Cheesecake Factory announces opening at Green Acres Mall by 2026

In the United States, particularly in New York, a significant redevelopment project is underway at Green Acres Mall in Valley Stream. Scheduled to conclude in late 2026, this project will not only introduce the Cheesecake Factory but also include 370,000 square feet of new developments, including restaurants, entertainment venues, and a new ShopRite supermarket, enhancing the mall's appeal. The ambitious redevelopment is part of a broader strategy to attract upscale tenants and improve the mall's market position against the backdrop of declining foot traffic at shopping centers nationwide. Commencing demolition work this month, the redevelopment project is projected to cost between $130 million and $150 million. Macerich, the managing company, aims to boost the mall's tenancy and retail offerings in response to changing consumer behaviors and the competitive landscape of online retail. The Green Acres Mall has a substantial footprint, covering 2.06 million square feet on a 100-acre campus, and generates impressive revenue with $1 billion in retail sales. Interestingly, despite a slight decline in foot traffic for the Cheesecake Factory chain, sales have remained stable largely due to a 4% menu price increase. Presently, the Cheesecake Factory operates 355 locations across North America, which includes four existing locations across Long Island. This new addition at Green Acres Mall is set to further solidify the brand's presence in the area while responding to the demand for more dining options in shopping environments. The ongoing redevelopment reflects a trend among retail spaces to evolve by incorporating more dining options and experiential venues. With the decline of foot traffic a concern across many retail operations, eateries have increasingly been seen as key drivers of customer visits. As shopping centers adapt to the new retail paradigm, the introduction of restaurants and entertainment options could play a pivotal role in revitalizing such communities and ensuring sustained visitor engagement in the future.