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Contributed by:
Nicole Cosme
on 8/24/2006
Southwest Plaza is enhancing its retail mix to better serve its customers. The changes include a new 180,000-square-foot flagship Dillard's, which will open in November 2006 at the northwest corner of the shopping center. The new store replaces Dillard's current 130,000-square-foot Southwest Plaza location. The additional space allows Dillard's to expand its merchandise offerings, including its heightened focus on upscale and fashion-forward selections.
Immediately following Dillard's transition to their new store, Southwest Plaza's owner, General Growth Properties, will acquire the former Dillard's building and re-develop the space for two new large-format retailers. Construction will begin early 2007 on a new 64,000-square-foot Dick's Sporting Goods store on the upper level with a slated opening of fall 2007. The store will serve active residents with a wide variety of sporting goods and accessories. The addition of the sporting goods store at Southwest Plaza will be the perfect place to shop for athletes and outdoor enthusiasts alike. General Growth Properties is currently working with a potential retailer to fill the remaining approximate 66,000-square-feet on the lower level at the former Dillard's location.
Also new at Southwest Plaza, Foleys will transition on September 9 th, 2006, to the Macy's brand. Macy's is a national brand delivering fashion and affordable luxury to customers coast to coast. Customers will benefit from having the best of both worlds - the national reach of the Macy's brand, along with community commitment and local focus for which May Company and Federated are well known. Customers will enjoy the fashion and affordable luxury they find in Macy's stores. Macy's has strengthened their brand with distinctive assortments, simplified pricing, an improved shopping experience and enhanced marketing. With this expanded geographic coverage more customers than ever will benefit from the Macy's Star Rewards customer loyalty program and a nationwide wedding registry.
November will also bring the opening of Spicy Pickle restaurant in Southwest Plaza's "streetscape" addition, joining Panera Bread, Tokyo Joe's and Juan's Mexicali.
Southwest Plaza is owned and managed by General Growth Properties, Inc., the second largest U.S.-based publicly traded Real Estate Investment Trust (REIT). General Growth currently has ownership interest and management responsibility for a portfolio of more than 200 regional shopping malls in 44 states, as well as ownership in planned community developments and commercial office buildings. The Company portfolio totals approximately 200 million square feet of retail space and includes more than 24,000 retail stores nationwide. General Growth Properties, Inc. is listed on the New York Stock Exchange under the symbol GGP. For more information, please visit the Company Web site at
http://www.generalgrowth.com
.
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CONTRIBUTOR INFORMATION
Nicole Cosme
Littleton
, CO
Nicole Cosme has posted
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