Rego Center Phase I and Phase II are the names of a shopping mall bordered by Long Island Expressway, Junction Boulevard, Queens Boulevard, 63rd Drive, and 99th Street in Rego Park, Queens, New York. The mall was built on the grounds of the former "Fairyland" amusement park.DevelopmentThe property was originally Alexander's, a New York City discount department store.Phase II of the mall, which is an annex to the already open Phase I, opened on March 3, 2010 with 950000sqft of retail space. Costco, Kohl's, Century 21, T.J. Maxx, and Toys "R" Us/Babies "R" Us have opened. Retailers also include Bed Bath and Beyond, Marshalls, Old Navy and Burlington Coat Factory in Phase I. An Aldi supermarket also opened on level 1 in February 2011. The nearest competitor malls are Queens Center and Queens Place Mall., Vornado Realty Trust, the mall's owner, is developing a 312-unit residential tower on top of the mall's phase II, due to a surge in young professionals moving into the area. About 20% of the units are studio apartments, with the rest being one- and two-bedroom apartments.