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Nordstrom Rack comes to Miracle
29
Apr '09
Seattle-based Nordstrom Inc, a leading fashion specialty retailer, announced it will open a 33,000-square-foot Nordstrom Rack, a unit of the company's off-price retail division, at Miracle Marketplace located in Coral Gables, Fla. in spring 2010.

"This center has evolved over the years and we are excited to be a part of its redevelopment into Miracle Marketplace," said Scott Meden, president of Nordstrom Rack. "We've been very happy with our Nordstrom stores in Coral Cables and Miami and look forward to offering our customers in the area a Nordstrom Rack store to shop as well."

This will be the retailer's fourth Nordstrom Rack in Florida, which includes two new Nordstrom Rack's that will be opening prior to the Miracle Marketplace Rack; one at Millenia Crossing in Orlando in fall 2009 and another at The Palms at Town & Country in Kendall in spring 2010 as well as an existing store at Sawrass Mills in Sunrise. The company also operates nine Nordstrom full-line stores in Florida.

"Nordstrom Rack will be a great addition to the already strong retail mix at Miracle Marketplace," said James Schlesinger, CEO of AWE Talisman Companies.

"We are very excited with this announcement. We are proud to welcome Nordstrom Rack to Miami," said Miami City Commissioner, Tomas Regalado.

A redevelopment of the former shopping center known as Paseos, the new Miracle Marketplace will have 250,000 square-feet of retail and restaurants spanning three levels when completed in 2010. Miracle Marketplace is located in the heart of Coral Gables and sits along the section of Coral Way referred to as the Miracle Mile. Its existing tenants include Bally's Total Fitness, Bed Bath & Beyond, DSW, Marshall's and Petsmart.

AWE Talisman Companies is based in Coral Gables, Florida and owns and operates such other notable developments as Fashion Outlets of Las Vegas in Primm, Nevada, Fashion Outlets of Niagara Falls in Niagara Falls, New York and Fashion Outlets of Santa Fe in Santa Fe, New Mexico.

Nordstrom Rack is the company's off-price retail division offering savings of 30 to 70 percent on apparel and accessories for women, men and children, including one of the most extensive collections of name-brand shoes available. Nordstrom Rack merchandise is made up of products from Nordstrom full-line stores and the company's online store at Nordstrom.com, as well as special purchase items.

Nordstrom Inc


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