Santa Monica, Calif. — Macerich, one of the nation’s leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in top markets, is underway on the next phase of ongoing reinvestment in its iconic Scottsdale Fashion Square located in Scottsdale, Ariz.
Plans include an extensive interior and exterior renovation of the south wing, building on the successful first phase that launched the property’s spectacular luxury wing in 2018. New, complementary uses coming soon to Scottsdale Fashion Square include high-end fitness + wellness destination Life Time Scottsdale and the new Caesars Republic Scottsdale boutique hotel.
The ongoing renovations come as Scottsdale Fashion Square marks its 60th anniversary.
“Macerich is dedicated to consistently reinvesting in and elevating our top regional town centers, and Scottsdale Fashion Square is among the most productive in our portfolio,” says Tom O’Hern, chief executive officer of Macerich. “Scottsdale Fashion Square is already the region’s undisputed luxury leader, and the tremendous success of our luxury wing demonstrates the strong appetite among retailers and shoppers for even more high-end experiences throughout this top-performing property. This multi-phased project is part of Macerich’s long term strategy, as well as the center’s own history, of continually reinvesting in our irreplaceable retail destinations. We see great opportunity to further extend our luxury presentation into the south wing to welcome more of the world’s best brands and experiences, in line with the outstanding demographics and growth in the Scottsdale-Phoenix market.”
Specifically, the next phase of the property’s multi-dimensional project will update and redefine the south wing anchored by Nordstrom. Scottsdale Fashion Square will extend its luxury presentation beyond the luxury wing itself, creating a striking arrival point, complete with luxury valet service, at the property’s most active entrance. Also planned for this phase are two-story storefronts and exterior-facing retail buildings at the south entrance, and a porte cochere that will incorporate up to five destination restaurants.
Interior renovation elements for the south wing include upscale new finishes, new natural stone flooring, three spectacular custom light fixtures and recessed LED lighting, elegant furnishings, better sightlines to highlight individual retailers and more. Everything will come together to deliver a more cohesive and holistic luxury experience for guests and retailers throughout the property.
The luxury wing debuted at Scottsdale Fashion Square in November 2018. New luxury retailers and restaurants include Dior, Saint Laurent and Nobu, along with luxury brands already established at the center: Louis Vuitton, St. John, Jimmy Choo, Bottega Veneta and more.
Scottsdale Fashion Square is one of the nation’s premier shopping destinations, with 1.9 million square feet and more than 240 shops and restaurants. For more information, visit www.fashionsquare.com.
Macerich is currently planning the addition of more mixed-use elements at Scottsdale Fashion Square on a 7-acre parcel immediately north of the mall that reaches from Goldwater Boulevard to Scottsdale Road. The plan will incorporate high-end residential units, class A office space and hospitality uses. As has been experienced at other Macerich properties, the addition of these complementary uses increases the customer base and sales potential for retailers at the property.
Macerich dominates the retail landscape in Arizona with nine regional shopping centers in the Phoenix metro area. In all, Macerich’s Arizona portfolio comprises over 9 million square feet and includes the most iconic and high-performing retail properties in the Southwest Biltmore Fashion Park, Kierland Commons, Arrowhead Towne Center and Chandler Fashion Center, in addition to Scottsdale Fashion Square. For more information, visit www.Macerich.com.
SOURCE: Macerich Company