Simon Property To Transform 2.3M-SF Fashion Center
(Save the date: RealShare L.A. comes to the Hyatt Regency Century Plaza in Los Angeles, CA on March 27, 2013)
TORRANCE, CA-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that Simon Property Group Inc. recently revealed plans to redevelop the 2.3-million-square-foot Del Amo Fashion Center here. In addition, Seattle-based Nordstrom Inc. plans to relocate its full-line store at South Bay Galleria to Del Amo Fashion Center. The new store will be 138,000 square-feet on two levels, and is expected to open in 2015.
Simon Property Group tells GlobeSt.com that it cannot disclose redevelopment costs at this early state in a project, but notes that the arrival of Nordstrom is just “one of many significant upgrades Simon will undertake over two years.”
The redevelopment will begin in the spring and will start by replacing the existing food court with a transformed garden-inspired dining area and renovating the interior of a portion of the north mall, which will be completed by holiday 2013.
Starting in early 2014, the redevelopment will include the demolition of the remaining portion of the original north mall, replacing it with a new two-level mall to connect the existing Macy's women's store with the new Nordstrom store—to be located near the intersection of Hawthorne Boulevard and Fashion Way.
The redevelopment will also add a 1,800 car parking garage, planting of lush landscaping, upgraded parking throughout the entire mall property, new identity and informational signage, and improvements to facilitate customer circulation in and around the property. Completion of that work will be timed with the grand opening of Nordstrom in 2015, according to a prepared statement.
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