building materials between Sears and the rest of the mall. The mall opened for business on August 17, 1994.{{cite news|url=http://nl.newsbank.com/nl-search/we/Archives?p_product=BG&p_theme=bg&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0EADE102489F4BD8&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM|title=Outlet Gambit Worcester Gets New Retailing Lure|newspaper=The Boston Globe|date=1994-10-04|access-date=2008-07-19|archive-url=https://archive.today/20120717171245/http://nl.newsbank.com/nl-search/we/Archives?p_product=BG&p_theme=bg&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0EADE102489F4BD8&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM|archive-date=2012-07-17|url-status=live}} Its first anchor stores were Sears, Service Merchandise, Filene's, Filene's Basement, and Lechmere. In 1998, Lechmere was replaced by TJ Maxx.{{cite news |last1=Convey |first1=Eric |title=Lord & Taylor parent buys Lechmere space |work=The Boston Globe |date=July 31, 1998}}

In 1999, New England Development Co. sold 14 of its malls, including Square One Mall, to Simon Property Group, for $1.725 billion.{{cite news |last1=Reidy |first1=Chris |title=Developer Karp to sell 14 malls Giant Simon Property to buy big portion of portfolio for $1.725b |work=The Boston Globe |date=September 26, 1999}}

In 2002, Best Buy acquired six of Service Merchandise's top-performing locations, including its Square One Mall location, as part of the chain's liquidation.{{cite news |title=Best Buy Purchases Six Service Merchandise Locations |work=Business Wire |date=August 15, 2002}}

In 2004, the store gained a new anchor tenant with the construction of a new space for Dick's Sporting Goods.{{cite news|url=http://www.boston.com/news/local/articles/2004/08/22/mall_pitches_sporting_goods_store?pg=full| title=Mall pitches sporting goods store|author=McCabe, Kathy|date=August 22, 2004|quote=...TJ Maxx & More took over the Lechmere space}}

Filene's Basement, one of the malls anchors, filed for bankruptcy protection on May 4, 2009.{{cite news|url=http://www.bostonherald.com/business/general/view/2009_05_05_N_Y__firm_to_nab_17_Filene_s_Basement_stores_for__22M:_A_buyer_is_in_the_basement/|title=N.Y. firm to nab 17 Filene’s Basement stores for $22M|work=Boston Herald|date=May 5, 2009|archive-url=https://web.archive.org/web/20120916211758/http://www.bostonherald.com/business/general/view/2009_05_05_N_Y__firm_to_nab_17_Filene_s_Basement_stores_for__22M:_A_buyer_is_in_the_basement/ |archive-date=September 16, 2012 }} It was acquired at auction by Syms Corporation, which reached an agreement with Simon Property Group to keep its Square One Mall, South Shore Plaza, Northshore Mall, and Arsenal Mall locations open until December 2011.{{cite news |last1=Abelson |first1=Jenn |title=2 more Filene's Basements to shut |work=The Boston Globe |date=October 19, 2011}}

In 2015, Sears Holdings spun off 235 of its properties, including the Sears at Square One Mall, into Seritage Growth Properties.{{Cite web|url=https://seritage.com/retail/property/1325-broadway/3312543/landing|title=At Square One Mall|website=Seritage}} Sears downsized its store to the lower level in 2017. The upper level of Sears is now vacant. On June 30, 2020, it was announced that Sears would be closing as part of a plan to close 28 stores nationwide. The store closed on September 13, 2020.{{Cite web|url=https://patch.com/massachusetts/melrose/square-one-mall-sears-closing-leaving-void-north-boston|title = Square One Mall Sears Closing, Leaving Void North of Boston|date = 8 July 2020}}