{"id":9686,"date":"2023-10-03T02:48:59","date_gmt":"2023-10-03T07:48:59","guid":{"rendered":"https:\/\/1reason.com\/re\/macerichs-current-redevelopment-at-scottsdale-fashion-square-progresses-with-more-retail-space-for-men-more-dining\/9686\/"},"modified":"2023-10-03T21:48:59","modified_gmt":"2023-10-04T02:48:59","slug":"macerichs-current-redevelopment-at-scottsdale-fashion-square-progresses-with-more-retail-space-for-men-more-dining","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/macerichs-current-redevelopment-at-scottsdale-fashion-square-progresses-with-more-retail-space-for-men-more-dining\/9686\/","title":{"rendered":"Macerich\u2019s Current Redevelopment at Scottsdale Fashion Square Progresses with More Retail Space for Men, More Dining"},"content":{"rendered":"
, Aug. 30, 2023 (GLOBE NEWSWIRE) — Macerich (NYSE: MAC<\/u><\/a>), one of the nation\u2019s 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. <\/p>\n

During Macerich\u2019s 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 <\/strong>will open its only Arizona location flanking one side of the Nordstrom wing\u2019s new, high-profile porte cochere entrance \u2013 providing direct access to more luxury \u2013 while \u00c9lephante <\/strong>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.<\/p>\n

\u201cIn 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\u2019s luxury,\u201d said Healey. \u201cBeyond dedicated standalone luxury stores for men from Gucci <\/strong>and Louis Vuitton<\/strong>, both now open and doing very well, we continue to see top global luxury flagships here dedicating more store space to the men\u2019s market. This includes DIOR,<\/strong> which features men\u2019s lounge seating and other elevated experiences just for men, plus Salvatore Ferragamo<\/strong>, Christian Louboutin<\/strong> and others. It\u2019s a remarkable phenomenon and Scottsdale Fashion Square is at the forefront of this key trend.\u201d<\/p>\n

In all, Macerich properties saw an 8% sales increase year over year in men\u2019s 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.*<\/p>\n

And it\u2019s not just men\u2019s 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. <\/strong><\/p>\n

About Scottsdale Fashion Square<\/strong>
Scottsdale Fashion Squareis 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 \u2013 whose memberships are already sold out \u2013 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\u2019s, Lucid Motors, Lululemon, M.A.C Cosmetics, Nespresso, Sephora, Tesla, Tumi and Zara, plus large-format DICK\u2019s Sporting Goods, Dillard\u2019s, Harkins Theatres, Macy\u2019s, 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 aboutScottsdale Fashion Squarecan be found at www.fashionsquare.com<\/a>.<\/p>\n

About Macerich<\/strong><\/p>\n

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\u2019s 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 in44regionaltown centers. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieveda#1 Global Real Estate Sustainability Benchmark (GRESB) rankingforthe North American retail sector foreight consecutive years (2015-2022). For more information, please visitwww.Macerich.com<\/u><\/a>.<\/p>\n

Macerich uses, and intends to continue to use, its Investor Relations website, which can be found atinvesting.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 atinvesting.macerich.com.<\/p>\n

*Source: Scarborough Research Market\/Release: Market\/Release: Multi-Market 2022 Release 2 Total (Jun 2021 – Oct 2022)<\/p>\n

MAC-L
SOURCE: Macerich
MEDIA CONTACT:
Karen Maurer, Macerich, 602-708-6311, Website: http:\/\/www.macerich.com<\/u><\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

\n

Men\u2019s Luxury at Scottsdale Fashion Square Continues to Deliver Remarkable Success with Standalone Gucci and Louis Vuitton Men\u2019s Stores<\/p>\n

DIOR, Salvatore Ferragamo, Christian Louboutin and Others Now DedicateMore Shop Space to Men<\/p>\n

A Media Snippet accompanying this announcement is available by clicking on the image or link below:<\/p>\n<\/p>\n

SANTA MONICA, Calif.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/9686"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=9686"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/9686\/revisions"}],"predecessor-version":[{"id":9696,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/9686\/revisions\/9696"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=9686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=9686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=9686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}