Post by Ignored on Jul 7, 2023 17:45:46 GMT -5
Before it filed for bankruptcy in 1992, Alexander's also operated a department store chain that included 16 stores at its peak. All but one of the stores (at the time of the 1992 bankruptcy) were located in buildings owned by the company. Locations included a store that occupied the entire block between East 58th and 59th streets and Lexington and Third Avenues in Manhattan (now the location of 731 Lexington Avenue), a store in The Mall at the World Trade Center, and a store in Paramus, New Jersey that featured one of the largest murals in the world.
In 1986, Donald Trump bought approximately 20% of the company
In November 2012, the company sold the Kings Plaza mall in Brooklyn to Macerich for $751 million and used the proceeds to pay a $122 per share dividend to stockholders
One of the more famous things associated with Alexander’s was an abstract art mural painted on glass with enamel by Polish artist Stefan Knapp that was displayed on the outside of the Alexander’s location opposite Garden State Plaza in Paramus, New Jersey. The mural was hung on the side of the building facing New Jersey Route 4 and remained there until the building’s demolition in 1998.
Does any of our NJ crew have pictures of the mural?
