- Opening Date Slated for
SANTA MONICA, Calif.,
"We launched construction just over a year ago to begin transforming Santa
Monica Place from an enclosed, old-style mall into a modern, open-air center
with fresh retail offerings and a spectacular rooftop Dining Deck with views
of the ocean," said
"With Nordstrom opening just a few weeks after Bloomingdale's and Santa Monica Place are introduced, our guests can look forward to an exciting month full of exceptional debut experiences. August in Santa Monica is prime time for tourists, who, along with affluent local residents and the vibrant local business community, are an important target shopper base for the new Santa Monica Place," added Brant.
In addition to Bloomingdale's, which selected Santa Monica Place as the
site of its first SoHo concept store outside Manhattan, and Nordstrom,
retailers signed on for the project include Arthur, BCBGMAXAZRIA, Coach,
The urban beach environment at Santa Monica Place is a major focus of the
experience, which is keyed to the property's signature indoor/outdoor rooftop
Dining Deck featuring ocean views and a carefully selected set of chef-driven
restaurants and quick-casual dining options. Already announced restaurants
include two concepts from nationally recognized restaurateur
Santa Monica Place, which officially launched construction in
Key project milestones reached to date include:
-- Existing Santa Monica Place closes for redevelopment
-- New Santa Monica Place launches construction
-- Nordstrom announced
-- Bloomingdale's announced
-- First wave of specialty retailers and restaurants announced
-- Final piece of structural steel placed at the project
-- Second wave of restaurants and retailers announced
--
-- Bloomingdale's earns design approval for new store from City of Santa
Monica
Note: This release contains statements that constitute forward-looking
statements. Stockholders are cautioned that any such forward-looking
statements are not guarantees of future performance and involve risks,
uncertainties and other factors that may cause actual results, performance or
achievements of the Company to vary materially from those anticipated,
expected or projected. Such factors include, among others, general industry,
economic and business conditions, which will, among other things, affect
demand for retail space or retail goods, availability and creditworthiness of
current and prospective tenants, anchor or tenant bankruptcies, closures,
mergers or consolidations, lease rates and terms, interest rate fluctuations,
availability and cost of financing and operating expenses; adverse changes in
the real estate markets including, among other things, competition from other
companies, retail formats and technology, risks of real estate development and
redevelopment, acquisitions and dispositions; governmental actions and
initiatives (including legislative and regulatory changes); environmental and
safety requirements; and terrorist activities which could adversely affect all
of the above factors. The reader is directed to the Company's various filings
with the
Web site: http://www.macerich.com
SOURCE
CONTACT:
Web Site: http://www.macerich.com
http://www.santamonicaplace.com