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Westcor Renovating Biltmore

PHOENIX-The multiphase redevelopment, including an exterior redesign, begins next year and will continue through late 2006.

By Jennifer D. Duell | Updated on October 29, 2004

PHOENIX-One of the Valley’s most successful retail centers, Biltmore Fashion Park, will receive a makeover from its owner Westcor, a subsidiary of Santa Monica, CA-based Macerich Co.

Early next year, the REIT will launch a multiphase redevelopment of the 31-year-old lifestyle center, which it acquired from Taubman Centers Inc. last year. “In my opinion, Biltmore has tarnished a bit, and we’d like to take it back to its former grandeur,” saysDave Scholl, senior vice president of development for Westcor.

Biltmore Fashion Park, located at 2502 E. Camelback Rd., is anchored by Saks Fifth Avenue and Macy’s. The 610,477-sf center, with more than 70 boutiques and restaurants, is about 98% occupied and boasts sales per sf of about $540, Scholl says.

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