"We considered building a third center in the market," MichaelP. Glimcher, president of the REIT, tells GSR. "But we askedourselves, why not add to what's already strong? Our two propertiesin the Dayton area are already number one and two in the market, sowe decided to build on that -- literally."

At Fairfield Commons, Glimcher plans to add about 50,000 sf ofspace in the form of a new row of open-air shops erected againstone of the center's wall, giving the new stores a southernexposure. At the Dayton Mall, the addition will be more of a"village setting," according to Michael Glimcher: about 100,000 sfof freestanding retail space clustered together in what's nowsurface parking for the mall. If all goes according to plan, thetwo additions will be complete in late 2005 or early 2006.

These two properties currently represent over $450 million ofsales in this southwestern Ohio market. The lifestyle expansionproject will include retailers as well as restaurants, all of whichare at various stages of lease negotiations, according to MichaelGlimcher, who declined to give further specifics. However, he didtell GSR that targeted retailers for the expansion include PotteryBarn, Ann Taylor Loft, Chico's, J. Jill, Coldwater Creek, JaredJewelers, H&M, Apple, Organized Living, Borders and Talbots;and restaurants may include Bravo!, P.F. Chang's, Brinkers andMitchell's Fish Market.