Bloomingdale's To Open At Ala Moana Center
Renowned department store will open its first Hawaii location
CHICAGO, May 17, 2013
CHICAGO, May 17, 2013 /PRNewswire/ --General Growth Properties (NYSE: GGP)
and Bloomingdale's announced today the opening of a 167,000-square-foot,
three-level store at Ala Moana Center, one of the world's most visited
shopping malls located in Honolulu, Hawaii, in late 2015.The luxury
department store will serve as the centerpiece of a major retail expansion and
common area renovation at Ala Moana Center. When open, Bloomingdale's joins
Nordstrom, Neiman Marcus and Macy's, and an extensive list of luxury and
fashion tenants including Bottega Veneta, Balenciaga, LVMH, Hermes, Chanel,
Gucci, Cartier, Harry Winston, Tiffany & Co., Tory Burch, Victoria's Secret,
Abercrombie & Fitch, Apple, Microsoft and nearly 300 global and regional
retailers and restaurants.
The Sears building, when closed, will be demolished and transformed into
650,000 square feet of new retail, including the Bloomingdale's department
store, large format retailers, dining, entertainment and 200,000 square feet
of inline retailers. The entire mall will receive a face-lift, including an
upgraded food court, customer amenities, landscaping and pedestrian access
from Ala Moana Boulevard. Ala Moana Center is today the world's largest
open-air shopping mall.
"Ala Moana is an iconic mall with world recognition. Its sales productivity
exceeds $1,400 per square foot with 42 million shopper visits annually.
Adding Bloomingdale's to its stellar department store and retailer line-up
only furthers Ala Moana's status as a premier retail destination. I believe
the expansion and renovation of Ala Moana will set the standard of excellence
for re-investing in a property," said Sandeep Mathrani, CEO of General Growth
Properties, owner of Ala Moana Center.
"Ala Moana will provide an exceptional environment for the distinctive,
upscale shopping experience for which Bloomingdale's is world famous. It is a
beautiful open-air shopping center that is a recognized destination not only
for local customers from the Hawaiian islands, but also for visitors from the
U.S. mainland, Asia and worldwide," said Michael Gould, chairman and chief
executive officer of Bloomingdale's. "In Hawaii, we will offer global
customers the unique Bloomingdale's sense of contemporary style, as well as
the attentive service that sets us apart."
Bloomingdale's is America's only nationwide, full-line, upscale department
store. Its parent company, Macy's, Inc., with corporate offices in Cincinnati
and New York, is one of the nation's premier retailers, with fiscal 2012 sales
of $27.7 billion. The company operates about 840 stores in 45 states, the
District of Columbia, Guam and Puerto Rico under the names of Macy's and
Bloomingdale's, as well as the macys.com and bloomingdales.com websites and 12
Bloomingdale's Outlet stores. Bloomingdale's in Dubai is operated by Al Tayer
Group LLC under a license agreement.
General Growth Properties is a fully integrated, self-managed and
self-administered real estate investment trust focused exclusively on owning,
managing, leasing, and redeveloping high quality retail properties throughout
the United States. GGP's portfolio is comprised of 124 malls in the United
States totaling approximately 124 million square feet. GGP is headquartered in
Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.
Kevin Berry, Vice President of David Keating, Vice President of Corporate
Investor Relations Communications
(312) 960-5529 (312) 960-6325
SOURCE General Growth Properties
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