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Santa Monica shoppers to enjoy Seattle fashion

16
Jul '08
Seattle-based Nordstrom Inc, a leading fashion specialty retailer, announced it has signed a letter of intent with acerich to open a new Nordstrom store at Santa Monica Place in Santa Monica, Calif. The three-level, 122,000-square-foot store is scheduled to open in fall 2010. The company also announced plans to relocate its existing Cerritos store at Los Cerritos Center and complete a remodel and expansion for its Broadway Plaza store in Walnut Creek, Calif.

Santa Monica Place:
"Santa Monica is a wonderful community and an exciting retail environment where many of our customers visit, live and work," said Erik Nordstrom, president of stores for Nordstrom. "We compliment Macerich on their vision for the new Santa Monica Place, which we anticipate to be an outstanding shopping experience."

"We're very pleased to welcome Nordstrom to the new Santa Monica Place," said Randy Brant, executive vice president, real estate, for Macerich. "The extraordinary appeal of Nordstrom is a great match for this exceptional market, and for what we believe will be a one-of-a-kind retail project two blocks from the beach in downtown Santa Monica."

Santa Monica Place is being completely transformed from an existing 1980s-era, enclosed shopping center to a three-level, open-air retail destination that will include a signature rooftop dining deck. Re-opening in fall 2009, the 550,000-square-foot Santa Monica Place is adjacent to the popular Third Street Promenade, three city blocks of retail stores, restaurants and entertainment.

Los Cerritos Center and Broadway Plaza Mall:
"We are excited about the new plans for our Cerritos and Walnut Creek stores as part of the commitment to improve both malls, which will provide our customers new shopping environments," added Erik Nordstrom. "The support we have received from our customers over the years at both Cerritos and Walnut Creek encouraged us to make these investments."

Macerich's Brant said, "It's clear that Nordstrom is a favorite of our shoppers at Broadway Plaza in Walnut Creek, the retail leader in the East Bay, and at Los Cerritos Center in Cerritos, a vibrant suburban community in Southern California. Both shopping centers reflect Macerich's focus on outstanding properties in very attractive markets."

Nordstrom will relocate its Cerritos store at Los Cerritos Center shopping center to a new location in the center and will build a new 138,000-square-foot two-level store. The new Nordstrom at Los Cerritos will take the place formerly occupied by Robinsons-May and is scheduled to open in spring 2010. The existing Nordstrom store at Los Cerritos Center will continue to serve customers until the new store opens. Nordstrom Cerritos originally opened in 1981.

Additionally, Nordstrom is remodeling and expanding its existing store at Broadway Plaza in Walnut Creek. The two-phase project will add 32,000-square-feet to the existing floor plan for a total of 225,000-square-feet. Upgrades include new designer shops and open-sell cosmetic cases that allow customers to touch the merchandise much like they would in the apparel departments of the store.


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