Gadsden Mall Mallmanac, ca. 1996. View the full PDF version here.
Gadsden Mall made its debut in 1974, rising on a rather unique piece of real estate for such a structure. It was built on a peninsula within a site that was surrounded on two sides by Lake Black Creek with the Coosa River running past the third. Though this made for a lovely setting, it prohibited any real expansion opportunities or construction of peripheral businesses. Despite these limitations, the shopping center opened with three full line department stores, JCPenney, Sears and McRae's, though I'm thinking that the last may have actually originated as Pizitz, but I can't be completely sure.
In the early nineties, a Belk was added to the front of the mall. In later years, JCPenney vacated their space on the flanking side before a Premier Cinema was built in its place. When McRae's was purchased by Belk, the new parent company consolidated all of their operations into the original space. The recently built front facing space was eventually filled when JCPenney returned to the area after a few years' absence.
Gadsden Mall does its job fairly adequately, considering the distressed economy and demographic that it serves. But I'm fearful that if the city's situation continues to makes little to no progress, the picturesque lakeside retail facility may not be long for this world. And I really don't think a Wal-Mart Supercenter would make for nearly as nice a reflection off of the surrounding waters.