Macerich’s Current Redevelopment at Scottsdale Fashion Square Progresses with More Retail Space for Men, More Dining
30 Agosto 2023 - 10:57AM
Macerich (NYSE: MAC), one of the nation’s leading owners, operators
and developers of high-quality retail and mixed-use properties in
top markets, today detailed progress for its current redevelopment
of the south wing at Scottsdale Fashion Square, including more
experiential dining and more retail space dedicated exclusively to
men.
During Macerich’s Q2 2023 earnings call with analysts, Macerich
Senior Executive Vice President of Leasing Doug Healey discussed
exciting updates in the food and beverage category at Scottsdale
Fashion Square, announcing that noted seafood restaurant
Catch will open its only Arizona location flanking
one side of the Nordstrom wing’s new, high-profile porte cochere
entrance – providing direct access to more luxury – while
Élephante will flank the other side. Catch is an
Asian-inspired, globally influenced menu offering great food and
great service in a lively atmosphere, with seven units open to date
in Las Vegas, New York, Los Angeles and Aspen.
“In addition to the wealth of outstanding dining we continue to
bring to Scottsdale Fashion Square, now including Catch, a major
story emerging from our consistent reinvestment in this
one-of-a-kind property in Arizona is the success and growth of
men’s luxury,” said Healey. “Beyond dedicated standalone luxury
stores for men from Gucci and Louis
Vuitton, both now open and doing very well, we continue to
see top global luxury flagships here dedicating more store space to
the men’s market. This includes DIOR, which
features men’s lounge seating and other elevated experiences just
for men, plus Salvatore Ferragamo,
Christian Louboutin and others. It’s a remarkable
phenomenon and Scottsdale Fashion Square is at the forefront of
this key trend.”
In all, Macerich properties saw an 8% sales increase year over
year in men’s apparel (clothing and shoes), and the top 10 Macerich
centers by sales per square foot, which includes Scottsdale Fashion
Square, saw a 13% year-over-year increase in this growing
category.*
And it’s not just men’s luxury: The redevelopment at Scottsdale
Fashion Square encapsulates a wide variety of retail options for
all occasions. Coming soon are full details on a first-of-its kind
flagship in the south wing from premier, aspirational lifestyle
brand TravisMathew.
About Scottsdale Fashion SquareScottsdale
Fashion Square is one of the nation's premier shopping, dining
and entertainment destinations, with 1.9 million square feet and
more than 240 shops and restaurants, plus a growing variety of
exciting new uses including the newly opened, four-level Life Time
Fitness – whose memberships are already sold out – and Caesars
Republic Scottsdale, the first non-gaming hotel from the famed
Caesars brand, set to open in 2024. Great names at the property
also include Alo Yoga, Apple, Brunello Cucinelli, Buck Mason,
H&M, Lacoste, Levi’s, Lucid Motors, Lululemon, M.A.C Cosmetics,
Nespresso, Sephora, Tesla, Tumi and Zara, plus large-format DICK’s
Sporting Goods, Dillard’s, Harkins Theatres, Macy’s, Neiman Marcus
and Nordstrom. The property features a wide variety of exciting
dining, from upscale to casual, including Francine, Nobu, Ocean 44,
Toca Madera, plus Fired Pie, Shake Shack and more. Additional
information about Scottsdale Fashion Square can be found
at www.fashionsquare.com.
About Macerich
Macerich is a fully integrated, self-managed and
self-administered real estate investment trust (REIT). As a
leading owner, operator and developer of high-quality retail real
estate in densely populated and attractive U.S. markets, Macerich’s
portfolio is concentrated in California, the Pacific Northwest,
Phoenix/Scottsdale, and the Metro New York to Washington, D.C.
corridor. Developing and managing properties that serve as
community cornerstones, Macerich currently owns 47 million square
feet of real estate consisting primarily of interests
in 44 regional town centers. Macerich is firmly
dedicated to advancing environmental goals, social good and sound
corporate governance. A recognized leader in sustainability,
Macerich has achieved a #1 Global Real Estate
Sustainability Benchmark (GRESB) ranking for the North
American retail sector for eight consecutive years
(2015-2022). For more information, please
visit www.Macerich.com.
Macerich uses, and intends to continue to use, its Investor
Relations website, which can be found
at investing.macerich.com, as a means of disclosing material
nonpublic information and for complying with its disclosure
obligations under Regulation FD. Additional information about
Macerich can be found through social media platforms such as
LinkedIn. Reconciliations of non-GAAP financial measures, including
NOI and FFO, to the most directly comparable GAAP measures are
included in the earnings release and supplemental filed on Form 8-K
with the SEC, which are posted on the Investor Relations website
at investing.macerich.com.
*Source: Scarborough Research Market/Release: Market/Release:
Multi-Market 2022 Release 2 Total (Jun 2021 - Oct 2022)
MAC-LSOURCE: MacerichMEDIA CONTACT: Karen Maurer, Macerich,
602-708-6311, Website: http://www.macerich.com
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