Taubman's City Creek Center In Salt Lake City Wins "Best Retail Development,
USA" In Prestigious International Property Awards
BLOOMFIELD HILLS, Mich., Jan. 14, 2013
BLOOMFIELD HILLS, Mich., Jan. 14, 2013 /PRNewswire/ --City Creek Center has
been named "Best Retail Development, USA" in the prestigious International
Property Awards for 2012, in association with the Royal Institute of Chartered
Surveyors and Yamaha. City Creek Center, owned and managed by Michigan-based
Taubman and co-developed with City Creek Reserve, Inc. won for the Americas
region, which includes the U.S. and Canada, Central and South America and the
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The center also placed in the top three for the global, or "World's Best
Retail Development" category. More than 2,000 entries from 89 countries
competed in the categories of retail, residential, office and mixed-use
properties, among others.
Ron Loch, AIA, vice president of planning and design for Taubman, accepted the
award at the Dec. 7 celebration in London.
"City Creek Center broke new ground, from sustainable design and community
collaboration to breathtaking features and amenities," says Loch. "It's
exciting to be recognized by this esteemed group as the best retail project in
the Americas region in 2012."
City Creek Center opened in March 2012 in the heart of downtown Salt Lake City
and is the centerpiece of one of the nation's largest mixed-use downtown
redevelopment projects, undertaken privately by City Creek Reserve, Inc. City
Creek Center anchors a sustainably designed urban community and features a
unique shopping environment with its retractable roof, a rushing creek,
pedestrian skybridge, fountains and more. Anchored by Macy's and Nordstrom,
the world-class fashion and dining destination offers more than 100 premium
stores and restaurants in a casual, walkable environment.
"City Creek's unique retail center has enlivened the surrounding blocks. It is
attracting new residents and drawing locals and tourists downtown again," said
Bill Williams, lead architect for the master developer of the mixed-use
project, City Creek Reserve, Inc.
The International Property Awards is an annual celebration of the finest
achievements across the globe in residential and commercial property, covering
Africa, Europe, Arabia, Asia Pacific, the United Kingdom and the Americas.
Established 18 years ago, it is the world's most prestigious property
competition. Judging is carried out through a meticulous process involving a
panel of more than 80 experts covering every aspect of the property business.
Stuart Shield, president of the International Property Awards, says, "It was a
privilege to meet so many of the Americas' most talented property
professionals. Attention to the finest detail, first-rate green credentials
and a willingness to succeed against a hugely competitive field resulted in
the very best property companies being rewarded with the recognition they
deserve. I wish them every success in the future."
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in
the ownership, management and/or leasing of 27 regional, super-regional and
outlet shopping centers in the U.S. and Asia. Taubman's U.S. owned properties
are the most productive in the publicly held U.S. regional mall industry.
Taubman is currently developing Taubman Prestige Outlets Chesterfield in
Chesterfield, Missouri; The Mall at University Town Center in Sarasota,
Florida; The Mall of San Juan in San Juan, Puerto Rico; and shopping malls in
Xi'an, China and Hanam, South Korea. Taubman Centers is headquartered in
Bloomfield Hills, Michigan and Taubman Asia, the platform for Taubman Centers'
expansion into China and South Korea, is headquartered in Hong Kong. Founded
in 1950, Taubman has over 60 years of experience in the shopping center
industry. For more information about Taubman, visit www.taubman.com.
About City Creek Reserve, Inc.
City Creek Reserve, Inc., a real estate arm of The Church of Jesus Christ of
Latter-day Saints, is the master developer of City Creek, one of the largest
mixed-use redevelopment projects in the United States. A sustainably designed,
walkable, urban community of residences, offices, and world-class shopping,
City Creek includes twenty-three acres on three blocks in the heart of
downtown Salt Lake City. For more information about City Creek, visit
www.downtownrising.com or www.citycreekliving.com.
For ease of use, references in this press release to "Taubman Centers,"
"company," "Taubman" or an operating platform mean Taubman Centers, Inc.
and/or one or more of a number of separate, affiliated entities. Business is
actually conducted by an affiliated entity rather than Taubman Centers, Inc.
itself or the named operating platform.
This press release may contain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. These statements reflect
management's current views with respect to future events and financial
performance. The forward-looking statements included in this release are made
as of the date hereof. Except as required by law, we assume no obligation to
update these forward-looking statements, even if new information becomes
available in the future. Actual results may differ materially from those
expected because of various risks and uncertainties. You should review the
company's filings with the Securities and Exchange Commission, including "Risk
Factors" in its most recent Annual Report on Form 10-K and subsequent
quarterly reports, for a discussion of such risks and uncertainties.
SOURCE Taubman Centers
Contact: Karen Mac Donald, Taubman, Director, Communications, +1-248-258-7469,
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