Research Facts-

The Fayette mall was developed by Richard E. in 1971. The mall contained only a few stores such as Sears, Shillito's and Stewart Dry Goods. In 1982 they argued to expand the mall but it took a total of 5 years to finally get the go ahead on the expansion. In 2001 the mall was brought by CBL & Associates Properties Inc. Fayette Mall's sales for $492 per square foot and is the second-highest among CBL's properties. As of 2007 Fayette Mall featured 1,074,922 square feet of gross leasable area, 111 in-line stores and 5,704 parking spaces on 86.6 acres. There is no room for the mall to expand anymore so for a new store to come in they have to buy a old one out. This accrued because all the land around the mall was quickly brought up and developed into shopping centers. When they first built the mall there was nothing around it all. The road at which it is located on was just a gravel road and if you stood in front of the mall and looked either way you could barely see anything that resembled town at all. This was a big problem at first because everyone was mad that they were tarring down farm land to build a big mall in the middle of nowhere, but in return it became one of the smartest moves Lexington has ever done. It caused people to branch out of the downtown area and go to different parts of town. Due to all the new traffic on the road it ended up causing Lexington to grow tremendously fast because all the land between the mall and downtown Lexington was getting bought up by developers to build new stores and neighborhoods.