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First Showing on Track for $21M Fashion Runway

DALLAS-Promising to unveil a unique fashion "Scene," FashionCenterDallas reaches the 98%-leased mark for one million sf in a reinvestment to make Dallas a cut above its design destination competitors. The grand opening is March 25.

By Connie Gore | Updated on December 21, 2003

DALLAS-The $21-million FashionCenterDallas, touted as an apparel industry first, will open doors March 25 with a three-day premiere and a new juried showing for the haute couture circuit in one million sf or practically one third of the World Trade Center.

At last count, the 600 permanent showrooms were pushing 98% occupancy for class A spaces averaging 1,000 sf. On the average, leases are being cut with three-year terms at rates of $23 per sf to $24 per sf. The buyers’ registry for the upcoming event is “up 10% over a year ago largely because of what we’re doing here as it relates to new space,” Bill Winsor, president and CEO of the Dallas Market Center, tells GlobeSt.com.

FashionCenterDallas is the 21st Century’s version of the 21-year-old International Apparel Mart, with its 1.8 million sf under review for redevelopment as the star-studded clientele readies for the move into a wholesale marketplace with the pizzaz of the most famous of international runways.

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