P.F. Chang's China Bistro and Jared jewelry store anticipate opening in time for the 2005 holiday season with the balance of the stores opening in first quarter 2006. Signed retailers include Cost Plus World Market, Sur La Table, Birkenstock, Track & Trail, Borders Books and Music, and Bravo! Italian Cucina.
The Dayton Mall is situated at the intersection of State Routes 725 and 741 and is bordered by Interstates 75 and 675. Anchored by Elder-Beerman, Lazarus, J.C. Penney and Sears, Dayton Mall also includes 145 specialty stores and a 10-unit food court. Recent store openings in the mall include Old Navy, Linens 'n Things and DSW Shoe Warehouse.
President and CEO Michael P. Glimcher, says the company's intent in the Dayton market remains two-fold: To be a prevailing retail provider, and to enhance customer experience. Illustrating its commitment to the market, Glimcher is also retrofitting its one-million-sf Mall at Fairfield Commons mall in nearby Beavercreek, OH to include a lifestyle center component. "Dayton has been a terrific market for us," Glimcher says, "and we have continuously reinvested money and upgraded this market's two most dominant assets."
According to the company, the annual retail sales potential of the metropolitan market is $3.1 billion with anticipated annual increases of 4% to 5% through 2005. The company says that economic indicators for the area remain strong, largely due to the market's diverse economy and the low cost of living in comparison to other areas in the country.
The Columbus, OH-based REIT is an owner and developer of 25 regional/super-regional malls and 16 community centers. These properties consist of 24.3 million sf gross leasable area, 21.8 million sf of which are mall properties.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
